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Federal Reserve Release
H.2
Actions of the Board, Its Staff,
and the Federal Reserve Banks;
Applications and Reports Received
No. 34
Week Ending August 21, 2021
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
August 15, 2021 to August 21, 2021
Bank Holding Companies
SmartFinancial, Inc., Knoxville, Tennessee -- (1) to merge with Sevier County
Bancshares, Inc., and thereby indirectly acquire Sevier County Bank, both of
Sevierville, Tennessee, and (2) for SmartBank, Pigeon Forge, Tennessee, to merge
with Sevier County Bank, and to establish and operate branches at the locations of
the main office and branches of Sevier County Bank.
- Approved, August 16, 2021
(A/C) = Addition or Correction
Board - Page 1 of
1
H.2
Actions under delegated authority
S&R Supervision and Regulation
C&CA Consumer and Community Affairs
FOMC Federal Open Market Committee
August 15, 2021 to August 21, 2021
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
Richmond
Farmers & Merchants Bank, Timberville, Virginia -- to establish a branch that can be
accessed at 3 South Cameron Street and 45 East Boscawen Street, Winchester,
Virginia.
- Approved, August 17, 2021
Richmond
HomeTrust Bank, Asheville, North Carolina -- to establish a branch at 17065 Nat
Bynum Lane, Cornelius, North Carolina.
- Approved, August 18, 2021
Bank Holding Companies
Chicago
HBT Financial, Inc., Bloomington, Illinois -- to acquire NXT Bancorporation, Inc.,
and thereby indirectly acquire NXT Bank, both of Central City, Iowa.
- Approved, August 16, 2021
Minneapolis
Heritage Bancshares Group Inc., Employee Stock Ownership Plan and Trust, Spicer,
Minnesota -- (1) to become a bank holding company by acquiring voting shares of
Heritage Bancshares Group, Inc., and thereby indirectly acquire voting shares of
Heritage Bank, N.A., both of Spicer, Minnesota, and (2) election to become a
financial holding company.
- Approved, August 20, 2021
(A/C) = Addition or Correction
Delegated - 1 of
6
H.2
Actions under delegated authority
August 15, 2021 to August 21, 2021
Bank Holding Companies
Boston
Independent Bank Corp. and Bradford Merger Sub Inc., both of Rockland,
Massachusetts -- to acquire Meridian Bancorp, Inc., Peabody, by merger and thereby
indirectly acquire East Boston Savings Bank, Boston, both of Massachusetts.
- Approved, August 20, 2021
Dallas
Plains Bancorp, Inc., Dimmitt, Texas -- to acquire Childress Bancshares, Inc., and
thereby indirectly acquire First Bank and Trust of Childress, both of Childress, Texas.
- Approved, August 16, 2021
Kansas City
RCB Holding Company, Inc., Claremore, Oklahoma -- (1) to merge with Oklahoma
State Bancshares, Vinita, and thereby indirectly acquire Oklahoma State Bank (Vinita
Bank), Vinita, and Lakeside State Bank (Oolagah Bank), Oolagah, and (2) for RCB
Bank, Claremore, to merge with Vinita Bank and Oolagah Bank, all of Oklahoma,
and thereby establish branches.
- Approved, August 16, 2021
Minneapolis
Stearns Financial Services, Inc. Employee Stock Ownership Plan, Saint Cloud,
Minnesota -- to acquire additional shares and increase its ownership in Stearns
Financial Services, Inc., Saint Cloud, and thereby indirectly increase its control of
Stearns Bank National Association, Saint Cloud; Stearns Bank of Upsala, National
Association, Upsala; and Stearns Bank of Holdingford, National Association,
Holdingford, all of Minnesota.
- Approved, August 16, 2021
(A/C) = Addition or Correction
Delegated - 2 of
6
H.2
Actions under delegated authority
August 15, 2021 to August 21, 2021
Banks, Foreign
San Francisco
Taiwan Cooperative Bank, Ltd., Taipei, Taiwan -- to establish a branch in Houston,
Texas, pursuant to Regulation K.
- Approved, August 20, 2021
Banks, State Member
St. Louis
First Bank, Creve Coeur, Missouri -- to make a public welfare investment.
