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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. 24
Week Ending June 12, 2021
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
June 6, 2021 to June 12, 2021
Bank Holding Companies
SVB Financial Group, Santa Clara, California -- (1) to merge with Boston Private
Financial Holdings, Inc., Boston, Massachusetts, and thereby indirectly acquire
Boston Private Bank & Trust Company (BP Bank); (2) for Silicon Valley Bank (SVB
Bank), Santa Clara, California, to merge with BP Bank and establish branches at the
main-office and branch locations of BP Bank; and (3) for SVB Bank to change the
general character of its business to engage in trust activities.
- Approved, June 9, 2021
Enforcement
SunTrust Bank, Atlanta, Georgia -- consent order dated November 19, 2019,
terminated June 10, 2021.
- Announced, June 10, 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
June 6, 2021 to June 12, 2021
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
Kansas City
Adams Bank & Trust, Ogallala, Nebraska -- to establish branches at 1359 Interquest
Parkway, Colorado Springs, Colorado, and 7251 West 20th Street, Greeley
(two applications).
- Approved, June 11, 2021
St. Louis
First Bank, Creve Coeur, Missouri -- to establish a branch at 878 Eastlake Parkway,
Chula Vista, California.
- Approved, June 9, 2021
Richmond
The Freedom Bank of Virginia, Fairfax, Virginia -- to establish a branch at
7900 Westpark Drive, McLean.
- Approved, June 8, 2021
Bank Holding Companies
San Francisco
Friendly Hills Bancorp, Whittier, California -- to become a bank holding company by
acquiring Friendly Hills Bank, Whittier.
- Approved, June 11, 2021
Chicago
FWB Financial, Inc., Chicago, Illinois -- to become a bank holding company by
acquiring FW Bank, Chicago, a de novo bank.
- Approved, June 7, 2021
(A/C) = Addition or Correction
Delegated - 1 of
7
H.2
Actions under delegated authority
June 6, 2021 to June 12, 2021
Bank Holding Companies
Minneapolis
Global Innovations Holdings, Incorporated, Rapid City, South Dakota -- to become a
bank holding company by acquiring Global Innovations Bank, Kiester, Minnesota.
- Approved, June 9, 2021
Chicago
High Point Financial Services, Inc., Forreston, Illinois -- to acquire Durand Bancorp,
Inc., Durand, and thereby indirectly acquire Durand State Bank.
- Approved, June 10, 2021
St. Louis
OakStar Bancshares, Inc., Springfield, Missouri -- to acquire First Colorado National
Bank, Paonia, Colorado.
- Approved, June 10, 2021
Bank Mergers
St. Louis
The Central Trust Bank, Jefferson City, Missouri -- 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; and Central Bank of Oklahoma, Tulsa, Oklahoma, and to retain the
acquired facilities as branches.
- Approved, May 28, 2021
(A/C)
(A/C) = Addition or Correction
Delegated - 2 of
7
H.2
Actions under delegated authority
June 6, 2021 to June 12, 2021
Bank Mergers
Chicago
Iowa State Bank, Hull, Iowa -- to merge with Melvin Savings Bank, Melvin, and
thereby establish branches at 260 Main Street, Melvin, and 721 2nd Avenue, Sibley.
- Approved, June 10, 2021
Change in Bank Control
Kansas City
Bruning Bancshares, Inc., Bruning, Nebraska -- Fred D. Bruning, Bruning, and Jane
A. Tonniges, Omaha, as members of the Bruning Family Group, individually, and as
trustees of family trusts listed below, to retain voting shares of Bruning Bancshares,
Inc. (Bancshares). In addition, the Frank L. Bruning Nonqualifying Trust Share
created under the Last Will and Testament of Frank L. Bruning, Bruning, Fred D.
