Actions under delegated authority PDF

Actions taken during the week ending August 8, 2026

Bank Branches, Domestic
Richmond

Putnam County Bank, Hurricane, West Virginia -- to establish a branch at 8026 Route 60 East, Barboursville, West Virginia.
Approved: August 4, 2026

Secretary

SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 1234 First Avenue, Columbus, Georgia.
Approved: August 5, 2026

Bank Holding Companies
Boston

1887 Bancorp, MHC, Stoneham, Massachusetts -- to become a bank holding company by acquiring StonehamBank, Stoneham, Massachusetts, upon the conversion of StonehamBank from mutual to stock form.
Approved: August 4, 2026

New York

Bayerische Raiffeisen-Beteiligungs-Aktiengesellschaft, Beilngries, Germany -- to retain voting shares in BayWa AG, Munich, Germany, and thereby indirectly engage in extending credit and servicing loans pursuant to section 225.28(b)(1) of Regulation Y.
Approved: August 7, 2026

Richmond

Coastal Carolina Bancshares Inc., Myrtle Beach, South Carolina -- waiver of filing requirement under section 3 of the Bank Holding Company Act to merge with Beacon Holding Company Inc., and thereby indirectly acquire its subsidiary state nonmember bank, Beacon Community Bank, both of Mount Pleasant, South Carolina, in connection with the merger of Beacon Community Bank with and into Coastal Carolina National Bank, Myrtle Beach, South Carolina.
Granted: August 3, 2026

Bank Mergers
Secretary

Southern Bancorp Bank, Arkadelphia, Arkansas -- to merge with Legacy Bank & Trust Company (Legacy), Mountain Grove, Missouri, and thereby establish branches at the locations of the main office and branches of Legacy.*
Approved: July 29, 2026
*Addition

Banks, State Member
Atlanta

Regions Bank, Birmingham, Alabama -- to make a public welfare investment.*
Approved: July 29, 2026
*Addition

Dallas

Charles Schwab Bank, SSB, Westlake, Texas -- to make a public welfare investment.
Approved: August 5, 2026

St. Louis

Southern Bank, Poplar Bluff, Missouri -- to make a public welfare investment.*
Approved: July 27, 2026
*Addition

Change in Bank Control
Chicago

Bradley Bancorp, Inc., Centerville, Iowa -- Nicholas Spenser Young, Overland Park, Kansas, and Tyler Thomas Young, Nashville, Tennessee, to join the Young Family Group, a group acting in concert, to retain voting shares of Bradley Bancorp, Inc., and thereby indirectly retain voting shares of Iowa Trust and Savings Bank, Centerville, Iowa.
Permitted: August 6, 2026

San Francisco

W.T.B. Financial Corporation, Spokane, Washington -- the Stanton Washington Trust Bank Voting Trust, Peter F. Stanton, trustee, both of Spokane, Washington, to acquire voting shares of W.T.B. Financial Corporation and thereby indirectly acquire voting shares of Washington Trust Bank, Spokane, Washington.
Permitted: August 5, 2026

Extensions of Time
Secretary

A.N.B. Holding Company, Ltd., Terrell, Texas -- extension of time to acquire voting shares of The ANB Corporation, which controls The American National Bank of Texas, both of Terrell, Texas.*
Granted: July 31, 2026
*Addition

Financial Holding Companies
Kansas City

Central Bancshares of Kansas City, Inc., Kansas City, Missouri -- election to become a financial holding company.
Effective: August 7, 2026

Regulations and Policies
General Counsel

Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: August 6, 2026

Supervision and Regulation
Director, S&R

Fifth Third Bancorp, Cincinnati, Ohio -- to make certain capital distributions under the capital plan rule.*
Approved: July 31, 2026
*Addition

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Last Update: August 13, 2026