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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. 32
Week Ending August 7, 2021
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
August 1, 2021 to August 7, 2021
Supervision and Regulation
Stress tests -- (1) affirming the stress capital buffer requirement for HSBC North
America Holdings, Inc., in response to its request for reconsideration and
(2) directing staff to conduct a closer examination of issues raised in the
reconsideration process to inform continuing improvements in the stress testing
methodology.
- Approved, August 5, 2021
Enforcement
Commercial Bank, Harrogate, Tennessee -- consent order of assessment of a civil
money penalty pursuant to the National Flood Insurance Act.
- Announced, August 3, 2021
JPMorgan Chase & Co., New York, New York -- cease-and-desist order dated
May 20, 2015, terminated August 3, 2021.
- Announced, August 5, 2021
Regions Bank, Birmingham, Alabama -- consent order of prohibition against Kristyn
Kelly, a former institution-affiliated party.
- Announced, August 3, 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 1, 2021 to August 7, 2021
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
Atlanta
Bank Independent, Sheffield, Alabama -- to establish a branch on South Memorial
Parkway, Huntsville, Alabama.
- Approved, August 5, 2021
Secretary
Centennial Bank, Conway, Arkansas -- to establish a branch at 690 Bald Eagle Drive,
Marco Island, Florida.
- Approved, August 6, 2021
Chicago
Lake City Bank, Warsaw, Indiana -- to establish a branch at 2608 California Road,
Elkhart, Indiana.
- Approved, August 4, 2021
Bank Holding Companies
Minneapolis
Glacier Bancorp, Inc., Kalispell, Montana -- waiver of application to acquire
Altabancorp and indirectly acquire Altabank, both of American Fork, Utah, in
connection with the merger of Altabank with and into Glacier Bank, Kalispell,
Montana.
- Granted, August 4, 2021
(A/C) = Addition or Correction
Delegated - 1 of
6
H.2
Actions under delegated authority
August 1, 2021 to August 7, 2021
Bank Holding Companies
Boston
TruNorth Bancorp, MHC, and TruNorth Bancorp, Inc., both of North Brookfield,
Massachusetts -- to become a mutual bank holding company and a stock bank
holding company, respectively, by acquiring North Brookfield Savings Bank, North
Brookfield, Massachusetts.
- Approved, August 2, 2021
Bank Mergers
Atlanta
Regions Bank, Birmingham, Alabama -- to merge with EnerBank USA, Salt Lake
City, Utah, and thereby establish a branch at the main office of EnerBank USA.
- Approved, August 4, 2021
Banks, State Member
Secretary
Silicon Valley Bank, Santa Clara, Florida -- to make a public welfare investment.
- Approved, August 5, 2021
(A/C) = Addition or Correction
Delegated - 2 of
6
H.2
Actions under delegated authority
August 1, 2021 to August 7, 2021
Change in Bank Control
Chicago
Community Bank Corp., Park Ridge, Illinois -- the Thomas E. Carter, Sr. Trust,
Thomas E. Carter, Sr., individually, and Allison M. Carter, individually, as cotrustees, both of Park Ridge, Illinois; the Allison M. Carter Trust, Allison M. Carter,
individually, and Thomas E. Carter, Sr., individually, as co-trustees, both of Park
Ridge, Illinois; Gwen M. Carter, Park Ridge, Illinois; Joseph G. Carter, Arlington
Heights, Illinois; Louis J. Carter, Chicago, Illinois; Mack N. Carter, Park Ridge,
Illinois; Mary C. Carter Seidel, Apex, North Carolina; Paul P. Carter, Chicago,
Illinois; Samuel K. Carter, Park Ridge, Illinois; Sarah J. Carter, Park Ridge, Illinois;
Thomas E. Carter, Jr., Park Ridge, Illinois; certain minor children in the Carter
family, all of Park Ridge, Illinois; and Geoffrey Yerke, Chicago, Illinois, to form the
Carter Family Control Group, to retain voting shares of Community Bank Corp. and
thereby indirectly retain voting control of Park Ridge Community Bank, Park Ridge,
Illinois.
