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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. 46
Week Ending November 13, 2021
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
November 7, 2021 to November 13, 2021
Forms
Forms -- (1) initial Board review to extend with revision the Central Bank Survey of
Foreign Exchange and Derivatives Market Activity (FR 3036) and to extend without
revision the Semiannual Report of Derivatives Activity (FR 2436), Quarterly Savings
and Loan Holding Company Report (FR 2320), Written Security Program for State
Member Banks (FR 4004), Reporting, Recordkeeping, and Disclosure Requirements
Associated with Regulation NN (FR NN), and Procurement Solicitation Package
(FR 1400) and (2) final Board review to extend without revision the Recordkeeping
and Disclosure Requirements Associated with the Consumer Financial Protection
Bureau's Regulation B (FR B).
- Approved, November 12, 2021
Monetary and Financial Policy
Financial Stability Report -- semiannual report.
- Published, November 8, 2021
Personnel
Division of Supervision and Regulation -- appointment of Shannon Kelly as associate
director.
- Announced, November 9, 2021
Enforcement
Mashreqbank psc, Dubai, United Arab Emirates -- consent cease-and-desist order for
unsafe and unsound practices related to sanctions compliance.
- Announced, November 9, 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
November 7, 2021 to November 13, 2021
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
Atlanta
Bank Independent, Sheffield, Alabama -- to establish a branch at 11254 County Line
Road, Madison, Alabama.
- Approved, November 12, 2021
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 2785 East Eldorado
Parkway, Little Elm, Texas.
- Approved, November 9, 2021
Atlanta
Regions Bank, Birmingham, Alabama -- to establish a branch at 650 South Main
Street, Salt Lake City, Utah.
- Approved, November 12, 2021
Bank Holding Companies
Kansas City
First State Fremont, Inc., Fremont, Nebraska -- to acquire Two Rivers Bank, Blair,
Nebraska.
- Approved, November 12, 2021
(A/C) = Addition or Correction
Delegated - 1 of
4
H.2
Actions under delegated authority
November 7, 2021 to November 13, 2021
Bank Holding Companies
St. Louis
German American Bancorp, Inc., Jasper, Indiana -- waiver of application to acquire
Citizens Union Bancorp of Shelbyville, Inc., and thereby indirectly acquire Citizens
Union Bank of Shelbyville, both of Shelbyville, Kentucky, in connection with the
merger of Citizens Union Bank of Shelbyville with and into German American Bank,
Jasper, Indiana.
- Granted, November 9, 2021
Chicago
Readlyn Bancshares, Inc., Saint Paul, Minnesota -- (1) to merge with Tripoli
Bancshares, Inc., Saint Paul, Minnesota, and thereby indirectly acquire American
Savings Bank, Tripoli, Iowa; and (2) to acquire additional shares of Nashua
Bancshares, Inc., Saint Paul, Minnesota.
- Approved, November 8, 2021
Atlanta
Seacoast Banking Corporation of Florida, Stuart, Florida -- waiver of application to
merge with Sabal Palm Bancorp, Inc., and thereby indirectly acquire Sabal Palm
Bank, both of Sarasota, Florida, in connection with the merger of Sabal Palm Bank
into Seacoast National Bank, Stuart, Florida.
- Granted, November 8, 2021
Atlanta
Seacoast Banking Corporation of Florida, Stuart, Florida -- waiver of application to
merge with Business Bank of Florida, Corp., and thereby indirectly acquire Florida
Business Bank, both of Melbourne, Florida, in connection with the merger of Florida
Business Bank into Seacoast National Bank, Stuart, Florida.
- Granted, November 8, 2021
(A/C) = Addition or Correction
Delegated - 2 of
4
H.2
Actions under delegated authority
November 7, 2021 to November 13, 2021
Banks, State Member
St. Louis
First Horizon Bank, Memphis, Tennessee -- to make certain public welfare
investments.
- Returned, November 5, 2021
(A/C)
San Francisco
Westamerica Bank, San Rafael, California -- to make certain public welfare
investments (two requests).