- Approved, July 14, 2021
(A/C)
St. Louis
First Bank, Creve Coeur, Missouri -- to make a public welfare investment.
- Approved, August 17, 2021
Change in Bank Control
St. Louis
Alton Bancshares, Inc., Alton, Missouri -- Kendall L. Combs and Patricia A. Combs
as trustees of the Combs Family Revocable Alton Bancshares Trust, both of Hollister,
Missouri; Randall G. Combs or Beckie D. Combs, both of Alton, Missouri; and
Michael D. Combs and Sandra L. Combs as trustees of the Michael and Sandra
Combs Revocable Alton Bancshares Trust, both of Walnut Shade, Missouri, to retain
voting shares of Alton Bancshares, Inc., and its subsidiaries Alton Bank, Alton, and
First Community Bank of the Ozarks, Branson, both of Missouri.
- Permitted, August 19, 2021
(A/C) = Addition or Correction
Delegated - 3 of
6
H.2
Actions under delegated authority
August 15, 2021 to August 21, 2021
Change in Bank Control
Dallas
Capital Bancorp, Inc., Delhi, Louisiana -- Lawrence W. Pickett of Monroe,
Louisiana, individually, and Lawrence W. Pickett, Dana Dosher DeGravelle, Marilyn
Pickett Worsley, Rock W. Worsley, Lauren P. Davis, Pamela J. Pickett, Benjamin
Clark Burch, and an individual identified as Minor A and an individual identified as
Minor B, all of Monroe, Louisiana; Amanda Dosher Arledge of West Monroe,
Louisiana; Adam L. Pickett of San Francisco, California; De-Ette Copes and Lonnie
L. Copes of Delhi, Louisiana; Charles E. Hixon Jr. and Anne Ruth Hixon of Rayville,
Louisiana; Bonnie R. Holley and Willie R. Holley of Epps, Louisiana; David Wesley
Sullivan of Pioneer, Louisiana; and Joshua D. Sullivan of New Orleans, Louisiana,
collectively a group acting in concert, to retain voting shares of Capital Bancorp,
Inc., and thereby indirectly retain voting shares of Commercial Capital Bank, Delhi,
Louisiana.
- Permitted, August 18, 2021
Atlanta
Heritage Nola Bancorp, Inc., Covington, Louisiana -- Heritage Bank of St. Tammany
ESOP, Covington, Louisiana, to acquire additional voting shares of Heritage NOLA
Bancorp, Inc., and thereby indirectly acquire voting shares of Heritage Bank of St.
Tammany, Covington, Louisiana.
- Permitted, August 20, 2021
Kansas City
Lead Financial Group, Inc., Kansas City, Missouri -- SRT 2015 LFG Trust, Sarah
Elizabeth ("Liza") Rowland Townsend as co-trustee, both of Kansas City, Missouri;
MHR 2015 LFG Trust, Matthew Hill Rowland as co-trustee, both of Santa Monica,
California, with Sarah Rowland, Kansas City, Missouri, as co-trustee of both trusts,
to join the Rowland Family Group, a group acting in concert, to acquire voting shares
of Lead Financial Group, Inc., and thereby indirectly acquire voting shares of Lead
Bank, Kansas City, Missouri.
- Permitted, August 19, 2021
(A/C) = Addition or Correction
Delegated - 4 of
6
H.2
Actions under delegated authority
August 15, 2021 to August 21, 2021
Change in Bank Control
Minneapolis
Marine Bancshares, Inc., Marine on Saint Croix, Minnesota -- the Scott C. Johnson
and Jan L. Johnson Trust under agreement dated August 16, 2019 (the "Johnson
Trust"), Scott C. Johnson and Jan L. Johnson as co-trustees of the Johnson Trust, and
Jan L. Johnson, all of Stillwater, Minnesota, to become members of the Johnson
Family Control Group, a group acting in concert, to acquire voting shares of Marine
Bancshares, Inc., and thereby indirectly acquire voting shares of Security State Bank
of Marine, Marine on St. Croix, Minnesota.