- Permitted, August 6, 2021
Kansas City
Emerald Bank, Burden, Kansas -- Jason D. Catlin, Dexter, Kansas, to acquire voting
shares of Emerald Bank and join the Catlin Family Group, a group acting in concert.
- Permitted, August 5, 2021
Kansas City
Emerald Bank, Burden, Kansas -- Michael H. Slack and Janice K. Slack, Oxford,
Kansas, individually and as members of the Catlin Family Group, a group acting in
concert, to acquire additional voting shares of Emerald Bank.
- Permitted, August 5, 2021
(A/C) = Addition or Correction
Delegated - 3 of
6
H.2
Actions under delegated authority
August 1, 2021 to August 7, 2021
Change in Bank Control
Chicago
Goodenow Bancorporation, Okoboji, Iowa -- Abigail Goodenow, West Des Moines,
Iowa; Nicholas Goodenow, Okoboji, Iowa; John M. Blum, Centennial, Colorado; and
Katie Blum Cone, Storm Lake, Iowa, to join the Goodenow Family Control Group, a
group acting in concert, to retain voting shares of Goodenow Bancorporation and
thereby indirectly retain voting shares of Bank Midwest, Spirit Lake, Iowa.
- Permitted, August 5, 2021
Extensions of Time
New York
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs,
New York -- extension to November 6, 2021, to acquire additional shares of
473 Broadway Holding Corporation and of The Adirondack Trust Company, both of
Saratoga Springs, New York.
- Granted, August 2, 2021
Atlanta
Catalyst Bancorp, Inc., Opelousas, Louisiana -- extension to November 4, 2021, to
become a bank holding company by acquiring St. Landry Homestead Federal
Savings Bank (Savings Bank), Opelousas, Louisiana, in connection with the mutualto-stock conversion of Savings Bank.
- Granted, August 5, 2021
(A/C) = Addition or Correction
Delegated - 4 of
6
H.2
Actions under delegated authority
August 1, 2021 to August 7, 2021
Extensions of Time
St. Louis
The Central Trust Bank, Jefferson City, Missouri -- extension to November 28, 2021,
(1) to merge with Central Bank of Audrain County, Mexico; Central Bank of Boone
County, Columbia; Central Bank of Branson, Branson; Central Bank of Lake of the
Ozarks, Osage Beach; Central Bank of Moberly, Moberly; Central Bank of Sedalia,
Sedalia; Central Bank of St. Louis, Clayton; Central Bank of the Midwest, Lee's
Summit; Central Bank of the Ozarks, Springfield; Central Bank of Warrensburg,
Warrensburg; Jefferson Bank of Missouri, Jefferson City, all of Missouri, and with
Central Bank of Oklahoma, Tulsa, Oklahoma, and (2) to retain the acquired facilities
as branches.
- Granted, July 30, 2021
(A/C)
Secretary
Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers
Through Fedwire (Regulation J) -- extension of the comment period to September 9,
2021, for the notice of proposed rulemaking on amendments to govern funds
transfers through the Federal Reserve Banks' new FedNow Service and make other
clarifying and technical changes.
- Granted, July 30, 2021
(A/C)
Director, S&R
Morgan Stanley, New York, New York -- extension of time to conform or divest a
merchant banking investment.
- Granted, July 28, 2021
(A/C)
St. Louis
The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas -extension to November 13, 2021, to acquire additional shares of Southeast Financial
Bankstock Corp. and thereby increase its indirect control of McGehee Bank, both of
McGehee, Arkansas.
- Granted, August 4, 2021
(A/C) = Addition or Correction
Delegated - 5 of
6
H.2
Actions under delegated authority
August 1, 2021 to August 7, 2021
Regulations and Policies
Chair
Lending and liquidity facilities -- reports to Congress pursuant to section 13(3) of the
Federal Reserve Act in response to COVID-19.
