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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. 28
Week Ending July 9, 2022
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
July 3, 2022 to July 9, 2022
Enforcement
Easthampton Savings Bank, Easthampton, Massachusetts -- consent order of
assessment of a civil money penalty pursuant to the National Flood Insurance Act.
- Announced, July 7, 2022
(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
July 3, 2022 to July 9, 2022
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
Richmond
The Bank of Charlotte County, Phenix, Virginia -- to establish a branch at 4767 Main
Street, Drakes Branch, Virginia.
- Approved, July 8, 2022
Atlanta
CapStar Bank, Nashville, Tennessee -- to establish a branch at 735 Broad Street,
Chattanooga, Tennessee.
- Approved, July 6, 2022
St. Louis
Encore Bank, Little Rock, Arkansas -- to establish a branch at 3151 Apex Drive,
Charlotte, North Carolina.
- Approved, July 7, 2022
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 3100 Independence
Parkway, Plano, Texas.
- Approved, July 7, 2022
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 3128 Forest Lane, Dallas,
Texas.
- Approved, July 7, 2022
(A/C) = Addition or Correction
Delegated - 1 of
5
H.2
Actions under delegated authority
July 3, 2022 to July 9, 2022
Bank Branches, Domestic
Chicago
Iowa State Bank and Trust Company, Fairfield, Iowa -- to establish a branch at
625 East Pennsylvania Avenue, Ottumwa, Iowa.
- Approved, July 5, 2022
Bank Holding Companies
St. Louis
First Waterloo Bancshares, Inc., Waterloo, Illinois -- to acquire through merger
Village Bancshares, Inc., and thereby indirectly acquire Village Bank, both of Saint
Libory, Illinois.
- Returned, July 7, 2022
Atlanta
Studio Financial Holdings, Inc., Nashville, Tennessee -- relief from certain
commitments.
- Granted, June 23, 2022
(A/C)
Banks, State Member
San Francisco
East West Bank, Pasadena, California -- to make certain public welfare investments.
- Approved, July 1, 2022
(A/C)
Secretary
First Financial Bank, Cincinnati, Ohio -- to make certain public welfare investments.
- Approved, June 29, 2022
(A/C)
(A/C) = Addition or Correction
Delegated - 2 of
5
H.2
Actions under delegated authority
July 3, 2022 to July 9, 2022
Banks, State Member
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public
welfare investment.
- Approved, July 1, 2022
(A/C)
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare
investment.
- Approved, July 1, 2022
(A/C)
Change in Bank Control
Kansas City
CLC Enterprises, Inc., Nelson, Nebraska -- the H.J. and Janet Podoll Living Trust
dated June 24, 2002, and H.J. Podoll and Janet Podoll, as co-trustees, to join the
Clabaugh Family Group, a group acting in concert, to retain voting shares of CLC
Enterprises, Inc., and thereby indirectly retain voting shares of Commercial Bank,
Nelson, Nebraska. In addition, Todd A. Clabaugh, Elm Creek, Nebraska, and Travis
Clabaugh, Sioux Center, Iowa; to join the Clabaugh Family Group to acquire
additional voting shares of CLC Enterprises, Inc., and thereby indirectly acquire
additional voting shares of Commercial Bank.
- Permitted, July 5, 2022
Kansas City
Haviland Bancshares, Inc. Employee Stock Ownership Plan, Haviland, Kansas -Michael Mark Matthews, Houston, Texas, and Anthony Charles Matthews, Estero,
Florida, to retain voting shares as trustees of the Haviland Bancshares, Inc. Employee
Stock Ownership Plan and thereby indirectly control voting shares of Haviland
Bancshares, Inc., and The Haviland State Bank, both of Haviland, Kansas; and to
both join the Matthews Family Group, a group acting in concert.
- Permitted, June 30, 2022
(A/C)
(A/C) = Addition or Correction
Delegated - 3 of
5
H.2
Actions under delegated authority
July 3, 2022 to July 9, 2022
Change in Bank Control
Kansas City
Haviland Bancshares, Inc., Haviland, Kansas -- Michael Mark Matthews, Houston,
Texas, and Anthony Charles Matthews, Estero, Florida, to retain voting shares as
trustees of the Haviland Bancshares, Inc. Employee Stock Ownership Plan, Haviland,
Kansas, and thereby control voting shares of Haviland Bancshares, Inc., and
indirectly The Haviland State Bank, Haviland, Kansas; and to both join the Matthews
Family Group, a group acting in concert.