- Approved, November 10, 2021
Change in Bank Control
Atlanta
First Chatsworth Bankshares, Inc., Chatsworth, Georgia -- Andrew C. Heaner,
Cedartown, Georgia, to acquire voting shares of First Chatsworth Bankshares, Inc.,
and thereby indirectly retain voting shares of First National Community Bank,
Chatsworth, Georgia.
- Withdrawn, November 4, 2021
(A/C)
Chicago
Shannon Bancorp, Inc., Shannon, Illinois -- Robin Saar, individually, Shannon,
Illinois, together with Cassandre Rae Mlakar, Lake Carrol, Illinois, and Candace
Schubert, Shannon, Illinois, to form the Saar Family Control Group, to retain voting
shares of Shannon Bancorp, Inc., and thereby indirectly control First State Bank,
Shannon, Illinois.
- Permitted, November 10, 2021
(A/C) = Addition or Correction
Delegated - 3 of
4
H.2
Actions under delegated authority
November 7, 2021 to November 13, 2021
International Operations
New York
Citibank, N.A., Sioux Falls, South Dakota -- to extend the corporate existence of
Citibank Overseas Investment Corporation, New Castle, Delaware.
- Approved, November 10, 2021
Membership
St. Louis
First Community National Bank, Cuba, Missouri -- to retain its membership in the
Federal Reserve System following its conversion to a state-chartered bank (to be
known as FCNB Bank).
- Approved, November 10, 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, November 10, 2021
Savings and Loan Holding Companies
Boston
15 Beach MHC and CFSB Bancorp, both of Quincy, Massachusetts -- (1) to become
a mutual holding company and a savings and loan holding company, respectively, by
acquiring Colonial Federal Savings Bank, Quincy, Massachusetts, following its
conversion from a federal mutual savings bank to a federal stock savings bank and
(2) for CFSB Bancorp, Inc., to conduct a minority stock issuance.
- Approved, November 8, 2021
(A/C) = Addition or Correction
Delegated - 4 of
4
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending November 13, 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 November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
MANUFACTURERS AND
PWI
TRADERS TRUST COMPANY
Manufacturers and Traders Trust
Company, Buffalo, New York, seeks prior
approval to make a public welfare
investment, pursuant to Section 208.22
(d)of Regulation H.
Newspaper:
Not applicable
Federal Register:
Not applicable
VALLEY NATIONAL
BANCORP
Valley National Bancorp, New York, New
York, to acquire Bank Leumi Le-Israel
Corporation, and thereby indirectly acquire
Bank Leumi USA, both of New York, New
York.
Newspaper:
12/03/2021
Federal Register:
12/15/2021
* 3A3
* 3A5
* 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 November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
RIVERBANK FINANCIAL,
MHC
* 3A1
Riverbank Financial, MHC, Carthage, New
York to convert to a Delaware-chartered
mutual bank holding company, and its midtier holding company, Riverbank Financial
Corporation, Carthage, New York, to
convert to a Maryland-chartered stock bank
holding company, upon the conversion of
Carthage Federal Savings & Loan
Association, Carthage, New York, from a
federal stock savings and loan association
to a national bank.
Newspaper:
Not available
Federal Register:
12/16/2021
* 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 November 13, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 4
Federal Reserve Bank of Cleveland
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 5
Federal Reserve Bank of Richmond
Filings received during the week ending November 13, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 5
Federal Reserve Bank of Richmond
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 6
Federal Reserve Bank of Atlanta
Filings received during the week ending November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BUSINESS FIRST
BANCSHARES, INC.
* 3A5
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.
Newspaper:
12/03/2021
Federal Register:
12/15/2021
CB INVESTMENT
HOLDINGS, LLC
* 3A1
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
PEOPLES BANCSHARES,
INC.
CIC
Bradley C. Davis, Charleston, South
Carolina, a member of the Davis Family
Group, to retain voting shares of Peoples
Bancshares, Inc., and thereby indirectly
retain voting shares of Peoples Bank, both
of Mendenhall, Mississippi.%%%%In
addition, Sidney Dewitt Davis III,
Mendenhall, Mississippi and Bradley C.
