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 October 10, 2026
Bank Branches, Domestic
Atlanta
M C Bank & Trust Company, Morgan City, Louisiana -- to establish a branch at 5814 West Lovers Lane, Dallas, Texas.
Approved: October 8, 2026
Kansas City
Bank of Commerce, Chelsea, Oklahoma -- to establish a branch at 315 West Will Rogers Boulevard, Claremore, Oklahoma.
Approved: October 5, 2026
First State Bank Nebraska, Lincoln, Nebraska -- to establish a branch at 2100 Market Lane, Norfolk, Nebraska.
Approved: October 8, 2026
Minneapolis
Dacotah Bank, Aberdeen, South Dakota -- to establish a branch at 526 North Main Street, Spearfish, South Dakota.
Approved: October 9, 2026
Philadelphia
Customers Bancorp, Inc., West Reading, Pennsylvania, and Customers Bank, Malvern, Pennsylvania -- (1) to establish a limited-service branch at 4425 Military Trail, Jupiter, Florida, and (2) to convert two existing limited-purpose banking offices at 100 Crescent Court, Dallas, Texas, and 44 Farnsworth Street, Boston, Massachusetts, into limited-services branches.
Approved: October 9, 2026
Richmond
Putnam County Bank, Hurricane, West Virginia -- to establish a branch at 25 Summers Street, Winfield, West Virginia.
Approved: October 6, 2026
Bank Holding Companies
St. Louis
Farmers Bancorp, Inc., Blytheville, Arkansas -- to acquire Lawrence Bancshares, Inc., and thereby indirectly acquire Lawrence Bank, both of Nashville, Tennessee.
Approved: October 7, 2026
Bank Mergers
Boston
Ion Bank, Naugatuck, Connecticut -- to merge with The Cooperative Bank, Roslindale, Massachusetts, and thereby establish branches at the locations of The Cooperative Bank.*
Approved: October 1, 2026
*Addition
Bank Premises
Richmond
Putnam County Bank, Hurricane, West Virginia -- to increase its investment in bank premises.
Approved: October 5, 2026
Change in Bank Control
Kansas City
Pueblo Bancorporation, Pueblo, Colorado -- the Kenneth Scott Brown Revocable Trust dated December 18, 2025, Kenneth Scott Brown, as trustee; the Rene' Brown Revocable Trust Dated January 30, 2017, Michelle Rene Brown, as trustee; the Karla Lynn Brown Revocable Trust dated December 18, 2025, Karla Lynn Brown, as trustee; the Josephine Marie Brown Revocable Trust dated June 26, 2025, Josephine Brown, Kenneth Brown, and Michelle Rene Brown, as co-trustees; the 2018 Irrevocable Trust for Sam C. Brown, III, the 2018 Irrevocable Trust for Kenneth Scott Brown, and the 2018 Irrevocable Trust for Michelle Rene Brown, Michelle Rene Brown, Kenneth Scott Brown, and Sam Brown, III, as co-trustees of the aforementioned trusts, all of Pueblo, Colorado; JoVanna Dukes, Clancy, Montana; and Chad Robertson, Lonetree, Colorado, to join the Brown Family Group, a group acting in concert, to retain voting shares of Pueblo Bancorporation and thereby indirectly retain voting shares of PB&T Bank, Pueblo, Colorado. Josephine Brown, Michelle Rene Brown, Kenneth Scott Brown, Karla Lynn Brown, and Sam Brown, III, are members of the Brown Family Group and were each previously permitted by the Federal Reserve System to acquire voting shares of Pueblo Bancorporation in their individual capacities.
Permitted: October 8, 2026
St. Louis
Sacramento Bancorp, Sacramento, Kentucky -- Charles W. Gatton, Jr., individually and as trustee of the Gatton Family Revocable Bancorp Trust, and the Charles Brent Gatton Irrevocable Trust #2, Charles Brent Gatton as trustee, all of Bremen, Kentucky, a group acting in concert, to retain voting shares of Sacramento Bancorp and thereby indirectly retain voting shares of The Sacramento Deposit Bank, Sacramento, Kentucky.
Returned: October 9, 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: October 6, 2026