- Permitted, August 20, 2021
Extensions of Time
Dallas
Bright Force Holdings, LLC, Dallas, Texas -- extension to November 22, 2021, to
engage in activities permitted by 12 C.F.R. 225.28(b)(1) by extending credit, and
specifically, purchasing loan participations, loans, and other real estate owned from
its subsidiary, American Bank, National Association, Dallas, Texas, including
purchasing loan participations from third-party financial institutions.
- Granted, August 20, 2021
St. Louis
The Farmers & Merchants Bank, Stuttgart, Arkansas -- extension to February 20,
2022, to establish a branch at 3100 Southwest Drive, Jonesboro, Arkansas.
- Granted, August 18, 2021
Minneapolis
The Yellowstone Bank, Laurel, Montana -- extension to September 30, 2021, to
merge with 1st Bank, Broadus, Montana, and thereby establish branches.
- Granted, August 20, 2021
(A/C) = Addition or Correction
Delegated - 5 of
6
H.2
Actions under delegated authority
August 15, 2021 to August 21, 2021
Supervision and Regulation
Director, S&R
Citizens Financial Group, Inc., Providence, Rhode Island -- to make capital
distributions in the fourth quarter of 2021 and subsequent quarters after the
occurrence of an event requiring resubmission of its capital plan.
- Approved, August 16, 2021
(A/C) = Addition or Correction
Delegated - 6 of
6
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
COMMUNITY BANCORP OF * 3A1
BERKSHIRES MHC
* 3A3
Community Bancorp of the Berkshires,
MHC (in formation), and Community
Bancorp of the Berkshires, Inc. (in
formation), both of Adams, Massachusetts
to become mutual bank holding and stock
bank holding, respectively, by acquiring
Adams Community Bank, Adams,
Massachusetts, pursuant to sections 3(a)(1)
and 3(a)(3) of the Bank Holding Company
Act of 1956, as amended.
Newspaper:
09/04/2021
Federal Register:
09/08/2021
EASTERN BANKSHARES
INC
Eastern Bankshares, Boston,
Massachusetts, to acquire Century
Bancorp, Inc., Medford, Massachusetts,
and its subsidiary, Century Bank & Trust
Company, Medford, Massachusetts,
pursuant to sections 3(a)(3) and 3(a)(5) of
the Bank Holding Company Act of 1956,
as amended.
Newspaper:
Not available
Federal Register:
08/30/2021
* 3A3
* 3A5
* Subject to the provisions of the Community Reinvestment Act
District: 1
Federal Reserve Bank of Boston
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
CORNERSTONE BK
SPENCER, MASSACHUSETTS
Fourth Quarter of 2021
* Subject to the provisions of the Community Reinvestment Act
District: 2
Federal Reserve Bank of New York
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
CITIBANK, N.A.
Investment
Prior notice by Citibank Overseas
Investment Corporation, New Castle,
Delaware to make an additional
investment, pursuant to Section 211.9(f) of
Regulation K.
Newspaper:
Not applicable
Federal Register:
Not applicable
* Subject to the provisions of the Community Reinvestment Act
District: 2
Federal Reserve Bank of New York
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
DIME CMNTY BK
BRIDGEHAMPTON, NEW YORK
First Quarter of 2022
GOLDMAN SACHS BK USA
NEW YORK, NEW YORK
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 3
Federal Reserve Bank of Philadelphia
Filings received during the week ending August 21, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 3
Federal Reserve Bank of Philadelphia
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
AMERISERV FNCL BK
JOHNSTOWN, PENNSYLVANIA
First Quarter of 2022
NEW TRIPOLI BK
NEW TRIPOLI, PENNSYLVANIA
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 4
Federal Reserve Bank of Cleveland
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BBVA USA
PWI
BBVA USA, Birmingham, Alabama,
requests prior approval to make three
public welfare investments.
Newspaper:
Not applicable
Federal Register:
Not applicable
* Subject to the provisions of the Community Reinvestment Act
District: 4
Federal Reserve Bank of Cleveland
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
CITIZENS BK OF KY
PAINTSVILLE, KENTUCKY
Fourth Quarter of 2021
MINSTER BK
MINSTER, OHIO
Fourth Quarter of 2021
SETTLERS BK
MARIETTA, OHIO
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 5
Federal Reserve Bank of Richmond
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FIRST BANCORP
* 18C
First Bancorp, Southern Pines, North
Carolina, to acquire 100% of the voting
securities of Select Bancorp, Inc., Dunn,
North Carolina, and thereby indirectly
acquire Select Bank & Trust Company,
Dunn, North Carolina. In addition, First
Bank, Southern Pines, North Carolina, to
merge with Select Bank & Trust Company,
Dunn, North Carolina.