- Approved, August 7, 2021
(A/C) = Addition or Correction
Delegated - 6 of
6
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending August 7, 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:
Not available
Federal Register:
09/08/2021
EASTERN BANKSHARES
INC
* 3A3
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
READING CO-OPERATIVE
BANK
* 18C
Reading Cooperative Bank, Reading,
Massachusetts, files an Interagency Bank
Merger Act application for the purchase
and assumption of two branches located at
400 Broadway, Lynn and 28 Nahant Road,
Nahant both in Massachusetts, from
Coastal Heritage Bank, Weymouth,
Massachusetts, pursuant to Section 18(c) of
the Federal Deposit Insurance Act.
Newspaper:
Not available
Federal Register:
Not applicable
VANGUARD GROUP, INC.
CIC
Notification submitted by The Vanguard
Group, Inc., Malvern, PA, 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 (the "Vanguard
funds"), for the Vanguard funds to increase
the aggregate ownership position of the
Vanguard funds to more than 15 percent of
the common stock of Independent Bank
Corp., parent of Rockland Trust Company,
both of Rockland, Massachusetts.
Newspaper:
08/08/2021
Federal Register:
08/18/2021
* 3A5
* Branch
* 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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 2
Federal Reserve Bank of New York
Filings received during the week ending August 7, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 3
Federal Reserve Bank of Philadelphia
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
COLUMBIA BANK MHC
4c8
Columbia Bank MHC and Columbia
Financial, Inc., parent holding companies
of Columbia Bank, a federal savings bank
that has made an election to operate as a
"Covered Savings Association", all of Fair
Lawn, NJ, to acquire Freehold MHC and
Freehold Bancorp, respectively, and to
indirectly acquire and operate Freehold
Bank, all of Freehold, NJ, pursuant to
Section 4(c)(8) of the Bank Holding
Company Act, following the conversion of
Freehold Bank from a state savings bank to
a federal savings association.
Newspaper:
Not applicable
Federal Register:
09/09/2021
Rhodium BA Holdings, LLC, New York,
NY to become a savings and loan holding
company by acquiring Sunnyside Bancorp,
Inc., and indirectly acquire Sunnyside
Federal Savings and Loan Association of
Irvington, both of Irvington, NY.
Newspaper:
09/10/2021
Federal Register:
09/03/2021
RHODIUM BA HOLDINGS,
LLC
* SLHC
Formation
* Subject to the provisions of the Community Reinvestment Act
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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 4
Federal Reserve Bank of Cleveland
Filings received during the week ending August 7, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 5
Federal Reserve Bank of Richmond
Filings received during the week ending August 7, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 6
Federal Reserve Bank of Atlanta
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
SMARTBANK
* Branch
SmartBank, Pigeon Forge, Tennessee, to
establish a branch located at 3704 Dauphin
St, Mobile, AL 36608.
Newspaper:
08/19/2021
Federal Register:
Not applicable
* 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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BANK MICHIGAN
FINANCIAL
* 3A1
Bank Michigan Financial, Brooklyn,
Michigan, to become a bank holding
company by acquiring Bank Michigan,
Brooklyn, Michigan.
Newspaper:
Not available
Federal Register:
Not available
DRAKE HOLDING
COMPANY
CIC
Notice by the Richard R. Drake Family
Trust - B, Radcliffe, Iowa, with Cynthia A.
Shirar, Marshalltown, Iowa, Edwin A.
Drake, West Des Moines, Iowa, and Bryan
S. Drake, Radcliffe, Iowa, all individually
and as co trustees, to join the Drake Family
Control Group, a group acting in concert,
to retain voting shares of Drake Holding
Company, and indirectly retain voting
shares of Security State Bank, both of
Radcliffe, Iowa.
