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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. 40
Week Ending October 2, 2021
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
September 26, 2021 to October 2, 2021
Testimony and Statements
Coronavirus and CARES Act -- statement by Chair Powell before the Senate
Committee on Banking, Housing, and Urban Affairs on September 28 and the House
Committee on Financial Services on September 30, 2021.
- Published, September 28, 2021
Forms
Forms -- initial Board review to extend with revision the Weekly Report of Selected
Assets and Liabilities of Domestically Chartered Commercial Banks and U.S.
Branches and Agencies of Foreign Banks (FR 2644) and Disclosure Requirements of
Subpart H of Regulation H (Consumer Protection in Sales of Insurance) (FR H-7);
initial Board review to extend without revision the Application Form for Membership
on the Community Advisory Council (FR 1401); final Board review to extend with
revision the Report of Selected Money Market Rates (FR 2420); and final Board
review to extend without revision the Supervisory and Regulatory Survey (FR 3052)
and Policy Impact Survey (FR 3075).
- Approved, September 29, 2021
Personnel
Division of Supervision and Regulation -- appointment of Uzma Wahhab as associate
director.
- Announced, September 30, 2021
Regulations and Policies
Fedwire® Funds Service -- notice of the Federal Reserve Banks' adoption of the
ISO® 20022 message format and request for comment on a proposal to expedite
adoption.
- Approved, September 30, 2021
(A/C) = Addition or Correction
Board - Page 1 of
2
H.2
Board Actions
September 26, 2021 to October 2, 2021
Enforcement
The Bank & Trust, S.S.B., Del Rio, Texas -- cease-and-desist order dated August 18,
2017, terminated September 17, 2021.
- Announced, September 23, 2021
(A/C)
Simmons Bank, Pine Bluff, Arkansas -- consent order of prohibition against
Brent Harness, a former institution-affiliated party.
- Announced, September 23, 2021
(A/C)
UBS AG, Zurich, Switzerland, and UBS AG, Stamford Branch, Stamford,
Connecticut -- cease-and-desist order dated May 20, 2015, terminated September 23,
2021.
- Announced, October 1, 2021
(A/C) = Addition or Correction
Board - Page 2 of
2
H.2
Actions under delegated authority
S&R Supervision and Regulation
C&CA Consumer and Community Affairs
FOMC Federal Open Market Committee
September 26, 2021 to October 2, 2021
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
St. Louis
First State Bank, Russellville, Arkansas -- to establish a branch at 3654 Investment
Drive, Fayetteville, Arkansas.
- Returned, September 29, 2021
San Francisco
Heritage Bank of Commerce, San Jose, California -- to establish a branch at
1111 Broadway Street, Oakland, California.
- Approved, October 1, 2021
St. Louis
TPNB Bank, Paris, Missouri -- to establish a branch at 205 South Center Street,
Shelbina, Missouri.
- Approved, September 30, 2021
San Francisco
Western Alliance Bank, Phoenix, Arizona -- to establish a branch at 1725 Blake
Street, Denver, Colorado.
- Approved, September 28, 2021
Bank Holding Companies
San Francisco
Banc of California, Inc., Santa Ana, California -- to acquire Pacific Mercantile
Bancorp and thereby indirectly acquire Pacific Mercantile Bank, both of Costa Mesa,
California.
- Approved, October 1, 2021
(A/C) = Addition or Correction
Delegated - 1 of
4
H.2
Actions under delegated authority
September 26, 2021 to October 2, 2021
Bank Holding Companies
Richmond
First Bancorp, Southern Pines, North Carolina -- to acquire Select Bancorp, Inc., and
thereby indirectly acquire Select Bank & Trust Company, both of Dunn, North
Carolina, and for First Bank, Southern Pines, to merge with Select Bank & Trust
Company and thereby establish branches.
