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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. 4
Week Ending January 22, 2022
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
January 16, 2022 to January 22, 2022
Forms
Forms -- initial Board review to extend with revision the Application to Become a
Savings and Loan Holding Company or to Acquire a Savings Association or Savings
and Loan Holding Company (FR LL-10(e)); initial Board review to extend without
revision the Notice of Proposed Declaration of Dividend (FR 1583), Notice Claiming
Status as an Exempt Transfer Agent (FR 4013), and Recordkeeping Provisions
Associated with the Interagency Statement on Complex Structured Finance Activities
(FR 4022); and final Board review to extend with revision the Weekly Report of
Selected Assets and Liabilities of Domestically Chartered Commercial Banks and
U.S. Branches and Agencies of Foreign Banks (FR 2644) and Disclosure
Requirements of Subpart H of Regulation H (Consumer Protection in Sales of
Insurance) (FR H-7).
- Approved, January 18, 2022
Forms -- final Board review to extend with revision the Report of Selected Money
Market Rates (FR 2420).
- Approved, January 18, 2022
Other Actions
U.S. Central Bank Digital Currency (CBDC) -- discussion paper on the pros and cons
of a potential U.S. CBDC and invitation for public comment.
- Published, January 20, 2022
Personnel
Division of Monetary Affairs -- appointment of Andrew Meldrum as assistant
director.
- Announced, January 19, 2022
(A/C) = Addition or Correction
Board - Page 1 of
2
H.2
Board Actions
January 16, 2022 to January 22, 2022
Enforcement
Allegiant United Holdings, LLC; Nano Financial Holdings, Inc.; and Nano Banc,
all of Irvine, California -- issuance of a consent cease-and-desist order.
- Announced, January 18, 2022
Iowa Prairie Bank, Brunsville, Iowa -- written agreement dated April 20, 2021,
terminated January 4, 2022.
- Announced, January 18, 2022
Manufacturers and Traders Trust Company, Buffalo, New York -- consent order of
prohibition against Tylifa A. Milton, a former institution-affiliated party.
- Announced, January 20, 2022
Mariner's Bancorp, Edgewater, New Jersey -- written agreement dated May 25, 2012,
terminated January 6, 2022.
- Announced, January 18, 2022
(A/C) = Addition or Correction
Board - Page 2 of
2
H.2
Actions under delegated authority
S&R Supervision and Regulation
C&CA Consumer and Community Affairs
FOMC Federal Open Market Committee
January 16, 2022 to January 22, 2022
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
St. Louis
Arvest Bank, Fayetteville, Arkansas -- to establish a branch at the corner of
Highway 49 and Canera Drive, Jonesboro, Arkansas.
- Approved, January 21, 2022
St. Louis
Encore Bank, Little Rock, Arkansas -- to establish a branch at 1859 Summerville
Avenue, Charleston, South Carolina.
- Approved, January 19, 2022
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 2515 Inwood Road,
Dallas, Texas.
- Approved, January 18, 2022
Bank Holding Companies
San Francisco
American Riviera Bancorp, Santa Barbara, California -- to become a bank holding
company by acquiring American Riviera Bank, Santa Barbara, California.
- Approved, January 21, 2022
Kansas City
BancFirst Corporation, Oklahoma City, Oklahoma -- to acquire Worthington National
Bank, Arlington, Texas.
- Approved, January 20, 2022
(A/C) = Addition or Correction
Delegated - 1 of
2
H.2
Actions under delegated authority
January 16, 2022 to January 22, 2022
Bank Holding Companies
Atlanta
Business First Bancshares, Inc., Baton Rouge, Louisiana -- to merge with Texas
Citizens Bancorp, Inc., Pasadena, Texas, and thereby acquire its subsidiary,
Texas Citizens Bank, N.A., Pasadena, Texas.
