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 April 12, 2025
Bank Branches, Domestic
Richmond
First Bank, Southern Pines, North Carolina -- to establish a branch at 11324 North Community House Road, Charlotte, North Carolina.
Approved: April 7, 2025
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish branches at 301 Mission Boulevard, Baltimore, Maryland, and 1224 Stratford Avenue, Bridgeport, Connecticut.
Approved: April 9, 2025
Bank Holding Companies
Atlanta
Waterfall Bancorp, Inc., Clearwater, Florida -- to become a bank holding company by acquiring outstanding shares of Waterfall Bank, Clearwater, Florida.*
Approved: April 4, 2025
*Addition
Chicago
Longview Capital Corporation, Newman, Illinois -- to acquire Middletown State Bank, Middletown, Illinois.
Approved: April 9, 2025
Longview Capital Corporation, Newman, Illinois -- to acquire Federated Bank, Onarga, Illinois.
Approved: April 9, 2025
Bank Premises
New York
The Adirondack Trust Company, Saratoga Springs, New York -- to increase its investment in bank premises.
Approved: April 10, 2025
Banks, State Member
Dallas
Comerica Bank, Dallas, Texas -- to make a public welfare investment.*
Approved: April 4, 2025
*Addition
Comerica Bank, Dallas, Texas -- to make a public welfare investment.*
Approved: April 1, 2025
*Addition
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.*
Approved: March 31, 2025
*Addition
The Northern Trust Company, Chicago, Illinois -- to make certain public welfare investments (two requests).*
Approved: April 4, 2025
*Addition
Change in Bank Control
Atlanta
Centon Bancorp, Inc., Richton, Mississippi -- Hermine M. Granberry, Hattiesburg, Mississippi, and the Allision Lee Granberry Trust, William S. Granberry Jr. as Trustee, Hattiesburg, Mississippi, to join the Granberry Family Group, a group acting in concert, to retain voting shares of Centon Bancorp, Inc., and thereby retain control of Richton Bank and Trust Company, Richton, Mississippi.
Permitted: April 10, 2025
Kansas City
Platte Valley Bancorp, Inc., North Bend, Nebraska -- The Thomas E. Wolf Trust, as amended and restated on August 17, 2022, the Thomas E. Wolf Family Trust, a subtrust created under the Thomas E. Wolf Trust, the Deanna H. Wolf Trust, as amended and restated on August 17, 2022, and Deanna H. Wolf, as trustee of the aforementioned trusts, all of North Bend, Nebraska; and the John A. Wolf Revocable Trust, dtd June 15, 2023, and the Linda W. Wolf Revocable Trust, dtd June 15, 2023, and John A. Wolf, as trustee of the aforementioned trusts, all of Grand Island, Nebraska, to become members of the Arden Wolf Family Group, a group acting in concert, to acquire voting shares of Platte Valley Bancorp, Inc., and thereby indirectly acquire voting shares of Platte Valley Bank, North Bend, Nebraska.
Permitted: April 7, 2025
San Francisco
Hawaiian Electric Industries, Inc., Honolulu, Hawaii -- The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (together, the "Vanguard funds"), for the Vanguard funds to acquire additional voting shares of Hawaiian Electric Industries, Inc., and thereby indirectly acquire voting shares of American Savings Bank, F.S.B., Honolulu, Hawaii.
Withdrawn: April 11, 2025
St. Louis
Stark Bancshares, Inc., Bolivar, Missouri -- Tony Steele, Tyler Steele, Carolyn Grimsley, Jill Grimsley, Paul Grimsley and Guy Cable, each of Bentonville, Arkansas; Philip Fletcher, Hiwasse, Arkansas; Kirby Lane, Anderson, Missouri; Tommy Coughlin, Centerton, Arkansas; John Kallenbach and Jim Hacker, each of Bolivar, Missouri; Roland Julian, Rogers, Arkansas; Beverly Jones, Jay, Oklahoma; and Pam Lawson, Grove, Oklahoma, to acquire voting shares of Stark Bancshares, Inc., and thereby indirectly acquire voting shares of LimeBank, Bolivar, Missouri
Permitted: April 11, 2025
Extensions of Time
Secretary
A.N.B. Holding Company, Ltd., Terrell, Texas -- extension of time to acquire additional shares of The ANB Corporation, Terrell, Texas.*
Granted: April 2, 2025
*Addition
Financial Holding Companies
Atlanta
Waterfall Bancorp, Inc., Clearwater, Florida -- election to become a financial holding company.*
Effective: April 4, 2025
*Addition
Regulations and Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: April 8, 2025
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: April 8, 2025