Bruning and Jane A. Tonniges, co-trustees; the Fred D. Bruning 2020 Irrevocable
Trust, Penni J. Bruning, trustee, both of Bruning, and Dennis C. Stara, specialpurpose trustee, Lincoln; the Jane A. Tonniges Revocable Trust, Omaha, Jane A.
Tonniges, trustee; the Mary B. Bruning Revocable Trust, Mary B. Bruning, cotrustee, both of Bruning, and Fred D. Bruning and Jane A. Tonniges, co-trustees;
Adam F. Bruning, Hebron; Reiss L. Bruning, Bruning; Christopher Tonniges,
Omaha; and Dennis C. Stara, Lincoln, to join the Bruning Family Group, a group
acting in concert, to retain voting shares of Bancshares and indirectly retain voting
shares of Bruning Bank, Bruning.
- Permitted, June 9, 2021
Chicago
Drake Holding Company, Radcliffe, Iowa -- the Richard R. Drake Family Trust,
Radcliffe, with Cynthia A. Shirar, Marshalltown; Edwin A. Drake, West Des Moines;
and Bryan S. Drake, Radcliffe, 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,
Radcliffe.
- Withdrawn, June 9, 2021
(A/C) = Addition or Correction
Delegated - 3 of
7
H.2
Actions under delegated authority
June 6, 2021 to June 12, 2021
Change in Bank Control
San Francisco
East West Bancorp, Inc., Pasadena, California -- the Vanguard Group, Inc., Malvern,
Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including 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, to acquire additional voting shares of East West Bancorp, Inc.,
and thereby acquire additional voting shares of East West Bank, Pasadena.
- Permitted, June 11, 2021
Kansas City
First Centralia Bancshares, Inc., Centralia, Kansas -- the Bruce L. Bachman Trust for
Whitney E. Martin dated December 29, 2020, and Whitney E. Martin, as trustee, both
of Leawood, and the Bruce L. Bachman Trust for Tyler J. Bachman dated December
29, 2020 (TJB Trust), Tyler J. Bachman, trustee, both of Shawnee, to retain shares of
First Centralia Bancshares, Inc. and to join the Bachman Family Control Group, a
group acting in concert, and thereby indirectly retain shares of First Heritage Bank,
Centralia. Tyler J. Bachman, trustee of the TJB Trust, previously was approved as a
member of the Bachman Family Control Group.
- Permitted, June 7, 2021
Cleveland
Huntington Bancshares, Inc., Columbus, Ohio -- the Vanguard Group, Inc., Malvern,
Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including 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, to acquire additional voting shares of Huntington Bancshares,
Inc. and thereby indirectly acquire additional voting shares of Huntington National
Bank, Columbus.
- Permitted, June 11, 2021
(A/C) = Addition or Correction
Delegated - 4 of
7
H.2
Actions under delegated authority
June 6, 2021 to June 12, 2021
Change in Bank Control
Kansas City
NBM Corporation McAlester, Oklahoma -- Matthew M. McGowan, McAlester, as
trustee of various family trusts listed below, and as trustee of the NBM Corporation
401(k) Employee Stock Option Plan, McAlester; the Matthew M. McGowan
Revocable Trust and the McGowan Children's Trust, both of Oklahoma City,
Matthew M. McGowan, trustee; the Mary Nancy McGowan Revocable Trust UTA,
Oklahoma City, Mary N. McGowan, trustee, McAlester; the Michelle Tompkins
Living Trust, Michelle McGowan Tompkins, trustee, both of Oklahoma City; Michal
Shannon McGowan Helvey and Hannah McGowan Hughes, both of Edmond;
William McGowan and Madeline McGowan, both of McAlester; Michael J.
Tompkins, Tulsa; Pendleton T. Tompkins, Oklahoma City; and certain minor children
of the listed individuals to join the McGowan Family Group, a group acting in
concert, to retain voting shares of NBM Corporation and thereby indirectly retain
voting shares of The Bank, National Association, McAlester.