- Approved, January 20, 2022
San Francisco
SoFi Technologies, Inc.; Social Finance, Inc.; and Gemini Merger Sub, Inc., all of
San Francisco, California -- (1) to become bank holding companies by acquiring
Golden Pacific Bancorp, Inc., and thereby indirectly acquiring Golden Pacific Bank,
National Association, both of Sacramento, California, and (2) elections by SoFi
Technologies, Inc., and Social Finance, Inc., to become financial holding companies.
- Approved, January 18, 2022
Banks, State Member
St. Louis
First Bank, Creve Coeur, Missouri -- to make a public welfare investment.
- Approved, January 19, 2022
San Francisco
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, January 11, 2022
(A/C)
(A/C) = Addition or Correction
Delegated - 2 of
2
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
NEEDHAM BANK
* 18C
Needham Bank, Needham, Massachusetts,
files an Interagency Bank Merger Act
application for the purchase and
assumption of certain assets and liabilities
of Eastern Bank, Boston, Massachusetts,
and to establish a branch located at 400
Mystic Avenue, Medford, Massachusetts,
pursuant to Section 18(c) of the Federal
Deposit Insurance Act and Section 208.6 of
Regulation H.
Newspaper:
02/15/2022
Federal Register:
Not applicable
* 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
Exam Method
699105
BLUESTONE BK, RAYNHAM, MASSACHUSETTS
08/02/2021
01/20/2022
S
Int Small Bank
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
District: 2
Federal Reserve Bank of New York
Filings received during the week ending January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
CITIBANK, N.A.
Other Foreign
Citibank Overseas Investment Corporation,
New Castle, Delaware, an Edge
Corporation, to amend its Articles of
Association pursuant to Section 211.5(c)(1)
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
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 January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
OCEANFIRST FINANCIAL
CORP.
* 3A3
OceanFirst Financial Corp., Toms River,
NJ ("Corp"), to acquire Partners Bancorp,
Salisbury, MD ("Bancorp"), and thereby
indirectly acquire Bancorp's two subsidiary
banks, Bank of Delmarva, Seaford, DE and
Virginia Partner Bank, Fredericksburg, VA,
through their merger with and into
OceanFirst Bank, Toms River, NJ, a wholly
owned subsidiary of the Corp.
Newspaper:
Not available
Federal Register:
02/25/2022
* 3A5
* 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 January 22, 2022
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 January 22, 2022
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
Exam Method
2915461
NORTH ST BK, RALEIGH, NORTH CAROLINA
08/16/2021
01/15/2022
S
Int Small Bank
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
District: 6
Federal Reserve Bank of Atlanta
Filings received during the week ending January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
SYNOVUS BANK
PWI
Synovus Bank, Columbus, Georgia,
request for blanket approval to make public
welfare investments equal to up to 15% of
its capital plus surplus.
Newspaper:
Not applicable
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 January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
BANK OF MONTREAL
* 3A3
Bank of Montreal, Montreal, Quebec,
Canada and BMO Financial Corp.,
Wilmington, Delaware to acquire 100
percent of the BancWest Holding Inc., San
Francisco, California, and thereby
indirectly acquire Bank of the West, San
Francisco, California. Following the share
acquisition, BMO Financial Corp.,
Wilmington, Delaware will merge with
BancWest Holding Inc., San Francisco,
California, with BMO Financial Corp
being the surviving entity.
Newspaper:
Not available
Federal Register:
Not available
CUSB Bank, Cresco, Iowa to purchase the
assets and assume the liabilities of the
Waverly and Shell Rock offices of Security
State Bank, Springville, IA, and thereby
establish branches at the following
locations: 933 16th Street SW, Waverly,
Iowa and 104 N Cherry Street, Shell Rock,
Iowa.
Newspaper:
Not available
Federal Register:
Not applicable
Jere M. Ahrens, Houston, Texas,
individually, and acting in concert with
Karen L. Ahrens, North Fort Myers,
Florida; Jessica A. Ahrens Bingaman, Fort
Worth, Texas; Jill A. Ahrens, Houston,
Texas; Lindsay S. Ahrens Dahl, Camp
Crook, South Dakota; Jenna K. Ahrens
Brown, Laramie, Wyoming; Becky C.