- Approved, September 28, 2021
Dallas
Woodforest Financial Group Employee Stock Ownership Plan (with 401(k)
Provisions) (Amended and Restated Eff. 01/01/16), The Woodlands, Texas, and
Woodforest Financial Group Employee Stock Ownership Trust -- to acquire shares of
Woodforest Financial Group, Inc., and indirectly acquire Woodforest National Bank,
both of The Woodlands, Texas.
- Approved, October 1, 2021
Banks, State Member
St. Louis
First Bank, Creve Coeur, Missouri -- to make a public welfare investment.
- Approved, October 1, 2021
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare
investment.
- Approved, September 30, 2021
San Francisco
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, September 24, 2021
(A/C)
(A/C) = Addition or Correction
Delegated - 2 of
4
H.2
Actions under delegated authority
September 26, 2021 to October 2, 2021
Change in Bank Control
Kansas City
Cedar Rapids State Company, Cedar Rapids, Nebraska -- Kathleen Sullivan,
Cedar Rapids, Nebraska, to acquire voting shares of Cedar Rapids State Company
and thereby indirectly acquire voting shares of Cedar Rapids State Bank, Cedar
Rapids, Nebraska, and to join the Sullivan Family Group.
- Permitted, September 29, 2021
Minneapolis
Ipswich Community Bancshares, Inc., Ipswich, South Dakota -- Patty Beyers,
Roscoe, South Dakota, to retain voting shares of Ipswich Community Bancshares,
Inc., and thereby indirectly retain voting shares of Ipswich State Bank, Ipswich,
South Dakota.
- Permitted, September 27, 2021
Chicago
Milledgeville Bancorp, Inc., Milledgeville, Illinois -- Cheryl Allen, Sterling, Illinois;
Gregg DeVries, Byron, Illinois; and Sandra K. DeVries Trust, Sandra K. Devries, as
trustee, and Roger P. DeVries Trust, Roger P. DeVries, as trustee, all of Milledgeville,
Illinois, as the DeVries Family Control Group, a group acting in concert, and Edward
M. Tyne, Kay F. Tyne, and Margaret A. Tyne, all of Polo, Illinois, and Courtney Tyne,
Washington, D.C., as the Tyne Family Control Group, a group acting in concert, to
acquire additional voting shares of Milledgeville Bancorp, Inc., and thereby
indirectly acquire voting shares of Milledgeville State Bank, Milledgeville, Illinois.
- Permitted, October 1, 2021
(A/C) = Addition or Correction
Delegated - 3 of
4
H.2
Actions under delegated authority
September 26, 2021 to October 2, 2021
Change in Bank Control
Dallas
Security Holding Company, Fredericksburg, Texas -- Security State Bank & Trust
("Bank"), Fredericksburg, Texas, to retain control of voting the shares of Security
Holding Company ("Company"), Fredericksburg, Texas, as co-trustee of the Kathleen
Keller 2016 Trust, Blanco County, Texas, and the Kay Durst Family 2016 Trust,
Gillespie County, Texas, which owns Company stock and thereby indirectly owns
Bank. Additionally, the Elliott Gage Hayne GST Trust, Elliott Gage Hayne, as
trustee; the James L. Hayne Jr. GST Trust, James L. Hayne Jr., as trustee; the Nancy
Elliott Hayne GST Trust, Nancy Elliott Hayne, as trustee; and the Walter Catto
Hayne GST Trust, Walter Catto Hayne, as trustee, all of San Antonio, Texas, have
provided notification to join other members of the Bonnen/Durst/Hayne/Igler/Keller/
Kemp/LeJeune/Loth control group, a group acting in concert, to retain voting shares
of Company and indirectly Bank.
- Permitted, October 1, 2021
Extensions of Time
Kansas City
Banner County Ban Corporation Employee Stock Ownership Plan and Trust,
Harrisburg, Nebraska -- extension to January 1, 2022, to acquire additional voting
shares of Banner County Ban Corporation and thereby indirectly acquire additional
voting shares of Banner Capital Bank, both of Harrisburg, Nebraska.