- Permitted, June 30, 2022
(A/C)
Kansas City
Ironhorse Financial Group, Inc., Muskogee, Oklahoma -- the Aston McNeill
Armstrong 2018 GST Exempt Trust, Sloan Armstrong Hart 2018 GST Exempt Trust,
Aston McNeill Armstrong Living Trust, and Sloan Walker Armstrong Living Trust,
all of Vian, Oklahoma; and Kelsi Farmer, as trustee of the aforementioned trusts,
New York, New York; members of the Armstrong Family Group, a group acting in
concert, to acquire additional voting shares of Ironhorse Financial Group, Inc., and
thereby indirectly acquire additional voting shares of Armstrong Bank, Muskogee,
Oklahoma. In addition, the Lea Ann Bumpers 2022 Irrevocable Trust, Lea Ann
Bumpers, as trustee, both of Little Rock, Arkansas, to join the Armstrong Family
Group, to retain voting shares of Ironhorse Financial Group, Inc., and thereby
indirectly retain voting shares of Armstrong Bank.
- Permitted, July 8, 2022
Extensions of Time
Dallas
Commerce Bancshares of Roswell, Inc., Employee Stock Ownership Plan, Roswell,
New Mexico -- extension to October 25, 2022, to become a bank holding company
by acquiring shares of Commerce Bancshares of Roswell, Inc., and thereby indirectly
acquire shares of Valley Bank of Commerce, both of Roswell, New Mexico.
- Granted, July 6, 2022
(A/C) = Addition or Correction
Delegated - 4 of
5
H.2
Actions under delegated authority
July 3, 2022 to July 9, 2022
Extensions of Time
St. Louis
Cross County Bancshares, Inc., Wynne, Arkansas -- extension to October 28, 2022, to
acquire Central Bank, Little Rock, Arkansas.
- Granted, July 7, 2022
Membership
St. Louis
First National Bank of North Arkansas, Berryville, Arkansas -- to retain its
membership in the Federal Reserve System following its conversion to a statechartered bank.
- Approved, June 28, 2022
(A/C)
Kansas City
Vision Bank, National Association, Ada, Oklahoma -- to retain its membership in the
Federal Reserve System following its conversion to a state-chartered bank.
- Approved, June 28, 2022
(A/C)
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, July 8, 2022
(A/C) = Addition or Correction
Delegated - 5 of
5
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending July 9, 2022
Filer
Filing Type
BROOKLINE BANCORP, INC. * 3A3
* 3A5
HOMETOWN FINANCIAL
GROUP MHC
* 3A3
* 3A5
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
Application by Brookline Bancorp, Inc.,
Boston, Massachusetts ("Brookline") to
acquire PCSB Financial Corporation,
Yorktown Heights, New York, and its
wholly-owned subsidiary bank, PCSB
Bank, Brewster, New York, pursuant to
section 3(a)(3) and 3(a)(5) of the Bank
Holding Company Act of 1956, as
amended, and section 225.15 of Regulation
Y. Brookline will hold and operate PCSB
Bank as a separate bank subsidiary.
Newspaper:
Not available
Federal Register:
Not available
Hometown Financial Group, MHC and
Hometown Financial Group, Inc.,
Easthampton, Massachusetts (collectively,
"Hometown Financial") to acquire 100
percent of Randolph Bancorp, Inc.,
Stoughton, Massachusetts and thereby
indirectly acquire Envision Bank,
Randolph, Massachusetts.
Newspaper:
Not available
Federal Register:
08/04/2022
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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
BANCO DE RESERVAS DE
LA REPUBLICA
DOMINICANA
FBSEA
Banco de Reservas, Santo Domingo,
Dominican Republic, to establish
representative offices in New York, New
York, and Miami, Florida, pursuant to
Section 10(a) of the International Banking
Act and Section 211.24(a)(1)(i)(A) of
Regulation K.
Newspaper:
Not available
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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
UNIVEST BANK AND TRUST * Branch
CO.
Univest Bank and Trust Co., Souderton,
PA, to establish a branch office at 51
Dutilh Road, Cranberry Township, Butler
County, Pennsylvania.
Newspaper:
07/18/2022
Federal Register:
Not applicable
UNIVEST BANK AND TRUST * Branch
CO.
Univest Bank and Trust Co., Souderton,
PA, to establish a branch office at 10801
Tony Drive, Lutherville-Timonium,
Baltimore County, Maryland.