Campbell, Houston, Texas; and Brian E.
Campbell, San Diego, California, to join
the Ahrens Family Control Group and
retain the voting shares of HTB, Inc.,
Osage, Iowa. HTB, Inc. and thereby retain
the voting shares of Home Trust &
Savings Bank, Osage, Iowa.
Newspaper:
Not available
Federal Register:
02/04/2022
QCR Holdings, Inc., Moline, Illinois to
merge with Guaranty Federal Bancshares,
Inc., Springfield, Missouri. Concurrently,
Springfield First Community Bank,
Springfield, Missouri to merge with
Guaranty Bank, Springfield, Missouri and
thereby establish branches at the main
office and branch locations of Guaranty
Bank.
Newspaper:
Not available
Federal Register:
01/19/2022
* 3A5
CUSB BANK
* 18C
* Branch
HTB, INC.
QCR HOLDINGS, INC.
CIC
* 18C
* 3A5
* Branch
* 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
724744
GNB BK, GRUNDY CENTER, IOWA
11/01/2021
01/21/2022
S
Int Small Bank
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
District: 8
Federal Reserve Bank of St. Louis
Filings received during the week ending January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
FIRST WESTERN BANK
* Branch
First Western Bank, Booneville, Arkansas
to establish a branch facility at 3914
Massard Road, Fort Smith, Arkansas.
Newspaper:
01/31/2022
Federal Register:
Not applicable
Independence Bank of Kentucky, to
establish a branch facility to be located at
444 East Main Street, Suite 108,
Lexington, Kentucky.
Newspaper:
Not available
Federal Register:
Not applicable
INDEPENDENCE BANK OF
KENTUCKY
* Branch
* 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 January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
ALERUS FINANCIAL
CORPORATION
* 3A5
Alerus Financial Corporation, Grand
Forks, North Dakota; to merge with MPB
BHC, Inc., and thereby indirectly acquire
Metro Phoenix Bank, both of Phoenix,
Arizona.
Newspaper:
Not available
Federal Register:
02/14/2022
ANTLER LAND COMPANY
CIC
Ascent BanCorp, Helena, Montana; Minott
Pruyn, Missoula, Montana; Alan W.
Bradley, Christine A. N. Bradley,
individually and as custodian for the
benefit of certain minor children, all of
Hamilton, Montana; Kelcy Edwards,
individually and as custodian for the
benefit of certain minor children, all of
Hamilton, Montana; Patrick Haffner,
Frenchtown, Montana; Daniel Schneiter,
Missoula, Montana; Haley Bradley,
individually and as custodian for the
benefit of a certain minor child, Missoula,
Montana; Charles Shonkwiler, Hamilton,
Montana; and Daniel Wilcox, Corvallis,
Montana, a group acting in concert with
Bitterroot Holding Company, Lolo,
Montana, to acquire voting shares of Antler
Land Company and thereby indirectly
acquire voting shares of Little Horn State
Bank, both of Hardin, Montana.
Newspaper:
Not available
Federal Register:
Not available
Scott D. Hewitt, to acquire voting shares of
Dorset Bancshares, Inc., and thereby
indirectly acquire voting shares of
Northwoods Bank of Minnesota, all of
Park Rapids, Minnesota.
Newspaper:
Not available
Federal Register:
Not available
DORSET BANCSHARES, INC. CIC
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
LEACKCO BANK HOLDING
COMPANY, INC.
CIC
Scott A. Erickson and Matthew P. Bock,
both of Sioux Falls, South Dakota, to retain
voting shares of Leackco Bank Holding
Company, Inc. (Leackco), Huron, South
Dakota, and thereby indirectly retain shares
of American Bank & Trust, Wessington
Springs, South Dakota. Additionally, the
2021 Jeffory A. Erickson Irrevocable Trust
No. 5 (Erickson Trust 5), the 2021 Jeffory
A. Erickson Irrevocable Trust No. 6
(Erickson Trust 6), the 2021 Jeffory A.