Davis, Charleston, South Carolina, as cotrustees for The Sid Davis Trust; Melissa
Lenox, Charleston, South Carolina; Steve
Ammann and Steven Wade Ammann, both
of Mendenhall, Mississippi; Charles
Cockrell, Dauphin Island, Alabama;
Michael Tolleson and Brian Jernigan, both
of Madison, Mississippi; Margaret
Steinberger, trustee of the Margaret
Steinberger Revocable Trust and Bruce
Steinberger, both of Coral Gables, Florida;
Audrey Davis, Magee, Mississippi; to join
the Davis Family Group, a group acting in
concert, to retain voting shares of Peoples
Bancshares, Inc., and thereby indirectly
retain voting shares of Peoples Bank, both
of Mendenhall, Mississippi.
Newspaper:
11/24/2021
Federal Register:
Not available
* 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 November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BYLINE BANCORP, INC.
CIC
Maria Blanca del Valle Perochena, Mexico
City, Mexico; and Maria de Guadalupe del
Valle Perochena, Mexico City, Mexico; to
become limited partners in MBG Investors
I, L.P., Ontario, Canada, thereby indirectly
acquiring voting shares of Byline Bancorp,
Inc. and Byline Bank, both of Chicago,
Illinois.
Newspaper:
Not available
Federal Register:
Not available
Carrie L. Brown, Storm Lake, Iowa; Joleen
M. Brown, Spirit Lake, Iowa; Timothy J.
Brown CFC Revocable Trust, Timothy J.
Brown, as trustee, both of Storm Lake,
Iowa; John C. Brown CFC Revocable
Trust, John C. Brown, as trustee, both of
Spirit Lake, Iowa; John C. Brown 2020
DGT Exempt Trust, Paul Brown, as
trustee, both of Spirit Lake, Iowa; Joleen
M. Brown 2021 DGT Exempt Trust, Paul
Brown, as trustee, both of Spirit Lake,
Iowa; and CFC Control Trust, Nick Brown,
as trustee, both of Storm Lake, Iowa; to
become members of the Brown Family
Control Group, a group acting in concert,
to acquire voting shares of Commercial
Financial Corp., and thereby indirectly
acquire voting shares of Central Bank, both
of Storm Lake, Iowa.
Newspaper:
Not available
Federal Register:
11/26/2021
Notice by Mark R. Peterson, as trustee to
the following trusts: the First Amended and
Restated Mark R. Peterson Bank Trust, the
First Amended and Restated Susan P.
Depass Bank Trust, the First Amended and
Restated Chase R. Peterson Bank Trust,
the First Amended and Restated Clair P.
Peterson Bank Trust, the First Amended
and Restated Cole M. Peterson Bank Trust,
and the First Amended and Restated Aja
M. Depass Bank Trust, all of Dakota
Dunes, South Dakota; to join the Peterson
Family Control Group, a group acting
concert, to retain voting shares of Liberty
Financial Services, Inc. and thereby
indirectly retain voting shares of Liberty
National Bank, both of Sioux City, Iowa
Newspaper:
Not available
Federal Register:
Not available
COMMERCIAL FINANCIAL
CORP.
CIC
LIBERTY FINANCIAL
SERVICES, INC.
CIC
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 8
Federal Reserve Bank of St. Louis
Filings received during the week ending November 13, 2021
Filer
Filing Type
NONE
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
District: 8
Federal Reserve Bank of St. Louis
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
27847
DIAMOND BK, MURFREESBORO, ARKANSAS
07/19/2021
11/08/2021
S
Int Small Bank
785473
FIRST SAVINGS BK, JEFFERSONVILLE, INDIANA
01/06/2020
11/08/2021
NI
Int Small Bank
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
AMERICAN BANCOR, LTD.
* 3A3
American Bancor, Ltd., Dickinson, North
Dakota, to acquire Financial Security
Bank, Kerkhoven, Minnesota.