Newspaper:
07/18/2022
Federal Register:
Not applicable
* 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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
F.N.B. CORPORATION
* 3A3
Application by F.N.B. Corporation,
Pittsburgh, Pennsylvania, for prior
approval of the Board of Governors of the
Federal Reserve System, pursuant to
Section 3 of the Bank Holding Company
Act of 1956, as amended, to acquire 100%
percent of UB Bancorp, Greenville, North
Carolina, and thereby indirectly acquiring
Union Bank, Greenville, North Carolina.
Newspaper:
08/01/2022
Federal Register:
Not available
FARMERS NATIONAL BANC * 3A5
CORP.
Application by Farmers National Banc
Corp., Canfield, Ohio, for prior approval of
the Board of Governors of the Federal
Reserve System, pursuant to Section 3 of
the Bank Holding Company Act of 1956,
as amended, to acquire 100% percent of
Emclaire Financial Corp, Emlenton,
Pennsylvania, and thereby indirectly
acquiring The Farmers National Bank of
Emlenton, Emlenton, Pennsylvania.
Newspaper:
07/28/2022
Federal Register:
08/04/2022
GENOA BANKING
COMPANY, THE
* Branch
Genoa Bank, Genoa, Ohio, files an
application to establish a branch office at
1701 West State Street, Fremont, Ohio, and
also requests permission to exceed its limit
of investment in premises pursuant to
Sections 208.21 of Regulation H and 24A
of the Federal Reserve Act.
Newspaper:
07/14/2022
Federal Register:
Not applicable
TCF BANK
INTERNATIONAL, INC.
Other Foreign
TCF Bank International, Inc., Wayzata,
Minnesota, 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
* 3A5
Premises
* 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
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 July 9, 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
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 July 9, 2022
Filer
Filing Proposal
End of Comment Period
COMMERCEONE
* 3A1
FINANCIAL CORPORATION
CommerceOne Financial Corporation,
Birmingham, Alabama, to become a bank
holding company by acquiring outstanding
shares of CommerceOne Bank,
Birmingham, Alabama.
Newspaper:
08/03/2022
Federal Register:
08/10/2022
FNBMD BANCSHARES, INC. CIC
The George J. White Revocable Trust, and
Robert D. White, as trustee, Mount Dora,
Florida; the Marilyn M. White Revocable
Trust, and Marilyn M. White, as trustee,
Mount Dora, Florida; Robert D. White,
Mount Dora, Florida; Amy D. White,
Mount Dora, Florida; George J. White III,
Decatur, Georgia; Anna C. White,
Asheville, North Carolina; and Amelia M.
White, Athens, Georgia; acting in concert
to retain voting shares of FNBMD
Bancshares, Inc., Mount Dora, Florida and
thereby indirectly retain voting shares of
The First National Bank of Mount Dora,
Mount Dora, Florida.
Newspaper:
08/03/2022
Federal Register:
07/26/2022
Synovus Bank, Columbus, Georgia, to
establish the following branches: Midland
Commons, 6801 Flat Rock Road,
Columbus, GA; 20 Midtown Branch, 304
20th Street South, Birmingham, AL; and
The Frank Branch, 205 20th Street North,
Birmingham, AL.
Newspaper:
07/14/2022
Federal Register:
Not applicable
SYNOVUS BANK
Filing Type
* 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
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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
ARBOR BANCORP, INC.
CIC
Notice by the William C. Martin 2022
Grantor Retained Annuity Trust, with
William C. Martin as trustee, both of Ann
Arbor, Michigan, to become members of
the Martin Family Control Group, a group
acting in concert, to acquire voting shares
of Arbor Bancorp, Inc., and thereby
indirectly acquire voting shares of Bank of
Ann Arbor, both of Ann Arbor, Michigan.
Newspaper:
Not available
Federal Register:
Not available
FVSB Mutual Bancorp, MHC, Fond du
Lac, Wisconsin, to become mutual bank
holding company and FVSB Bancorp, Inc.,
Fond du Lac, Wisconsin, proposes to
become a mid tier stock bank holding
company, all in connection with Fox Valley
Savings Bank, Fond du Lac, Wisconsin
proposals to convert from a mutual to stock
savings bank.
Newspaper:
Not available
Federal Register:
Not available
Two Rivers Financial Group, Inc.,
Burlington, Iowa, to acquire Lee County
Bank, Fort Madison, Iowa.