Erickson Irrevocable Trust No. 7 (Erickson
Trust 7), and the 2021 Jeffory A. Erickson
Irrevocable Trust No. 8 (Erickson Trust 8,
and collectively, the New Erickson Trusts),
Matthew P. Bock, as Trust Protector of the
New Erickson Trusts, Scott A. Erickson as
Investment Trust Advisor of the New
Erickson Trusts and trustee of Erickson
Trust 5, Erickson Trust 6, and Erickson
Trust 8, and Jamie L. Brown as trustee of
Erickson Trust 7, all of Sioux Falls, South
Dakota; to join the Erickson family
shareholder group, a group acting in
concert, by retaining voting shares of
Leackco, and thereby indirectly retaining
voting shares of American Bank & Trust.
Additionally, the 2021 Preston B. Steele
Irrevocable Trust No. 1, the 2021 Preston
B. Steele Irrevocable Trust No. 2, and the
2021 Preston B. Steele Irrevocable Trust
No. 3 (collectively, the New Steele Trusts),
Matthew P. Bock, as Investment Trust
Advisor and trustee of the New Steele
Trusts, and Scott A. Erickson, as Trust
Protector of the New Steele Trusts, all of
Sioux Falls, South Dakota; to join the
Steele family shareholder group, a group
acting in concert, by retaining voting
shares of Leackco, and thereby indirectly
retaining voting shares of American Bank
& Trust.
Newspaper:
Not available
Federal Register:
01/20/2022
The Revised and Restated Connor Family
Voting Trust (Trust) and Richard M.
Connor, Jr., Brian Luc Connor, and Susan
J. Connor, each as trustee, all of Laona,
Wisconsin, to acquire voting shares of
Northern Wisconsin Bank Holding
Company, Inc., Laona, Wisconsin, and
thereby indirectly acquire Laona State
Bank, Laona, Wisconsin. Additionally, the
Trust and Richard M. Connor, Jr., Brian
Luc Connor, and Susan J. Connor, as
trustees, to join the Connor family
shareholder group acting in concert.
Newspaper:
Not available
Federal Register:
Not available
NORTHERN WISCONSIN
CIC
BANK HOLDING COMPANY,
INC.
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
SECURITY BANK SHARES,
INC.
CIC
The Willard and Geraldine Ogren
Revocable Trust (WGO Trust), Iron River,
Wisconsin; Greg Ogren, individually and
as trustee of the WGO Trust and the Greg
Ogren Separate Descendant's Trust, both of
Iron River, Wisconsin; Scott Ogren,
individually and as trustee of the Scott
Ogren Separate Descendant's Trust, both of
Iron River, Wisconsin; Mark Ogren,
Minnetrista, Minnesota, individually and as
trustee of the Mark Ogren Separate
Descendant's Trust, Iron River, Wisconsin;
and Lori Ogren, Iron River, Wisconsin, as a
group acting in concert, to retain voting
shares of Security Bank Shares, Inc., Iron
River, Wisconsin, and thereby indirectly
retain voting shares of Security State Bank,
Iron River, Wisconsin, and Security Bank,
New Auburn, Wisconsin.
Newspaper:
Not available
Federal Register:
Not available
* 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 January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
CLARKSON BANCSHARES,
LLC
* 3A1
Clarkson Bancshares, LLC, Clarkson,
Nebraska, to become a bank holding
company through the acquisition of 100
percent of the voting shares of Clarkson
Bank, Clarkson, Nebraska.
Newspaper:
Not available
Federal Register:
02/09/2022
MY ANNS CORPORATION
CIC
Xinwei Lu, Glen Head, New York; Peter
Sasaki, New York, New York; John Zeng,
Newport Coast, California; and Beidi
Zheng, Los Gatos, California; to form a
group acting in concert to acquire voting
shares of My Anns Corporation, and
thereby indirectly acquire voting shares of
Piqua State Bank, both of Piqua, Kansas.