- Granted, September 30, 2021
Supervision and Regulation
Director, S&R
Santander Holdings USA, Inc., Boston, Massachusetts -- to make capital distributions
in the third quarter of 2021 after the occurrence of an event requiring resubmission of
its capital plan.
- Approved, September 30, 2021
(A/C) = Addition or Correction
Delegated - 4 of
4
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
15 BEACH MHC
* MHC Formation
15 Beach MHC (in formation) and CFSB
Bancorp, Inc. (in formation), both of
Quincy, Massachusetts, to become a
mutual holding company and a savings and
loan holding company, respectively, by
acquiring 100% of the voting shares of
Colonial Federal Savings Bank, Quincy,
Massachusetts following the conversion of
Colonial Federal Savings Bank, Quincy,
Massachusetts, from a federal mutual
savings bank to a federal stock savings
bank, and for CFSB Bancorp Inc. to
conduct a minority stock issuance.
Newspaper:
Not available
Federal Register:
10/21/2021
Application by Citizens Financial Group,
Inc. and its wholly-owned subsidiary bank,
Citizens Bank N.A., both of Providence,
Rhode Island to acquire Investors Bancorp,
Inc. and its wholly-owned subsidiary bank,
Investors Bank, both of Short Hills, New
Jersey 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.
Newspaper:
Not available
Federal Register:
10/21/2021
MHC Minority
Stock Issuance
CITIZENS FINANCIAL
GROUP, INC.
* 3A3
* 3A5
* Subject to the provisions of the Community Reinvestment Act
District: 1
Federal Reserve Bank of Boston
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 2
Federal Reserve Bank of New York
Filings received during the week ending October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
ADIRONDACK TRUST
COMPANY, THE
Premises
The Adirondack Trust Company, Saratoga
Springs, New York, to increase its
investment in bank premises, pursuant to
Section 24A of the Federal Reserve Act
and Section 208.21 of Regulation H.
Newspaper:
Not applicable
Federal Register:
Not applicable
DELTA INVESTMENT
COMPANY (CAYMAN)
CIC
Notice of Change in Control by Lucia de
Campos Faria, Junia de Campos Faria
Ziegelmeyer, and Eliana de Campos Faria,
all of Sao Paulo, Brazil; Flavia Faria
Vasconcellos, Rio de Janeiro, Brazil; The
FC Family Trust, The White Dahlia
Company Inc. as trustee of the FC Family
Trust, both of Hampton, New Hampshire;
and Claudia de Faria Carvalho, New York,
New York, as primary beneficiary of the
FC Family Trust; to acquire voting shares
of Delta Investment Company (Cayman),
Georgetown, Cayman Islands, and thereby
indirectly acquire voting shares of Delta
National Bank and Trust Company, New
York, New York.
Newspaper:
10/13/2021
Federal Register:
10/02/2021
DIME COMMUNITY BANK
* Branch
Dime Community Bank, Bridgehampton,
New York, to establish a branch office to
be located at 60 East 42nd Street, New
York, New York.
Newspaper:
Not available
Federal Register:
Not applicable
ING Bank N.V., Amsterdam, Netherlands,
to establish a representative office located
in Houston, Texas, pursuant to Section 10
(a) of the International Banking Act and
Section 211.24(a)(2)(i)(B)(3) of Regulation
K.
Newspaper:
10/16/2021
Federal Register:
Not applicable
ING BANK NV
FBSEA
* 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 October 2, 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 October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
VANGUARD GROUP, INC.
CIC
Change in Control notice submitted by The
Vanguard Group, Inc., Malvern, PA, on
behalf of itself, its subsidiaries and
affiliates (together with The Vanguard
Group, Inc., "Vanguard"), and the
investment companies registered under the
Investment Company Act of 1940, other
pooled investment vehicles, and
institutional accounts that are sponsored,
managed, or advised by Vanguard (the
"Vanguard funds"), for the Vanguard funds
to increase the aggregate ownership
position of the Vanguard funds to more
than 15% of the common stock of First
Commonwealth Financial Corporation,
Indiana, Pennsylvania, parent of First
Commonwealth Bank, Indiana,
Pennsylvania.