Newspaper:
07/24/2022
Federal Register:
08/01/2022
FVSB Mutual Bancorp, MHC
TWO RIVERS FINANCIAL
GROUP, INC.
* 3A1
* 3A3
* 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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
BANKFIRST FINANCIAL
SERVICES
* 18C
BankFirst Financial Services, Macon,
Mississippi, to merge with Sycamore Bank,
Senatobia, Mississippi, and to retain the
acquired facilities as branch offices.
Newspaper:
08/06/2022
Federal Register:
Not applicable
BANKOKOLONA
Member
Bank of Okolona, Okolona, Mississippi, to
become a member of the Federal Reserve
System.
Newspaper:
Not applicable
Federal Register:
Not applicable
* 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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
Frandsen Bank & Trust, Lonsdale,
Minnesota, to merge with Bank of
Zumbrota, Zumbrota, Minnesota, and Pine
Island Bank, Pine Island, Minnesota
(collectively "Target Banks"), and thereby
establish branches at the locations of Target
Banks' main offices and branches.
Newspaper:
Not available
Federal Register:
Not applicable
KANDIYOHI BANCSHARES, CIC
INC.
The Alix E. Behm Revocable Living Trust,
Alix E. Behm as trustee; and the Kenneth
M. Behm Revocable Living Trust, Kenneth
M. Behm as trustee, all of Willmar,
Minnesota, to join the Behm Family
Shareholder Group, a group acting in
concert, to acquire voting shares of
Kandiyohi Bancshares, Inc., Willmar,
Minnesota, and thereby indirectly acquire
voting shares of Home State Bank,
Litchfield, Minnesota.
Newspaper:
07/19/2022
Federal Register:
07/21/2022
LUMINATE CAPITAL
CORPORATION
Luminate Capital Corp. to become a bank
holding company by acquiring Luminate
Bank, both of Minnetonka, Minnesota.
Newspaper:
Not available
Federal Register:
Not available
FRANDSEN BANK & TRUST * 18C
* Branch
* 3A1
* 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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
MIDLAND FINANCIAL CO.
CIC
Scott Smith, New York, New York, as
trustee and co-trustee, to acquire the G.
Jeffrey Records Jr. 2008 GST Exempt
Family Trust, the G. Jeffrey Records, Jr.
2003 Family Trust (GJR), the G. Jeffrey
Records, Jr. 2004 Family Trust (KRR), and
the G. Jeffrey Records, Jr. 2004 Family
Trust (MER), the George and Nancy
Records 1990 Irrevocable Trust, all of
Oklahoma City, Oklahoma, and thereby
acquire additional shares of Midland
Financial Co., parent of MidFirst Bank,
both of Oklahoma City, Oklahoma.
Newspaper:
07/10/2022
Federal Register:
Not available
Todd Dobson, Oklahoma City, Oklahoma,
as trustee and co-trustee, to acquire the
Kathryn R. Ryan 2007 GST Exempt
Family Trust, the Ryan Family Security
Trust, the Martha E. Records 2009 GST
Exempt Family Trust, and the Martha
Records Family 1997 GST Exempt Trust,
all of Oklahoma City, Oklahoma, and
thereby acquire additional shares of
Midland Financial Co., parent of MidFirst
Bank, both of Oklahoma City, Oklahoma.
Newspaper:
Not available
Federal Register:
Not available
Gregory Corbin Massey and the Massey
Family Foundation, Inc., each of Durant,
Oklahoma; to become members of the
Massey Family Group, a group acting in
concert, to acquire voting shares of Spend
Life Wisely Company, Inc., and thereby
indirectly acquire voting shares of First
United Bank and Trust Company, both of
Durant, Oklahoma.
Newspaper:
07/13/2022
Federal Register:
07/08/2022
MIDLAND FINANCIAL CO.
SPEND LIFE WISELY
COMPANY, INC.
CIC
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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
CENTRAL BANCSHARES,
INC.
CIC
Notice by Michael H. Fiuzat, Houston,
Texas, to acquire voting shares of Central
Bancshares, Inc., by becoming a trustee of
both the Carolyn J. Young 2012 Trust and
John H. Young 2020 Trust, and thereby
indirectly acquire voting shares of Central
Bank, all of Houston, Texas; and to
become a member of the Young Family
Control Group, a group acting in concert.