- Permitted, June 7, 2021
New York
Sterling Bancorp, Pearl River, New York -- the Vanguard Group, Inc., Malvern,
Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including 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, to acquire additional voting shares of Sterling Bancorp and
thereby indirectly acquire additional voting shares of Sterling National Bank, Pearl
River.
- Permitted, June 11, 2021
(A/C) = Addition or Correction
Delegated - 5 of
7
H.2
Actions under delegated authority
June 6, 2021 to June 12, 2021
Change in Bank Control
Boston
Webster Financial Corporation, Waterbury, Connecticut -- the Vanguard Group, Inc.,
Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including
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, to acquire additional voting shares of Webster Financial
Corporation and thereby indirectly acquire additional voting shares of Webster Bank,
National Association, Waterbury.
- Permitted, June 11, 2021
Extensions of Time
Kansas City
Bern Bancshares, Inc., Bern, Kansas -- extension to September 6, 2021, to acquire
shares of UBT Bancshares, Inc., Marysville, and thereby indirectly acquire United
Bank & Trust.
- Granted, June 7, 2021
Director, S&R
Citigroup Inc., New York, New York -- extension of time to conform or divest a
merchant banking investment.
- Granted, June 8, 2021
Secretary
First Bank Corp., Fort Smith, Arkansas -- commenter's request to extend the
comment period on the application to acquire by merger Central Bancshares of
Poteau, Inc., Poteau, Oklahoma, and thereby indirectly acquire Central National
Bank of Poteau.
- Denied, June 11, 2021
(A/C) = Addition or Correction
Delegated - 6 of
7
H.2
Actions under delegated authority
June 6, 2021 to June 12, 2021
Extensions of Time
Richmond
First Sentinel Bank, Richlands, Virginia -- extension to October 8, 2021, to establish
a branch at 329 Ingleside Road, Princeton, West Virginia.
- Granted, June 8, 2021
St. Louis
The Peoples Bancorp, Inc., Newton, Illinois -- extension to September 16, 2021, to
become a bank holding company by acquiring The Peoples State Bank of Newton,
Illinois, Newton.
- Granted, June 10, 2021
Financial Holding Companies
Dallas
Veritex Holdings, Inc., Dallas, Texas -- election to become a financial holding
company.
- Effective, June 11, 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, June 8, 2021
(A/C) = Addition or Correction
Delegated - 7 of
7
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending June 12, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
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 June 12, 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 June 12, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 3
Federal Reserve Bank of Philadelphia
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FIRST FINANCIAL BANK
PWI
First Financial Bank, Cincinnati, OH,
request for pre-approval to make a
$3.0MM public welfare investment
Newspaper:
Not applicable
Federal Register:
Not applicable
First Financial Bank, Cincinnati, OH,
request for pre-approval to make a
$7.0MM public welfare investment
Newspaper:
Not applicable
Federal Register:
Not applicable
FIRST FINANCIAL BANK
PWI
* 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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
SHORE BANCSHARES, INC.
4c8
Shore Bancshares, Inc., Easton, Maryland,
to acquire 100% of the voting securities of
Severn Bancorp, Inc., Annapolis,
Maryland, and thereby indirectly acquire
Severn Savings Bank, FSB, Annapolis,
Maryland.
Newspaper:
Not applicable
Federal Register:
07/06/2021
VCC Social Enterprises, Richmond,
Virginia, to become a bank holding
company through the acquisition of 99.6%
of the voting securities of VCC Bank,
Richmond, Virginia.
Newspaper:
06/28/2021
Federal Register:
07/09/2021
VCC SOCIAL ENTERPRISES
* 3A1
4c8
* Subject to the provisions of the Community Reinvestment Act
District: 5
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
ANCHOR BANK
* Branch
Anchor Bank, Palm Beach Garden, Florida
to establish a branch: Greenacres Branch,
6805 Lake Worth Road, Greenacres,
Florida.