Newspaper:
08/02/2021
Federal Register:
08/04/2021
FIRST BANCORP OF
TAYLORVILLE, INC.
* 3A5
First Bancorp of Taylorville, Inc.,
Taylorville, Illinois to merge with
Mackinaw Valley Financial Services, Inc.
and thereby indirectly acquire First
Security Bank, both of Mackinaw, Illinois.
Newspaper:
07/25/2021
Federal Register:
09/03/2021
LAKE CITY BANK
* Branch
Lake City Bank, Warsaw, Indiana, to
establish a branch bank at 2608 California
Road, Room 8102, Elkhart, Indiana 46514.
Newspaper:
Not available
Federal Register:
Not applicable
MILLEDGEVILLE BANCORP, CIC
INC.
Notice by Cheryl Allen, Sterling, Illinois;
Gregg DeVries, Byron, Illinois; Sandra K.
DeVries Trust, Sandra K. Devries, as
trustee, both of Milledgeville, Illinois; and
Roger P. DeVries Trust, Roger P. DeVries,
as trustee, both of Milledgeville, Illinois, as
a group acting in concert to retain and
acquire 10 percent or more of the voting
shares of Milledgeville Bancorp, Inc., and
thereby indirectly control Milledgeville
State Bank, both of Milledgeville, Illinois.
In addition, Edward M. Tyne, Polo,
Illinois; Kay F. Tyne, Polo, Illinois;
Margaret A. Tyne, Polo, Illinois; and
Courtney Tyne, Washington, D.C., as a
group acting in concert to retain and
acquire 25 percent or more of the voting
shares of Milledgeville Bancorp, Inc., and
thereby indirectly control Milledgeville
State Bank, both of Milledgeville, Illinois.
Newspaper:
Not available
Federal Register:
08/24/2021
NICOLET BANKSHARES,
INC.
Nicolet Bankshares, Inc., Green Bay,
Wisconsin, to merge with County Bancorp
Inc., Manitowoc, Wisconsin, and thereby
indirectly acquire Investors Community
Bank, Manitowoc, Wisconsin.
Newspaper:
08/18/2021
Federal Register:
08/25/2021
* 3A5
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
NORTH SHORE, MHC
MHC Activity
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
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
Notice by the Brian Herbstritt Revocable
Trust, Chicago, Illinois, Brian Herbstritt, as
trustee, River Forest, Illinois; the Deborah
Herbstritt Revocable Trust, Chicago,
Illinois, Deborah Maloney, as trustee,
River Forest, Illinois; and the Amy
Reardon Revocable Trust, Chicago,
Illinois, Amy Reardon as Trustee, River
Forest, Illinois to join the Herbstritt Family
Control Group, a group acting in concert,
to retain voting shares of Schaumburg
Bancshares, and thereby indirectly retain
voting shares of Heritage Bank of
Schaumburg, both of Schaumburg, Illinois.
Newspaper:
08/05/2021
Federal Register:
08/03/2021
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
OTTAWA BANCORP, INC.
* 3A1
SCHAUMBURG
BANCSHARES, INC.
CIC
WOODTRUST FINANCIAL
CORPORATION
CIC
* 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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 8
Federal Reserve Bank of St. Louis
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BOYLE BANCORP, INC.
CIC
Notice by The Peter Mahurin Revocable
Trust, Peter Mahurin, Trustee, Bowling
Green, Kentucky, and Sarah J. Mahurin,
New Haven, Connecticut, to retain 10
percent or more of the voting shares of
Boyle Bancorp, Inc., Danville, Kentucky.
