Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
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