Newspaper:
06/20/2021
Federal Register:
Not applicable
CB Investment Holdings, LLC, Nashville,
Tennessee, to become a bank holding
company by acquiring control of no less
than 51 percent of the outstanding shares of
CSB&T Bancorp, Inc., and the indirect
acquisition of its subsidiary, Citizens
Savings Bank & Trust Company, both of
Nashville, Tennessee.
Newspaper:
Not available
Federal Register:
Not available
Cypress Capital Group, Inc., Palm Beach,
Florida, to acquire 100 percent of the
outstanding shares of Cypress Trust
Company, Palm Beach, Florida; and
Cypress Capital Group, Inc., Palm Beach,
Florida, to establish Cypress Trust
Company, Palm Beach, Florida, and
thereby engage in certain listed nonbanking
activities.
Newspaper:
Not available
Federal Register:
Not available
United Bancorporation of Alabama,
Atmore, Alabama, to acquire TownCountry National Bank, Camden,
Alabama, pursuant to section 3(a)(3) of the
BHC Act.
Newspaper:
Not available
Federal Register:
07/06/2021
CB INVESTMENT
HOLDINGS, LLC
* 3A1
CYPRESS CAPITAL GROUP,
INC.
* 3A1
UNITED BANCORPORATION * 3A3
OF ALABAMA, INC.
* 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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
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:
Not available
Federal Register:
07/01/2021
FIRST NATIONAL
BANCSHARES, INC.
CIC
Notice by the Foote family regarding their
control of First National Bancshares, Inc.,
East Lansing, Michigan and indirect
control of First National Bank of America,
East Lansing, Michigan.
Newspaper:
05/25/2021
Federal Register:
05/26/2021
FOSTORIA BANKSHARES,
INC.
CIC
Heather Cook, Ames, Iowa, to join the
Simington Family Group, a group acting in
concert, to retain voting shares of Fostoria
Bankshares and thereby indirectly retain
voting shares of Farmers Savings Bank,
both of Fostoria, Iowa.
Newspaper:
06/30/2021
Federal Register:
06/24/2021
GRINNELL BANCSHARES,
INC.
CIC
Notice by F. Addison Jones, as trustee of
the F. Addison Survivor Trust and the
Marion A Jones Descendant Trust, all of
Grinnell, Iowa; Grinnell State Bank and F.
Addison Jones as Co-Trustees of the David
A. Jones Irrevocable Trust and the F.
Austin Jones Irrevocable Trust, all of
Grinnell, Iowa; Anthony Joseph Jones,
Cumming, Iowa; Fitzpatrick A Jones,
Grinnell, Iowa; David Aric Jones, Grinnell,
Iowa; Alyson Marie Jones, Grinnell, Iowa;
Kelsey Megan McCulley, Wellman, Iowa;
and Miranda Austin Bradberry, Tiffin,
Iowa; to become members of the Jones
Family Control Group, a group acting
concert, by retaining voting shares of
Grinnell Bancshares, Inc. and thereby
indirectly retain voting shares of Grinnell
State Bank, both of Grinnell, Iowa.
Newspaper:
Not available
Federal Register:
06/25/2021
WATERSTONE FINANCIAL,
INC.
CIC
Notice by WaterStone Bank SSB 2015
Amended and Restated Employee Stock
Ownership Plan and WaterStone Bank SSB
401(K) Plan to acquire voting shares of
WaterStone Financial, Inc., and thereby
indirectly control WaterStone Bank, both
of Wauwatosa, Wisconsin.
Newspaper:
06/30/2021
Federal Register:
06/17/2021
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
982348
IOWA ST BK, HULL, IOWA
03/08/2021
06/07/2021
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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FIRST STATE CAPITAL
CORPORATION
* 3A5
First State Capital Corporation, Holly
Springs, Mississippi to merge with M&F
Bancorp, Inc., and thereby indirectly
acquire Merchant and Farmers Bank both
of Holly Springs, Mississippi.
