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 29, 2026
Bank Branches, Domestic
Minneapolis
First Western Bank and Trust, Minot, North Dakota -- to establish a branch at 490 West Willow Street, Harrisburg, South Dakota.
Approved: August 27, 2026
Secretary
First Bank, Southern Pines, North Carolina -- to establish a branch at 6525 Carnegie Boulevard, Charlotte, North Carolina.
Approved: August 24, 2026
Bank Holding Companies
Atlanta
Bci Group, S.A., Santiago, Chile -- to become a bank holding company by acquiring Banco de Credito e Inversiones S.A. (Bci), Santiago, Chile. Empresas Juan Yarur SpA, Santiago, Chile, to acquire Bci Group, S.A. Bci2, Santiago, Chile, to become a bank holding company through a spin-off of Bci Financial Group, Inc., Miami, Florida, followed by a merger of Bci2 into Bci Group S.A.
Approved: August 27, 2026
Boston
Green Mountain Mutual Bancorp, Brattleboro, Vermont -- to become a bank holding company by acquiring Brattleboro Savings and Loan Association (Brattleboro), Brattleboro, Vermont, upon the conversion of Brattleboro from mutual to stock form.
Approved: August 27, 2026
Mascoma Mutual Financial Services Corporation, Lebanon, New Hampshire -- (1) to merge with Androscoggin Bancorp, MHC, and thereby indirectly acquire Androscoggin Bancorp, Inc., and Androscoggin Savings Bank, all of Lewiston, Maine, and (2) to engage, through the acquisition of Portland Trust Company, LLC, Portland, Maine, in providing trust company functions pursuant to section 225.28(b)(5) of Regulation Y.
Approved: August 28, 2026
Chicago
Brookfield Bancshares, Inc., Brookfield, Illinois -- to merge with NSTS Bancorp, Inc., and thereby indirectly acquire North Shore Trust and Savings, both of Waukegan, Illinois, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y.
Approved: August 24, 2026
Cherry Bancorporation, Inc., Cherry, Illinois -- waiver of filing requirement under section 3 of the Bank Holding Company Act to acquire First State Bank of Van Orin, Van Orin, Illinois, a state nonmember bank, in connection with the merger of First State Bank of Van Orin with and into State Bank of Cherry, Cherry, Illinois.*
Granted: August 12, 2026
*Addition
Kansas City
Digital Asset Acquisition Corporation, Princeton, New Jersey -- to become a bank holding company by merging with Old Glory Holding Company, Oklahoma City, Oklahoma, and thereby indirectly acquire its subsidiary state nonmember bank, Old Glory Bank, Elmore City, Oklahoma.*
Withdrawn: August 20, 2026
*Addition
Banks, State Member
Chicago
Ally Bank, Sandy, Utah -- to make a public welfare investment.
Withdrawn: August 26, 2026
New York
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: August 25, 2026
St. Louis
Renasant Bank, Tupelo, Mississippi -- to make a public welfare investment.
Approved: August 25, 2026
Change in Bank Control
Kansas City
F&M Bancshares, Inc., Crescent, Oklahoma -- the JVA Inheritance Trust for Terry V. Anderson, Terry V. Anderson, trustee, both of Piedmont, Oklahoma; the JVA Inheritance Trust for John T. Anderson, John T. Anderson, trustee, both of Crescent, Oklahoma; the JVA Inheritance Trust for Barry L. Anderson, Barry L. Anderson, trustee, both of Guthrie, Oklahoma; and the JVA Inheritance Trust for Patti J. Rains, Patti J. Rains, trustee, both of Oklahoma City, Oklahoma, to join the Anderson Family Group, a group acting in concert, to acquire voting shares of F&M Bancshares, Inc., and thereby indirectly acquire voting shares of F&M Bank, Edmond, Oklahoma. Terry V. Anderson, John T. Anderson, Barry L. Anderson, and Patti J. Rains are members of the Anderson Family Group and were each previously permitted by the Federal Reserve System to acquire voting shares of the company in their individual capacities.
Permitted: August 27, 2026
Minneapolis
PB Bancshares, Inc., Maplewood, Minnesota -- Amy J. Regan, Hastings, Minnesota; Robert O. Regan and Donald O. Regan, both of Stillwater, Minnesota; Erin M. Miller and Jeffrey W. Miller, both of Lake Elmo, Minnesota; Andrew D. Nath and Darby O. Regan, both of North St. Paul, Minnesota; Frances D. Regan, Seamus O. Regan, and Bridget M. Nath, all of Chicago, Illinois; Conor C. M. Nath, Seattle, Washington; and Emmet W. Nath and Fiona J. Nath, both of Minneapolis, Minnesota, to join the Regan Family Shareholder Group, a group acting in concert, to acquire shares of PB Bancshares, Inc., and thereby indirectly acquire shares of Premier Bank, Maplewood, Minnesota.
Permitted: August 28, 2026
Extensions of Time
Director, S&R
Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
Granted: August 28, 2026
Minneapolis
GBH Inc., Breslau, Canada; VersaBank, London, Canada; and VersaHoldings US Corp., Wilmington, Delaware -- extension of time to divest certain activities.
Granted: August 27, 2026