Newspaper:
Not available
Federal Register:
12/01/2021
Bosshard Bank Irrevocable Trust u/a/d
October 21, 2021, South Dakota Trust
Company, LLC., as trustee, both of Sioux
Falls, South Dakota; and Andrew R.
Bosshard, as trust protector, La Crosse,
Wisconsin; to join a group acting in
concert to acquire voting shares of
Bosshard Banco, Ltd., La Crosse,
Wisconsin, and indirectly acquire voting
shares of Intercity State Bank, Schofield,
Wisconsin, and The First National Bank of
Bangor, Bangor, Wisconsin.
Newspaper:
Not available
Federal Register:
Not available
Bosshard Bank Irrevocable Trust u/a/d
October 21, 2021, South Dakota Trust
Company, LLC., as trustee, both of Sioux
Falls, South Dakota; and Andrew R.
Bosshard, as trust protector, La Crosse,
Wisconsin; to join a group acting in
concert to acquire voting shares of Clayton
Bankshares, Inc., and indirectly acquire
voting shares of Citizens State Bank-La
Crosse, both of La Crosse, Wisconsin.
Newspaper:
Not available
Federal Register:
Not available
First Interstate BancSystem, Inc., Billings,
Montana, to merge with Great Western
Bancorp, Inc., and thereby indirectly
acquire Great Western Bank, both of Sioux
Falls, South Dakota. Additionally, First
Interstate Bank, Billings, Montana, to
merge with Great Western Bank, Sioux
Falls, South Dakota and, incident thereto,
establish branches.
Newspaper:
Not available
Federal Register:
12/15/2021
BOSSHARD BANCO, LTD.
CIC
CLAYTON BANKSHARES,
INC.
CIC
FIRST INTERSTATE
BANCSYSTEM, INC.
* 18C
* 3A5
* Branch
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
HIGHLAND BANCSHARES,
INC.
CIC
Richard M. Wall, Eden Prairie, Minnesota,
Elizabeth Wall Lee, Sunfish Lake,
Minnesota, and John K. Wall, Wayzata,
Minnesota, to retain voting shares of
Highland Bancshares, Inc., Saint Michael,
Minnesota (HBI), and thereby indirectly
retain voting shares of Highland Bank,
Saint Michael, Minnesota (Bank). In
addition, the 2012 Grantor Trust for
Richard M. Wall and Family U/A dated
12/26/12, the Emilie Grace Wall 2020
Irrevocable Trust U/A dated 12/26/20, the
Ericka Marie Wall 2020 Irrevocable Trust
U/A dated 12/26/20, and the Julianna Karin
Wall 2020 Irrevocable Trust U/A dated
12/26/20, all of Minneapolis, Minnesota
(Richard M. Wall trustee); the 2012
Grantor Trust for John K. Wall and Family
dated 12/26/12, the Lauren Wall 2020
Irrevocable Trust U/A dated 12/26/20, and
the Jack Wall 2020 Irrevocable Trust U/A
dated 12/26/20, all of Minneapolis,
Minnesota (John K. Wall trustee); the 2012
Grantor Trust for Elizabeth W. Lee and
Family U/A dated 12/26/12, the Kevin
Connor Lee 2020 Irrevocable Trust U/A
dated 12/26/20, and the Shannon Elizabeth
Lee 2020 Irrevocable Trust U/A dated
12/26/20, all of Minneapolis, Minnesota
(Elizabeth Wall Lee trustee); to join the
Wall family control group acting in concert
by acquiring shares of HBI and thereby
indirectly acquiring shares of Bank.
Newspaper:
Not available
Federal Register:
11/19/2021
MSB BANKSHARES, INC.
CIC
Gene R. Mottes, Iron River, Michigan, to
acquire voting shares of MSB Bankshares,
Inc. and thereby indirectly acquire voting
shares of The Miners State Bank, both of
Iron River, Michigan.
Newspaper:
Not available
Federal Register:
11/24/2021
Opportunity Bank of Montana, Helena,
Montana, to merge with First Community
Bank, Glasgow, Montana, and incident
thereto, establish branches.