Newspaper:
Not available
Federal Register:
Not available
* 3A5
* Branch
* Subject to the provisions of the Community Reinvestment Act
District: 5
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
LIFESTORE BK
WEST JEFFERSON, NORTH CAROLINA
Fourth Quarter of 2021
PRIMIS BK
TAPPAHANNOCK, VIRGINIA
Fourth Quarter of 2021
SANDY SPRING BK
OLNEY, MARYLAND
Fourth Quarter of 2021
SHORE UNITED BK
EASTON, MARYLAND
Fourth Quarter of 2021
TOUCHSTONE BK
MC KENNEY, VIRGINIA
Fourth Quarter of 2021
VIRGINIA PTNR BK
FREDERICKSBURG, VIRGINIA
Fourth Quarter of 2021
* Subject to the provisions of the Community Reinvestment Act
District: 6
Federal Reserve Bank of Atlanta
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
PEOPLES BANCSHARES,
INC.
4c8
Peoples Bancshares, Inc., Mendenhall,
Mississippi, to engage denovo, through its
nonbank subsidiary, PB Community
Impact Fund, LLC, Mendenhall,
Mississippi, and thereby engage in
community development activities
pursuant to 12 CFR 225.28(b)(12).
Newspaper:
Not applicable
Federal Register:
09/08/2021
SMARTBANK
* Branch
SmartBank, Pigeon Forge, Tennessee, to
establish a branch located at 2890 Horace
Shepard Drive, Dothan, Alabama.
Newspaper:
09/02/2021
Federal Register:
Not applicable
SmartBank, Pigeon Forge, Tennessee, to
establish a branch located at 1605 Medical
Center Pkwy, Murfreesboro, Tennessee.
Newspaper:
09/03/2021
Federal Register:
Not applicable
South State Corporation, Winter Haven,
Florida to merge with Atlantic Capital
Bancshares, Inc., and thereby acquire its
subsidiary, Atlantic Capital Bank, National
Association, both of Atlanta, Georgia.
Newspaper:
Not available
Federal Register:
09/20/2021
Synovus Bank, Columbus, Georgia, to
establish a branch located at 170 Saint
Francis Street, known as the St. Francis
branch, Mobile, Alabama.
Newspaper:
08/23/2021
Federal Register:
Not applicable
SMARTBANK
* Branch
SOUTH STATE
CORPORATION
* 3A5
SYNOVUS BANK
* Branch
* Subject to the provisions of the Community Reinvestment Act
District: 6
Federal Reserve Bank of Atlanta
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
CAPITAL CITY BK
TALLAHASSEE, FLORIDA
Fourth Quarter of 2021
GROVE B&TC
MIAMI, FLORIDA
Fourth Quarter of 2021
FIRST FL INTEGRITY BK
NAPLES, FLORIDA
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BANK MICHIGAN
FINANCIAL
* 3A1
Bank Michigan Financial Corporation,
Brooklyn, Michigan, to become a bank
holding company by acquiring Bank
Michigan, Brooklyn, Michigan.
Newspaper:
Not available
Federal Register:
09/15/2021
BRADLEY BANCORP, INC.
CIC
Jeffrey T. Young, Centerville, Iowa,
individually and as trustee of the John
Bradley Young, Sr. Marital Non-Exempt
Trust; the John Bradley Young, Sr. Family
Exempt Trust; the John Bradley Young, Sr.
Marital Exempt Trust; the Jeff Young 2021
Irrevocable Trust; and the J. Bradley
Young, Jr., 2021 Irrevocable Trust, all of
Centerville, Iowa, to retain voting shares of
Bradley Bancorp, Inc. and thereby
indirectly retain voting shares of Iowa
Trust and Savings Bank, both of
Centerville, Iowa. In addition, the J.