Newspaper:
Not available
Federal Register:
02/08/2022
Joe D. Butcher, a member of the Butcher
Family Group, a group acting in concert, as
trustee of the Joe D. Butcher Trust No. 1,
both of Cimarron, Kansas; and as cotrustee of the Donna L. Butcher Trust B,
Hutchinson, Kansas; to retain shares of
Santa Fe Trail Banc Shares, Inc. (the
Company) and thereby indirectly retain
voting shares of Centera Bank, both of
Sublette, Kansas. In addition, the Donna L.
Butcher Trust B, First National Bank of
Hutchinson, co-trustee, both of
Hutchinson, Kansas, Joe D. Butcher,
Kimberly Fairbank, co-trustees, both of
Cimarron, Kansas; to join the Butcher
Family Group, to retain shares of the
Company and thereby indirectly retain
voting shares of Centera Bank, both of
Sublette, Kansas.
Newspaper:
01/06/2022
Federal Register:
01/18/2022
SANTA FE TRAIL BANC
SHARES, INC.
CIC
* 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 January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
CBTX, INC.
* 3A5
CBTX, Inc., Beaumont, Texas, to acquire
by merger Allegiance Bancshares, Inc.,
Houston, Texas, and thereby indirectly
acquire Allegiance Bank, Houston, Texas
Newspaper:
Not available
Federal Register:
Not available
Application by Texas Regional Bank,
Harlingen, Texas, to acquire by merger
AccessBank, Denton, Texas, and to
establish the offices of AccessBank as
branches of Texas Regional Bank
Newspaper:
Not available
Federal Register:
Not applicable
Application by Texas State Bankshares,
Harlingen, Texas, to acquire by merger
Access Bancorp, Inc., and indirectly
AccessBank, both of Denton, Texas
Newspaper:
Not available
Federal Register:
01/24/2022
Joseph V. Gillen, Spicewood, Texas,
individually and as co-trustee of the
Woodforest Financial Group Employee
Stock Ownership Plan (with 401k
Provisions) (As Amended and Restated
Effective January 1, 2016), The
Woodlands, Texas, and as Co-Trustee of
the Woodforest Financial Group Employee
Stock Ownership Trust, The Woodlands,
Texas, to retain voting shares of
Woodforest Financial Group, Inc., and
thereby indirectly Woodforest National
Bank, both of The Woodlands, Texas
Newspaper:
01/12/2022
Federal Register:
01/18/2022
TEXAS REGIONAL BANK
* 18C
* Branch
TEXAS STATE
BANKSHARES, INC.
* 3A5
WOODFOREST FINANCIAL CIC
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 January 22, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
COLUMBIA BANKING
SYSTEM, INC.
* 3A3
Columbia Banking System, Inc., Tacoma,
Washington, to acquire Umpqua Holdings
Corporation, Portland, Oregon, and its
subsidiary, Umpqua Bank, Roseburg,
Oregon, pursuant to sections 3(a)(3) and 3
(a)(5) of the Bank Holding Company Act.
In connection with this Application,
Columbia Banking System, Inc., also elects
to be treated as a financial holding
company pursuant to section 4(l) of the
BHC Act, in order to acquire the
nonbanking subsidiaries of Umpqua
Holdings Corporation, Portland, Oregon.
Newspaper:
Not available
Federal Register:
01/07/2022
MNB HOLDINGS
CORPORATION
CIC
Medina 2021 MNBH Trust, Burlingame,
California, and Alma Vivar, Daly City,
California, as Trustee, to acquire voting
shares of MNB Holdings Corporation, and
thereby indirectly acquire voting shares of
Mission National Bank, both of San
Francisco, California.
Newspaper:
Not available
Federal Register:
01/14/2022
* 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