Newspaper:
Not available
Federal Register:
Not applicable
PB Family Bancshares, Inc., Hastings,
Minnesota, to become a bank holding
company by acquiring 100 percent of
Premier Bank Minnesota, Farmington,
Minnesota, and Premier Bank Rochester,
Rochester, Minnesota.
Newspaper:
Not available
Federal Register:
Not available
OPPORTUNITY BANK OF
MONTANA
* 18C
PB FAMILY BANCSHARES,
INC.
* 3A1
* Branch
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Filings received during the week ending November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
PLAINS COMMERCE
FINANCIAL, INC.
CIC
The Jerome Hageman Stock Trust 2020,
Stephen Hageman, as trustee, both of
Watertown, South Dakota, to join the
Hageman Family Control Group, a group
acting in concert, to retain voting shares of
Plains Commerce Financial, Inc. and
thereby indirectly retain shares of Plains
Commerce Bank, both of Hoven, South
Dakota.
Newspaper:
Not available
Federal Register:
Not available
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
Pamela J. Bjerke, Rice, Minnesota; to
acquire control of voting shares of Stearns
Financial Services, Inc. (Stearns), by
becoming a trustee of Stearns Financial
Services, Inc. Employee Stock Ownership
Plan and Trust, both of St. Cloud,
Minnesota, which owns Stearns, and
thereby indirectly owns Stearns Bank N.A.,
St. Cloud, Minnesota, Stearns Bank of
Upsala, N.A., Upsala, Minnesota, and
Stearns Bank of Holdingford, N.A.,
Holdingford, Minnesota.
Newspaper:
Not available
Federal Register:
Not available
STEARNS FINANCIAL
CIC
SERVICES, INC. EMPLOYEE
STOCK OWNERSHIP PLAN
* 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 November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FBHC HOLDING COMPANY
CIC
Kyle Heckman, Lafayette, Colorado,
individually and as trustee of the Flatirons
Bank Employee Stock Ownership Plan and
Trust, Boulder, Colorado, to acquire voting
shares of FBHC Holding Company,
Boulder, Colorado, and indirectly acquire
voting shares of Flatirons Bank, Boulder,
Colorado.
Newspaper:
11/24/2021
Federal Register:
11/24/2021
FIRST BETHANY BANCORP, CIC
INC.
The Dorothy J. Pierce Living Trust and
Dorothy J. Pierce, as trustee, both of
Oklahoma City, Oklahoma, to join the
Pierce Family Group, a group acting in
concert, and to acquire voting shares of
First Bethany Bancorp, Inc., and thereby
indirectly acquire voting shares of First
Bethany Bank & Trust, both of Bethany,
Oklahoma.
Newspaper:
11/08/2021
Federal Register:
11/05/2021
FIRST NATIONAL
CIC
FINANCIAL CORPORATION
Kerstin Eckstrom, Lincoln, Nebraska, and
Lynne Petro, Shoal Creek, Alabama, to
join the Olson Family Control Group, a
group acting in concert, and retain voting
shares of First National Financial
Corporation, and indirectly retain voting
shares of Bank of Estes Park, both of Estes
Park, Colorado.
Newspaper:
Not available
Federal Register:
11/15/2021
O & F CATTLE COMPANY
Kerstin Eckstrom, Lincoln, Nebraska, and
Lynne Petro, Shoal Creek, Alabama, to
join the Olson Family Control Group, a
group acting in concert, and to retain
voting shares of O & F Cattle Company,
and indirectly retain voting shares of
Nebraska State Bank, both of Oshkosh,
Nebraska.
Newspaper:
Not available
Federal Register:
11/15/2021
RCB Bank, Claremore, Oklahoma, to
purchase certain assets and assume certain
liabilities of the branches of Arvest Bank,
Fayetteville, Arkansas, located at 301 West
4th Avenue, Caney, Kansas, and 125 West
Canadian, Vinita, Oklahoma; and incident
thereto, to establish two branches.