Bradley Young, Jr., Trust, Iowa Trust and
Savings Bank as trustee, and J. Bradley
Young, Jr., as settlor with power to vote
Holding Company shares to form the
Young Family Control Group as a group
acting in concert.
Newspaper:
Not available
Federal Register:
Not available
COMMUNITY FIRST
CIC
FINANCIAL CORPORATION
Robert F. Hingst Kokomo, Indiana, along
with Ann Hingst Vyas and Amit Vyas,
Chicago, Illinois, to become members of
the Hingst Family Control Group, a group
acting in concert, to acquire 10 percent or
more of the voting shares of Community
First Financial Corporation and thereby
indirectly acquire voting shares of
Community First Bank of Indiana, both of
Kokomo, Indiana.
Newspaper:
09/04/2021
Federal Register:
09/07/2021
FENTURA FINANCIAL, INC.
Fentura Financial, Inc., Fenton, Michigan,
to acquire 100 percent of Farmers State
Bank of Munith, Munith, Michigan.
Newspaper:
09/17/2021
Federal Register:
Not available
The CAOS Family Irrevocable Trust,
Teresa J. Simington and Bradley D.
Simington, as co-trustees, and Bradley D.
Simington, as an individual, all of Milford,
IA to form the CAOS Family Irrevocable
Trust control group, a group acting in
concert, and to retain voting shares of
Fostoria Bankshares, Inc., and thereby
indirectly retain voting shares of Farm
Savings Bank, both of Fostoria, Iowa.
Newspaper:
09/01/2021
Federal Register:
08/31/2021
FOSTORIA BANKSHARES,
INC.
* 3A3
CIC
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
MILLEDGEVILLE BANCORP, CIC
INC.
Cheryl Allen, Sterling, Illinois; Gregg
DeVries, Byron, Illinois; and Sandra K.
DeVries Trust, Sandra K. Devries, as
trustee, and Roger P. DeVries Trust, Roger
P. DeVries, as trustee, all of Milledgeville,
Illinois; as the DeVries Family Control
Group, a group acting in concert; and
Edward M. Tyne, Kay F. Tyne, and
Margaret A. Tyne, all of Polo, Illinois; and
Courtney Tyne, Washington, D.C.; as the
Tyne Family Control Group, a group acting
in concert, to acquire additional voting
shares of Milledgeville Bancorp, Inc., and
thereby indirectly acquire voting shares of
Milledgeville State Bank, both of
Milledgeville, Illinois.
Newspaper:
08/25/2021
Federal Register:
08/25/2021
NORTH SHORE, MHC
North Shore MHC, Waukegan, IL, is
seeking the inclusion of non-interest
bearing demand accounts in the offering
priority for the upcoming MHC full
conversion to be submitted in September
2021. By default, Regulation MM requires
the exclusion of all non-interest bearing
demand deposit accounts from the stock
offering priority. North Shore MHC is
requesting a review of their support for the
request prior to submitting the full
conversion application.
Newspaper:
Not applicable
Federal Register:
Not available
Old Second Bancorp, Inc., Aurora, Illinois
to acquire 100 percent of West Suburban
Bancorp, Inc., Lombard, Illinois and
thereby indirectly acquire West Suburban
Bank, both of Lombard, Illinois.
Newspaper:
Not available
Federal Register:
Not available
Ottawa Bancorp, Inc., Ottawa, Illinois, to
become a bank holding company as a result
of the conversion of Ottawa Savings Bank,
Ottawa, Illinois, from a federally chartered
savings association to a state chartered
bank.
Newspaper:
Not available
Federal Register:
Not available
MHC Activity
OLD SECOND BANCORP,
INC.
* 3A3
OTTAWA BANCORP, INC.
* 3A1
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
WOODTRUST FINANCIAL
CORPORATION
CIC
The Steven C. Bell 2021 Investment Trust,
Paula Bell, as trustee, both of Wisconsin
Rapids, Wisconsin; and the Linda J.
Growney Investment Trust, Madison,
Wisconsin, Chad Kane, Wausau,
Wisconsin; to join the Bell Family Control
Group, a group acting in concert, to acquire
voting shares of WoodTrust Financial
Corporation and thereby indirectly retain
voting shares of WoodTrust Bank, both of
Wisconsin Rapids, Wisconsin.