Newspaper:
Not available
Federal Register:
10/21/2021
Change in Control notice submitted by The
Vanguard Group, Inc., Malvern, PA, on
behalf of itself, its subsidiaries and
affiliates (together with The Vanguard
Group, Inc., "Vanguard"), and the
investment companies registered under the
Investment Company Act of 1940, other
pooled investment vehicles, and
institutional accounts that are sponsored,
managed, or advised by Vanguard (the
"Vanguard funds"), for the Vanguard funds
to increase the aggregate ownership
position of the Vanguard funds to more
than 15% of the common stock of PNC
Financial Services Group, Inc., Pittsburgh,
PA, parent company of PNC Bank,
National Association, Pittsburgh, PA.
Newspaper:
Not available
Federal Register:
10/21/2021
VANGUARD GROUP, INC.
CIC
* 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 October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
SOUTHERN BANCSHARES
(N.C.), INC.
* 3A3
Southern Bancshares (N.C.), Inc., Mount
Olive, North Carolina, to acquire up to
19.9% of the outstanding voting securities
of Old Point Financial Corporation,
Hampton, Virginia, and thereby indirectly
acquire an interest in The Old Point
National Bank of Phoebus, Hampton,
Virginia.
Newspaper:
10/20/2021
Federal Register:
10/25/2021
* 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 October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
VANGUARD GROUP, INC.
CIC
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 voting shares of United
Community Banks, Inc., Blairsville,
Georgia. and thereby indirectly acquire
voting shares of United Community Bank,
of Greenville, South Carolina
Newspaper:
Not available
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 October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
BANK MICHIGAN
FINANCIAL
* 18C
Bank Michigan Financial Corporation,
Brooklyn, Michigan, to become a bank
holding company by acquiring Bank
Michigan, Brooklyn, Michigan.
Newspaper:
10/31/2021
Federal Register:
09/15/2021
CIB MARINE BANCSHARES, CIC
INC.
Stilwell Activist Investments, L.P, Stilwell
Activist Fund, L.P., and Stilwell Value
Partners VII, L.P., known as The Stilwell
Group, all of New York, New York;
Stilwell Value LLC, New York, New
York, the general partner of each of the
limited partnerships; Joseph D. Stilwell,
San Juan, Puerto Rico, managing member
of Stilwell Value LLC, a group acting in
concert, to acquire up to 14.99 percent of
voting shares of CIB Marine Bancshares,
Inc., Brookfield, Wisconsin, and thereby
indirectly acquire voting shares of CIBM
Bank, Champaign, Illinois.
Newspaper:
Not available
Federal Register:
10/12/2021
FIRST LENA CORPORATION CIC
Dean A. Holmes General Trust, Dean
Holmes as trustee, Lena, Illinois, Arlene E.
Holmes General Trust, Arlene E. Holmes
as trustee, Lena, Illinois, Neil Holmes,
Lena, Illinois, Craig Holmes, Pearl City.
Illinois, David Holmes, Erie, Pennsylvania,
Kevin Holmes, Mesa, Arizona, and Kay
Overson, San Diego, California, as a group
acting in concert, to join the Holmes family
control group, and to retain 10 percent or
more of First Lena Corporation, Lena,
Illinois. First Lena Corporation controls
Citizens State Bank, Lena, Illinois.
Newspaper:
Not available
Federal Register:
Not available
Ralph C. Stayer, Naples, Florida, together
with Kimberly L. Johnson, Naples, Florida,
and Lisa M. Reilly, Phoenix, Arizona, both
as trustees of the RFS 2010 Irrevocable
Trust F/B/O Ralph C. Stayer, Fond du Lac,
Wisconsin, and the Shelly A. Stayer 2010
Childrens Trust, Fond du Lac, Wisconsin;
Brittany B. Wagner, Brooke B. StayerWagner, Jonathan B. Wagner, all of
Mequon, Wisconsin; and Michael StayerSuprick, Sheboygan, Wisconsin, to join the
Stayer Family Control Group and retain 25
percent or more of Hometown Bancorp,
LTD. and indirectly control Hometown
Bank, both of Fond du Lac, Wisconsin.