Newspaper:
08/16/2021
Federal Register:
08/19/2021
Pine Knob Holdings, LLC, Bowling Green,
Kentucky, to become a bank holding
company by acquiring 48.14 percent of
First Cecilian Bancorp, Inc., Cecilia,
Kentucky, and thereby indirectly acquire
Cecilian Bank, Cecilia, Kentucky; 35.52
percent of Albany Bancorp, Inc., Albany,
Kentucky, and thereby indirectly acquire
First & Farmers National Bank, Somerset,
Kentucky; 16.36 percent of Jackson
Financial Corporation, Mayfield,
Kentucky, and thereby indirectly acquire
FNB Bank, Inc., Mayfield, Kentucky.
Newspaper:
08/27/2021
Federal Register:
09/03/2021
PINE KNOB HOLDINGS, LLC * 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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
CNB FINANCIAL
CORPORATION
CIC
The Beth S. Schnell Revocable Trust,
Orono, Minnesota - Beth S. Schnell,
Trustee, Orono, Minnesota, as a member of
the Sparboe family shareholder
group acting in concert, to retain 25
percent or more of the shares and thereby
control of CNB Financial Corporation,
Litchfield, Minnesota.
CNB Financial Corporation controls
Center National Bank, Litchfield,
Minnesota.
Newspaper:
08/11/2021
Federal Register:
08/23/2021
FIRST BANK OF BALDWIN,
THE
* Branch
The First Bank of Baldwin, Baldwin,
Wisconsin, to establish a branch facility at
327 3rd Avenue, Clear Lake, Wisconsin.
Newspaper:
08/12/2021
Federal Register:
Not applicable
IPSWICH COMMUNITY
BANCSHARES, INC.
CIC
Patty Beyers, Roscoe, South Dakota, to
retain voting shares of Ipswich Community
Bancshares, Inc. and thereby indirectly
retain voting shares of Ipswich State Bank,
both of Ipswich, South Dakota.
Newspaper:
08/17/2021
Federal Register:
Not available
SAUK CENTRE FINANCIAL
SERVICES, INC.
CIC
Allan C. Minnerath, Alexandria,
Minnesota, individually and as trustee of
the Scott A. Minnerath Sauk Centre Trust
under the James J. Minnerath Revocable
Trust under agreement dated November 8,
2012, as amended; the Rachel K.
Minnerath Sauk Centre Trust under the
James J. Minnerath Revocable Trust under
agreement dated November 8, 2012, as
amended; and the Ryan J. Minnerath Sauk
Centre Trust under the James J. Minnerath
Revocable Trust under agreement dated
November 8, 2012, as amended, all of
Alexandria, Minnesota, (co-trustees of the
trusts, Mark W. Greiner, Tonka Bay,
Minnesota, and John A. Minnerath,
Alexandria, Minnesota) to retain additional
voting shares of Sauk Centre Financial
Services, Inc. and thereby indirectly retain
additional voting shares of Minnesota
National Bank, both of Sauk Centre,
Minnesota.
Newspaper:
08/11/2021
Federal Register:
08/19/2021
* 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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 10
Federal Reserve Bank of Kansas City
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
COMMUNITY CAPITAL
BANCORP, INC.
* 3A1
Community Capital Bancorp, Inc., Sour
Lake, Texas, to become a bank holding
company by acquiring First Security Bank,
Beaver, Oklahoma.
Newspaper:
08/30/2021
Federal Register:
09/07/2021
EQUITY BANK
* 18C
Equity Bank, Andover, Kansas, to
purchase certain assets and assume certain
liabilities of the branches of Security Bank
of Kansas City, Kansas City, Kansas,
located at 602 Edmond Street, St. Joseph,
Missouri; 401 N. Woodbine Road, St.
Joseph, Missouri; and 5348 Lake Avenue,
St. Joseph, Missouri; and incident thereto,
to establish three branches.
Newspaper:
Not available
Federal Register:
Not applicable
Tri Valley Bancshares, Inc., Talmage,
Nebraska; to acquire First State Bank,
Scottsbluff, Nebraska.
Newspaper:
Not available
Federal Register:
09/02/2021
* Branch
TRI VALLEY BANCSHARES, * 3A3
INC.