Additionally, Paula Bell, a current member
of the Bell Family Control Group, to
individually, and as trustee of the Steven
C. Bell 2021 Investment Trust, both of
Wisconsin Rapids, Wisconsin; acquire
control of 25 percent or more of the voting
shares of WoodTrust Financial Corporation
and thereby indirectly retain voting shares
of WoodTrust Bank, both of Wisconsin
Rapids, Wisconsin.
Newspaper:
Not available
Federal Register:
08/23/2021
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
CEDAR RAPIDS B&TC
CEDAR RAPIDS, IOWA
Fourth Quarter of 2021
FIRST HERITAGE BK
SHENANDOAH, IOWA
Fourth Quarter of 2021
GNB BK
GRUNDY CENTER, IOWA
Fourth Quarter of 2021
GRUNDY BK
MORRIS, ILLINOIS
Fourth Quarter of 2021
LOGAN ST BK
LOGAN, IOWA
Fourth Quarter of 2021
ROLLING HILLS B&T
ATLANTIC, IOWA
Fourth Quarter of 2021
FIRST BK OF BERNE
BERNE, INDIANA
First Quarter of 2022
FIRST CMNTY BK
HARBOR SPRINGS, MICHIGAN
First Quarter of 2022
FIRST EAGLE BK
CHICAGO, ILLINOIS
First Quarter of 2022
FIRST ST BK
EASTPOINTE, MICHIGAN
First Quarter of 2022
HARTSBURG ST BK
HARTSBURG, ILLINOIS
First Quarter of 2022
SAINT ANSGAR ST BK
SAINT ANSGAR, IOWA
First Quarter of 2022
STATE BK
SPENCER, IOWA
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 8
Federal Reserve Bank of St. Louis
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FNBC BANK
* Branch
FNBC Bank, Ash Flat, Arkansas, to
establish a branch facility located at 175
West End Way, Mountain Home,
Arkansas.
Newspaper:
09/02/2021
Federal Register:
Not applicable
Poplar Bluff Bancorp, Inc., Poplar Bluff,
Missouri, to become a bank holding
company by acquiring 100 percent of the
voting shares of First Missouri State Bank,
Poplar Bluff, Missouri.
Newspaper:
Not available
Federal Register:
Not available
Poplar Bluff Bancorp, Inc.
* 3A1
* Subject to the provisions of the Community Reinvestment Act
District: 8
Federal Reserve Bank of St. Louis
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
329550
INSOUTH BK, BROWNSVILLE, TENNESSEE
03/15/2021
08/16/2021
S
Int Small Bank
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
FIRST ST B&TC
CARUTHERSVILLE, MISSOURI
Fourth Quarter of 2021
FIRST ST BK OF WARREN
WARREN, ARKANSAS
Fourth Quarter of 2021
INDEPENDENCE BK OF KY
OWENSBORO, KENTUCKY
Fourth Quarter of 2021
LEWISBURG BKG CO
LEWISBURG, KENTUCKY
Fourth Quarter of 2021
PEOPLES BK OF ALTENBURG
ALTENBURG, MISSOURI
Fourth Quarter of 2021
CALLAWAY BK
FULTON, MISSOURI
First Quarter of 2022
CASS CMRL BK
DES PERES, MISSOURI
First Quarter of 2022
CENTRAL BK OF ST LOUIS
CLAYTON, MISSOURI
First Quarter of 2022
CENTRAL TR BK
JEFFERSON CITY, MISSOURI
First Quarter of 2022
COMMUNITY FNCL SVC BK
BENTON, KENTUCKY
First Quarter of 2022
FARMERS & MERCHANTS BK
STUTTGART, ARKANSAS
First Quarter of 2022
FINANCIAL FED BK
MEMPHIS, TENNESSEE
First Quarter of 2022
MIDWEST BANKCENTRE
SAINT LOUIS, MISSOURI
First Quarter of 2022
PATRIOT BK
MILLINGTON, TENNESSEE
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FINANCIAL SERVICES OF
LOWRY, INC.
CIC
The Peter J. Nelson Trust that is in
formation - Kari A.M. Nelson, Trustee,
both of Glenwood, Minnesota, to acquire
shares of Financial Services of Lowry, Inc.