Newspaper:
06/28/2021
Federal Register:
07/09/2021
M&P COMMUNITY
BANCSHARES, INC. 401(K)
EMPLOYEE STOCK
OWNERSHIP PLAN
* 3A3
The M&P Community Bancshares, Inc.
401(k) Employee Stock Ownership Plan,
Newport, Arkansas, to acquire additional
ownership of up to 39% of M&P
Community Bancshares, Inc., Newport,
Arkansas, and thereby increase its indirect
control of Merchants and Planters Bank,
Newport, Arkansas.
Newspaper:
07/06/2021
Federal Register:
07/12/2021
* 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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BANK FORWARD
EMPLOYEE STOCK
OWNERSHIP PLAN AND
TRUST
* 3A3
Bank Forward Employee Stock Ownership
Plan and Trust, Fargo, North Dakota, to
acquire 39.79% of the voting shares of
Security State Bank Holding Company,
Fargo, North Dakota, and thereby
indirectly acquire voting shares of Bank
Forward, Hannaford, North Dakota.
Newspaper:
Not available
Federal Register:
Not available
GEBSCO, INC.
CIC
Daniel J. Heike, Mondovi, Wisconsin;
Heidi R. Weber, Mondovi, Wisconsin;
Sarah E. Robertson, Eau Claire,
Wisconsin; and Frederick Arthur
Robertson III Living Trust, Frederick A.
Robertson III, as trustee, both of Madison,
Wisconsin; to become members of the
Heike Family Control Group, a group
acting in concert, to retain voting shares of
Gebsco, Inc., Mondovi, Wisconsin, and
thereby indirectly retain voting shares of
Alliance Bank, Mondovi, Wisconsin.
Newspaper:
05/27/2021
Federal Register:
06/01/2021
MidCountry Acquisition Corp.,
Minneapolis, Minnesota (MAC), a savings
and loan holding company, to become a
bank holding by merging with J & B
Financial Holdings, Inc., Minneapolis,
Minnesota, and thereby indirectly
acquiring 1st United Bank, Faribault,
Minnesota; First State Bank of Sauk
Centre, Sauk Centre, Minnesota; and Red
Rock Bank, Sanborn, Minnesota; and
merging with Northfield Bancshares, Inc,
Northfield, Minnesota, and thereby
indirectly acquiring Community Resource
Bank, Northfield, Minnesota. MAC also to
retain MidCountry Bank, Bloomington,
Minnesota, and thereby engage in
operating a savings association pursuant to
section 225.28(b)(4)(ii) of Regulation Y.
MAC also to acquire First State Agency,
Inc., Sauk Centre, Minnesota, and thereby
indirectly engage in general insurance
agency activity through a lending office in
a place that has a population not exceeding
5,000 pursuant to section 225.28(b)(11)(iii)
(A) of Regulation Y. In addition, MAC
elects to become a financial holding
company to enable MidCountry Bank to
retain its ownership of MidCountry
Insurance Services, Inc. and MidCountry
Insurance Agency, Inc, both of
Bloomington, Minnesota.
Newspaper:
06/19/2021
Federal Register:
Not available
MIDCOUNTRY
ACQUISITION CORP.
* 3A1
* 3A3
4c8
* 4c8
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
RANDALL BANCORP, INC.
CIC
The Amended and Restated Kermit J.
Zaffke A/K/A John Zaffke Revocable
Trust, Kermit J. Zaffke and Karen J. Zaffke
as trustees, both of Green Valley, Arizona;
and The Amended and Restated Karen J.
Zaffke Revocable Trust, Karen J. Zaffke
and Kermit J. Zaffke as trustees, both of
Green Valley, AZ; a group acting in
concert to retain voting shares of Randall
Bancorp Inc., and thereby indirectly retain
voting shares of Randall State Bank, both
of Randall, Minnesota.