Newspaper:
Not available
Federal Register:
07/08/2022
CHARLES SCHWAB TRUST
BANK
Member
Charles Schwab Trust Bank, Henderson,
Nevada (to relocate to Westlake, Texas) to
become a member of the Federal Reserve
System
Newspaper:
Not applicable
Federal Register:
Not applicable
F & M BANCSHARES, INC.
CIC
Scotty Dan Allen and Johnny Brad Allen,
each of Stephenville, Texas have applied to
the Federal Reserve Board as a group
acting in concert for permission to control
F&M Bancshares, Inc., De Leon, Texas
(the "Company"), which controls Farmers
and Merchants Bank, De Leon, Texas.
Scotty Dan Allen is also seeking clearance
to retain 10 percent or more of the shares
and thereby control the Company.
Newspaper:
07/20/2022
Federal Register:
07/21/2022
Retroactive Notice under the Change in
Bank Control Act filed by The Terry L.
Chandler Trust, Doug Chandler, as trustee,
both of Carlsbad, New Mexico
("Notificant"), to retain 10 percent or more
of controlling voting shares of First Artesia
Bancshares, Inc. ("Company") and
indirectly First American Bank ("Bank"),
both of Artesia, New Mexico.
Newspaper:
07/14/2022
Federal Register:
07/08/2022
Global One Bancshares, Inc., Carrollton,
Texas to become a bank holding company
through the acquisition of Chappell Hill
Bank, Chappell Hill, Texas
Newspaper:
Not available
Federal Register:
Not available
FIRST ARTESIA
BANCSHARES, INC.
CIC
GLOBAL ONE
BANCSHARES, INC.
* 3A1
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
JEFFERSON BANCSHARES,
INC.
CIC
Katherine A. Satel 2021 Family Trust One,
Katherine A. Satel 2021 Family Trust Two,
Emily G. Satel 2021 Family Trust One,
Emily G. Satel 2021 Family Trust Two,
Caroline M. Satel 2021 Family Trust One,
Caroline M. Satel 2021 Family Trust Two,
and 14 trusts fbo minor children, and
Jefferson Bank, as Trustee for all of the
forementioned trusts, all of San Antonio,
Texas, intend to apply to the Federal
Reserve Board for permission to join, and
act in concert with, the McSween Family
Control Group, which was previously
approved on June 11, 2021 under the
Change in Bank Control Act to retain
control of 25 percent or more of the
outstanding shares of voting common stock
of and thereby control Jefferson
Bancshares, Inc., San Antonio, Texas,
which controls Jefferson Bank, San
Antonio, Texas.
Newspaper:
Not available
Federal Register:
Not available
Jonesboro Bancshares, Inc., Jonesboro,
Louisiana, engaged in activities permitted
by 12 C.F.R. 225.28(b)(1), specifically
extending credit and acquiring loans or
loan participations from its wholly-owned
subsidiary Jonesboro State Bank,
Jonesboro, Louisiana.
Newspaper:
Not applicable
Federal Register:
07/21/2022
JONESBORO BANCSHARES, 4c8
INC.
* 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 July 9, 2022
Filer
Filing Type
Filing Proposal
End of Comment Period
SILICON VALLEY BANK
PWI
Silicon Valley Bank, Santa Clara,
California, proposes to make a public
welfare investment of $2.5 million
investment in Community Vision Capital &
Consulting.
Newspaper:
Not applicable
Federal Register:
Not applicable
Silicon Valley Bank, Santa Clara,
California, proposes to make a public
welfare investment of $5 million in
Housing Trust Silicon Valley.
Newspaper:
Not applicable
Federal Register:
Not applicable
Silicon Valley Bank, Santa Clara,
California, proposes to make a public
welfare investment of $5 million in Accion
Opportunity Fund, Inc.
Newspaper:
Not applicable
Federal Register:
Not applicable
Silicon Valley Bank, Santa Clara,
California, proposes to make a public
welfare investment of $5 million in
Grameen America, Inc.
Newspaper:
Not applicable
Federal Register:
Not applicable
Western Alliance Bank, Phoenix, Arizona,
proposes to establish a new branch office at
450 B Street, Suites 125 and 150, San
Diego, California.
Newspaper:
Not available
Federal Register:
Not applicable
SILICON VALLEY BANK
SILICON VALLEY BANK
SILICON VALLEY BANK
PWI
PWI
PWI
WESTERN ALLIANCE BANK * Branch
* 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