("FSLI"), Lowry, Minnesota and thereby
join the Nelson-Martinson family
shareholder group acting in concert that
collectively controls 25% or more of the
shares and thereby controls FSLI. FSLI
controls Lowry State Bank, Lowry,
Minnesota and First National Bank of
Osakis, Osakis, Minnesota.
Newspaper:
Not available
Federal Register:
09/07/2021
MINNESOTA COMMUNITY
BANCSHARES, INC.
CIC
Daniel Otten, Hayward, Minnesota, to
retain voting shares of Minnesota
Community Bancshares, Inc., Albert Lea,
Minnesota (MCBI), and thereby indirectly
retain voting shares of Arcadian Bank,
Hartland, Minnesota (Bank). Additionally,
Tony Kermes, Hayward, Minnesota, to
acquire voting shares of MCBI, and join
the Otten Family Control Group, a group
acting in concert, and thereby indirectly
acquire voting shares of Bank.
Newspaper:
Not available
Federal Register:
09/03/2021
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
450959
SECURITY FNCL BK, DURAND, WISCONSIN
03/29/2021
08/16/2021
O
Int Small Bank
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
CITIZENS B&TC
BIG TIMBER, MONTANA
Fourth Quarter of 2021
WELCOME ST BK
WELCOME, MINNESOTA
Fourth Quarter of 2021
CHARTER BK
EAU CLAIRE, WISCONSIN
First Quarter of 2022
FIRST INTRST BK
BILLINGS, MONTANA
First Quarter of 2022
FIRST WESTERN B&TC
MINOT, NORTH DAKOTA
First Quarter of 2022
PROFINIUM
TRUMAN, MINNESOTA
First Quarter of 2022
YELLOWSTONE BK
LAUREL, MONTANA
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 10
Federal Reserve Bank of Kansas City
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
CEDAR RAPIDS STATE
COMPANY
CIC
Kathleen Sullivan, Cedar Rapids,
Nebraska, to acquire voting shares of
Cedar Rapids State Company, and thereby
indirectly acquire voting shares of Cedar
Rapids State Bank, both of Cedar Rapids,
Nebraska, and to join the Sullivan Family
Group.
Newspaper:
08/18/2021
Federal Register:
08/19/2021
Employee Stock Ownership Plan * 3A1
Accounts Trust of the Security
Bank KSOP & Trust
Employee Stock Ownership Plan Accounts
Trust of the Security Bank KSOP & Trust,
Laurel, Nebraska, to become a bank
holding company through the acquisition
of 31.3 percent of the voting shares of First
Laurel Security Co., parent of Security
Bank, both of Laurel, Nebraska.
Newspaper:
Not available
Federal Register:
Not available
TRI VALLEY BANCSHARES, * 3A3
INC.
Tri Valley Bancshares, Inc., Talmage,
Nebraska; to acquire First State Bank,
Scottsbluff, Nebraska.
Newspaper:
Not available
Federal Register:
09/02/2021
* Subject to the provisions of the Community Reinvestment Act
District: 10
Federal Reserve Bank of Kansas City
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
BANK OF CMRC
RAWLINS, WYOMING
Fourth Quarter of 2021
BANK7
OKLAHOMA CITY, OKLAHOMA
Fourth Quarter of 2021
FIRST NORTHERN BK OF WY
BUFFALO, WYOMING
Fourth Quarter of 2021
FIRST WESTROADS BK
OMAHA, NEBRASKA
Fourth Quarter of 2021
FIRSTBANK
LAKEWOOD, COLORADO
Fourth Quarter of 2021
FIVE POINTS BK
HASTINGS, NEBRASKA
Fourth Quarter of 2021
MNB BK
MCCOOK, NEBRASKA
Fourth Quarter of 2021
UINTA BK
MOUNTAIN VIEW, WYOMING
Fourth Quarter of 2021
UNION ST BK
EVEREST, KANSAS
Fourth Quarter of 2021
WYOMING B&TC
CHEYENNE, WYOMING
Fourth Quarter of 2021
FNB WA
WASHINGTON, KANSAS
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FROST BANK
* Branch
Frost Bank, San Antonio, Texas to
establish a branch located at 2051 West
Airport Freeway, Euless, Texas 76040
Newspaper:
08/26/2021
Federal Register:
Not applicable
Notice under the Change in Bank Control
Act ("CIBCA") by Security State Bank &
Trust ("Bank"), Fredericksburg, Texas, to
retain control of voting the shares of
Security Holding Company ("Company"),
Fredericksburg, Texas, as co-trustee of the
Kathleen Keller 2016 Trust, Blanco
County, Texas, and the Kay Durst Family
2016 Trust, Gillespie County, Texas,
which owns Company stock and thereby
indirectly owns Bank. Additionally, the
Elliott Gage Hayne GST Trust, Elliott
Gage Hayne, as Trustee; the James L.