Newspaper:
Not available
Federal Register:
06/25/2021
The Family Trust created under the Last
Will and Testament of John R. Beyers
dated August 17, 2017 and The RCB
Marital Trust created under the Last Will
and Testament of John R. Beyers dated
August 17, 2017, Patty Beyers as trustee,
all of Roscoe, South Dakota, to retain
voting shares of Roscoe Community
Bankshares, Inc. and thereby indirectly
retain voting shares of the First State Bank
of Roscoe, both of Roscoe, South Dakota.
Newspaper:
Not available
Federal Register:
Not available
Security Financial Bank, Durand,
Wisconsin, to merge with Jackson County
Bank, Black River Falls, Wisconsin, and
incident thereto, establish branches.
Newspaper:
Not available
Federal Register:
Not applicable
ROSCOE COMMUNITY
BANKSHARES, INC.
CIC
SECURITY FINANCIAL
BANK
* 18C
* 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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BSB BANCSHARES, INC.
4c8
BSB Bancshares, Inc., Brunswick,
Nebraska to engage in lending activities.
Newspaper:
Not applicable
Federal Register:
Not available
Michael Waldo, Alma, Nebraska; and
Dwight Waldo, Republican City,
Nebraska; to establish the Waldo Family
Group, a group acting in concert, and retain
voting shares of Commercial State Holding
Company, and thereby indirectly retain
voting shares of Commercial State Bank,
both of Republican City, Nebraska.
Newspaper:
Not available
Federal Register:
Not available
COMMERCIAL STATE
HOLDING COMPANY, 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 June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
ALBANY BANCSHARES,
INC.
CIC
Notice under the Change in Bank Control
Act filed by the Jon Rex Jones ("JRJ")
Loyal Trust ("Proxy"), Jon Rex Jones, both
of Albany, Texas; the JRJ Dynasty Trust, ,
the Jon Rex Jones Jr. ("JRJ Jr.") Trust V,
the JRJ Jr. Loyal Trust ("Proxy"), Jon Rex
Jones, Jr., as trustee, the JRJ Jr. Dynasty
Trust, Brenda Wilkinson Jones, as trustee,
McArron GP LLC, all of Austin, Texas;
the Julie Ann Jarvis ("JAJ") Trust V, the
Debora L. Jones ("DLJ") Trust V, the JAJ
Loyal Trust ("Proxy"), the DLJ Trust
("Proxy"), Julie Ann Jarvis, as trustee, all
of Aledo, Texas; and the Stephen Martin
Jones ("SMJ") Trust V, the SMJ Loyal
Trust ("Proxy"), Stephen Martin Jones, as
trustee, all of Abilene, Texas (the "Control
Group"), in connection with entry into a
Proxy and voting agreement, and
shareholders agreement (collectively, the
"Agreements"), to retain voting shares of
Albany Bancshares, Inc., ("Company"),
and thereby indirectly retain voting shares
of First National Bank of
Albany/Breckenridge, both of Albany,
Texas.
Newspaper:
Not available
Federal Register:
Not available
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
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
RIVERBEND FINANCIAL
CORPORATION
CIC
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, Clinton Dunn, Dallas, Texas,
Andrew Park, Santa Clarita, California,
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
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
645465
VISTA BK, DALLAS, TEXAS
03/01/2021
06/06/2021
S
Int Small Bank
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
District: 12
Federal Reserve Bank of San Francisco
Filings received during the week ending June 12, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FRIENDLY HILLS BANK
* 18C
Friendly Hills Bank, Whittier, California,
to acquire certain deposit liabilities,
assume the leases, and purchase certain
fixed assets, of three branch locations of
Bank of Southern California National
Association, San Diego, California.
Friendly Hills Bank will also consolidate
one of the acquired Bank of Southern
California, National Association branches
into an existing Friendly Hills Bank
branch.
Newspaper:
Not available
Federal Register:
Not applicable
* 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