* 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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
ALBANY BANCSHARES,
INC.
CIC
Jon Rex Jones; the Jon Rex Jones Dynasty
Trust, Jon Rex Jones, Jr. and Brenda
Wilkinson Jones, as co-trustees; the Jon
Rex Jones Jr. Dynasty Trust, Brenda
Wilkinson Jones, as trustee; the Jon Rex
Jones, Jr. Trust V, Jon Rex Jones, Jr., as
trustee; the Debora L. Jones Trust V and
the Julie Ann Jarvis Trust V, Julie Ann
Jarvis, as trustee to both trusts; and the
Stephen Martin Jones Trust V, Stephen
Martin Jones, as trustee, all of Austin,
Texas; as a group acting in concert to
retain voting shares of Albany Bancshares,
Inc. and indirectly retain voting shares of
First National Bank of
Albany/Breckenridge, both of Albany,
Texas. Additionally, Jon Rex Jones, Jr., in
his capacity as proxy with power to
exercise the largest block of voting shares,
to acquire additional voting shares of
Albany Bancshares and thereby indirectly
acquire voting shares of First National
Bank of Albany/Breckenridge.
Newspaper:
08/27/2021
Federal Register:
08/18/2021
CAPITAL BANCORP, INC.
CIC
Retroactive notice under the Change in
Bank Control Act filed by Lawrence W.
Pickett of Monroe, LA, individually, and
Lawrence W. Pickett, Dana Dosher
DeGravelle, Marilyn Pickett Worsley,
Rock W. Worsley, Lauren P. Davis,
Pamela J. Pickett, Benjamin Clark Burch,
an individual identified as Minor A and an
individual identified as Minor B, each of
Monroe, LA, Amanda Dosher Arledge of
West Monroe, LA, Adam L. Pickett of San
Francisco, CA, De-Ette Copes and Lonnie
L. Copes of Delhi, LA, Charles E. Hixon,
Jr. and Anne Ruth Hixon of Rayville, LA,
Bonnie R. Holley and Willie R. Holley of
Epps, LA, David Wesley Sullivan of
Pioneer, LA, and Joshua D. Sullivan of
New Orleans, LA, collectively a group
acting in concert, have applied for
permission to retain a controlling interest
in the outstanding shares of common stock
of Capital Bancorp, Inc., Delhi, Louisiana.
Capital Bancorp, Inc. controls Commercial
Capital Bank, Delhi, Louisiana.
Newspaper:
Not available
Federal Register:
06/11/2021
Barkat Ali, Southlake, Texas, Kevin
Johnston, Pantego, Texas, Mike Farhat,
Southlake, Texas, Judy Han, Houston,
Texas, Wea Lee, Houston, Texas, Young
Yoo, Dallas, Texas, Jeung-Ho Park, Irving,
Texas, and Mihir Patel, Coppell, Texas, as
a group acting in concert, to control
Riverbend Financial Corporation, and
Spectra Bank, both of Fort Worth, Texas
Newspaper:
Not available
Federal Register:
08/13/2020
RIVERBEND FINANCIAL
CORPORATION
CIC
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
SECURITY HOLDING
COMPANY
CIC
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:
Not available
Federal Register:
Not available
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:
Not available
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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 12
Federal Reserve Bank of San Francisco
Filings received during the week ending August 7, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
COLUMBIA BANKING
SYSTEM, INC.
* 3A3
Columbia Banking System, Inc., Tacoma,
Washington, to acquire Bank of Commerce
Holdings, and thereby indirectly acquire
Merchants Bank of Commerce, both of
Sacramento, California, pursuant to
sections 3(a)(3) and 3(a)(5) of the Bank
Holding Company Act.
Newspaper:
08/25/2021
Federal Register:
09/07/2021
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:
Not available
Federal Register:
Not available
* 3A5
* 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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
@FedFRASER