Newspaper:
Not available
Federal Register:
Not applicable
RCB BANK
CIC
* 18C
* Branch
* 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 November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
ANIMO BANCORP, INC.
* 3A1
Animo Bancorp, Inc., Ganado, Texas, to
become a bank holding company, by
acquiring Ganado Bancshares, Inc, and
thereby indirectly acquiring The Citizens
State Bank of Ganado, both of Ganado,
Texas.
Newspaper:
Not available
Federal Register:
Not available
The Shana Lowery De Paoli 2021 Trust
(Shana Lowery De Paoli, trustee), Shana
Lowery De Paoli, individually, both of
Dallas, Texas, The Lane Lowery 2021
Trust (Shana Lowery De Paoli, trustee),
Lane Lowery, individually, both of
Huntington, Texas, intend to apply to the
Federal Reserve Board for permission to
join, and act in concert under the Change
in Bank Control Act to retain control of 25
percent or more of UBank Holdings, Inc.
(formerly Huntington Bancshares, Inc.),
which controls UBank, both of Huntington,
Texas
Newspaper:
Not available
Federal Register:
Not available
Notice under the Change in Bank Control
Act ("CIBCA") by Curtis C. Griffith,
Lubbock, Texas, for permission, in his
individual capacity, to retain 14.50 percent
or more, of the outstanding voting shares
of South Plains Financial, Inc.,
("Company") and indirectly retain voting
shares of City Bank ("Bank"), both of
Lubbock, Texas. Cynthia Ann Griffith;
and the Curtis Clay Griffith 2021
Irrevocable Trust, Cynthia Ann Griffith, as
trustee; the Richard Thomas White 2021
Trust, Curtis C. Griffith, as trustee; the
Birdie Lucille White 2021 Trust, Curtis C.
Griffith, as trustee; the William Hogan
White 2021 Trust, Curtis C. Griffith, as
trustee; the Sydney Suzanne Griffith 2021
Trust, Curtis C. Griffith, as trustee; the
Johnathan Brockway Griffith 2021 Trust,
Curtis C. Griffith, as trustee; (collectively
"New Member Trusts and Trustees"), also
provided notification, to join Curtis C.
Griffith and establish the Griffith Family
control group, a group acting in concert, all
of Lubbock, Texas, to retain control of
voting shares of Company and indirectly
Bank. In addition, Curtis C. Griffith,
provided notification, for permission to act
as the holder of a proxy with power to
exercise 14.50 percent of the outstanding
voting shares of Company under a Proxy
and Voting Agreement among the New
Member Trusts and Trustees.
Newspaper:
Not available
Federal Register:
11/05/2021
HUNTINGTON
BANCSHARES, INC.
CIC
SOUTH PLAINS FINANCIAL, CIC
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 November 13, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BAWAG P.S.K. BANK FUR
FBSEA
ARBAIT UND WIRTSCHAFT
UND OSTERREICHISCHE
POSTSPARKASSE
AKTIENGESELLSCHAFT
BAWAG P.S.K. Bank Fur Arbeit und
Wirtschaft und Osterreichische
Postsparkasse Aktiengesellschaft, Wien,
Austria, to establish a representative office
at 521 Boccaccio Avenue, Venice,
California, pursuant to section 10(a) of the
International Banking Act.
Newspaper:
Not available
Federal Register:
Not applicable
UNITED BUSINESS BANK
1)United Business Bank, Walnut Creek,
California, to acquire Pacific Enterprise
Bank, Irvine, California, 2) Pacific
Enterprise Bancorp, Irvine, California, to
merge with and into Baycom Corp, Walnut
Creek, California; and 3)United Business
Bank to acquire one branch office of
Pacific Enterprise Bank.
Newspaper:
Not available
Federal Register:
Not available
Western Alliance Bank, Phoenix, Arizona,
requests prior approval to make a public
welfare investment of $25.0 million in
Merchants Capital Tax Credit Equity Fund
V, L.P.
Newspaper:
Not applicable
Federal Register:
Not applicable
* 18C
* 3A5
* Branch
WESTERN ALLIANCE BANK PWI
* 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