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 24, 2026
Bank Branches, Domestic
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 14210 Potranco Road, San Antonio, Texas.
Approved: October 22, 2026
Texas First Bank, Texas City, Texas -- to establish a branch at 28850 Tomball Parkway, Tomball, Texas.
Approved: October 22, 2026
Richmond
Burke & Herbert Bank & Trust Company, Alexandria, Virginia -- to establish a branch at 1311 Dolley Madison Boulevard, McLean, Virginia.
Approved: October 22, 2026
Highlands Community Bank, Covington, Virginia -- to establish a branch at 1095 Old Roswell Road, Roswell, Georgia.
Approved: October 22, 2026
United Community Bank, Greenville, South Carolina -- to establish a branch at 915 Representative John Lewis Way, Nashville, Tennessee.
Approved: October 22, 2026
United Community Bank, Greenville, South Carolina -- to establish a branch at 3700 Dauphin Street, Mobile, Alabama.
Approved: October 22, 2026
Bank Holding Companies
Cleveland
Middlefork Financial Group, Hyden, Kentucky -- to engage in community development activities pursuant to section 225.28(b)(1) of the Board's Regulation Y.
Approved: October 20, 2026
Dallas
Journey Financial Group, Inc., Montgomery, Texas -- to become a bank holding company by acquiring Lone Star Bank, Houston, Texas.
Approved: October 23, 2026
Minneapolis
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- to acquire voting shares of Security State Bank Holding Company and thereby indirectly acquire voting shares of Bank Forward, both of Fargo, North Dakota.
Approved: October 23, 2026
Profinium Financial Holdings, Inc., Fairmont, Minnesota -- to acquire F&M Community Bank, N.A., Preston, Minnesota.
Approved: October 22, 2026
Change in Bank Control
Chicago
AgCom Holdings, Inc., Maxwell, Iowa -- Bradley C. Hanson, Sioux Falls, South Dakota, to acquire voting shares of AgCom Holdings, Inc., and thereby indirectly acquire voting shares of Maxwell State Bank, Maxwell, Iowa.
Permitted: October 21, 2026
Burt Bancshares, Inc., Burt, Iowa -- William D. Mullins Revocable Trust, William D. Mullins as trustee, and the Janice M. Mullins Revocable Trust, Janice M. Mullins, as trustee, all of Algona, Iowa, to join the Bierstedt Family Control Group, a group acting in concert, to acquire voting shares of Burt Bancshares, Inc., and thereby indirectly acquire voting shares of Security State Bank, Algona, Iowa.
Permitted: October 22, 2026
Membership
Minneapolis
Oakwood Bank, Pigeon Falls, Wisconsin -- to become a member of the Federal Reserve System.
Approved: October 23, 2026