Hayne, Jr. GST Trust, James L. Hayne, Jr.
, as Trustee; the Nancy Elliott Hayne GST
Trust, Nancy Elliott Hayne, as Trustee; the
Walter Catto Hayne GST Trust, and Walter
Catto Hayne, as Trustee; all of San
Antonio, Texas, have provided notification
to join other members of the
Bonnen/Durst/Hayne/Igler/Keller/Kemp/L
eJeune/Loth control group, a group acting
in concert, previously cleared by the
Federal Reserve Board under CIBCA on
June 15, 2015, or January 13, 2017, to
retain 25 percent or more of the shares of
Company and indirectly Bank
Newspaper:
08/31/2021
Federal Register:
08/30/2021
Application by Woodforest Financial
Group Employee Stock Ownership Plan
(with 401(k) Provisions) (Amended and
Restated Effective January 1, 2016), and
the related Woodforest Financial Group
Employee Stock Ownership Trust, to
acquire up to 32 percent of Woodforest
Financial Group, Inc., all of The
Woodlands, Texas, and indirectly acquire
Woodforest National Bank, The
Woodlands, Texas
Newspaper:
Not available
Federal Register:
09/13/2021
SECURITY HOLDING
COMPANY
CIC
WOODFOREST FINANCIAL * 3A3
GROUP EMPLOYEE STOCK
OWNERSHIP PLAN (WITH
401(K) PROVISIONS)
(AMENDED AND RESTATED
EFF. 01/01/16)
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
BANK & TR SSB
DEL RIO, TEXAS
Fourth Quarter of 2021
CIERA BK
GRAHAM, TEXAS
Fourth Quarter of 2021
CROWELL ST BK
CROWELL, TEXAS
Fourth Quarter of 2021
FIRST ST BK
ABILENE, TEXAS
Fourth Quarter of 2021
UNITED TX BK
DALLAS, TEXAS
Fourth Quarter of 2021
FIRST ST BK OF LIVINGSTON
LIVINGSTON, TEXAS
First Quarter of 2022
SUSSER BK
BEDFORD, TEXAS
First Quarter of 2022
TEXAS FIRST BK
TEXAS CITY, TEXAS
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
District: 12
Federal Reserve Bank of San Francisco
Filings received during the week ending August 21, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
TRICO BANCSHARES
* 3A3
TriCo Bancshares, Chico, California, to
acquire Valley Republic Bancorp, and
thereby indirectly acquire Valley Republic
Bank, both of Bakersfield, California,
pursuant to sections 3(a)(3) and 3(a)(5) of
the Bank Holding Company Act.
Newspaper:
09/06/2021
Federal Register:
09/13/2021
* 3A5
* Subject to the provisions of the Community Reinvestment Act
District: 12
Federal Reserve Bank of San Francisco
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE
CRA Examinations scheduled for Fourth Quarter of 2021 (October 1, 2021 - December 31, 2021) First Quarter of 2021 (January 1, 2022 - March 31, 2022)
Institution
Location
Quarter
FARMERS & MRCH BK
LONG BEACH, CALIFORNIA
Fourth Quarter of 2021
WESTERN ALLI BK
PHOENIX, ARIZONA
Fourth Quarter of 2021
COASTAL CMNTY BK
EVERETT, WASHINGTON
First Quarter of 2022
UNITED BUS BK
WALNUT CREEK, CALIFORNIA
First Quarter of 2022
* Subject to the provisions of the Community Reinvestment Act
@FedFRASER