Newspaper:
Not available
Federal Register:
Not available
Old Second Bancorp, Inc., Aurora, Illinois
to merge with West Suburban Bancorp,
Inc. and thereby indirectly acquire West
Suburban Bank, both of Lombard, Illinois.
Newspaper:
09/20/2021
Federal Register:
10/01/2021
* 3A1
HOMETOWN BANCORP,
LTD.
CIC
OLD SECOND BANCORP,
INC.
* 3A5
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
READLYN BANCSHARES,
INC.
* 3A3
Readlyn Bancshares, Inc., Saint Paul,
Minnesota to merge with Tripoli
Bancshares, Inc., Saint Paul, Minnesota,
and thereby indirectly acquire American
Savings Bank, Tripoli, Iowa. In addition,
Readlyn Bancshares, Inc. to acquire an
additional 15 percent, for a total of 35
percent of the voting shares of Nashua
Bancshares, Inc., Saint Paul, Minnesota.
Newspaper:
10/24/2021
Federal Register:
10/21/2021
SHANNON BANCORP, INC.
CIC
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 25 percent or
more of the voting shares of Shannon
Bancorp, Inc., and thereby indirectly
control First State Bank, both of Shannon,
Illinois.
Newspaper:
Not available
Federal Register:
Not available
Notice by James G. Fitzgerald Trust Dated
August 31, 1988, Gerald F. Fitzgerald
Family Trust UAD January 18, 1988,
Spoonbill Trust, Anhinga Trust, and
Sandhill Trust, all with James G.
Fitzgerald, Naples, Florida, as trustee;
Whooper Trust with Jane M. Fitzgerald,
Naples, Florida, as trustee; and Gerald F.
Fitzgerald, Jr. Trust Dated September 10,
1987, with Gerald F. Fitzgerald, Jr.,
Chicago, Illinois, as trustee to join the
Fitzgerald Family Control Group, a group
acting in concert to acquire additional
voting shares of Southern Wisconsin
Bancshares Corporation, Inverness, Illinois
and thereby indirectly acquire voting
shares of Farmers Savings Bank, Mineral
Point, Wisconsin.
Newspaper:
09/29/2021
Federal Register:
10/04/2021
SOUTHERN WISCONSIN
BANCSHARES
CORPORATION
* 3A5
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 October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FIRST STATE BANK
* Branch
First State Bank, Russellville, Arkansas, to
establish a branch facility to be located at
3654 Investment Drive, Fayetteville,
Arkansas.
Newspaper:
Not available
Federal Register:
Not applicable
Notification submitted by The Vanguard
Group, Inc., Malvern, Pennsylvania, on
behalf of itself, its subsidiaries and
affiliates (together with The Vanguard
Group, Inc., "Vanguard"), and the
investment companies registered under the
Investment Company Act of 1940, other
pooled investment vehicles, and
institutional accounts that are sponsored,
managed, or advised by Vanguard (the
"Vanguard funds"), to increase the
aggregate ownership position of the
Vanguard funds to more than 15 percent of
the common stock of Renasant
Corporation, Tupelo, Mississippi, parent of
Renasant Bank, Tupelo, Mississippi.
Newspaper:
Not available
Federal Register:
10/21/2021
VANGUARD GROUP, INC.
CIC
* 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 October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FRANDSEN FINANCIAL
CORPORATION
* 3A3
Frandsen Financial Corporation, Arden
Hills, Minnesota, to acquire Bank of
Zumbrota, Zumbrota, Minnesota, and Pine
Island Bank, Pine Island, Minnesota.
Newspaper:
Not available
Federal Register:
10/28/2021
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 10
Federal Reserve Bank of Kansas City
Filings received during the week ending October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
AMERICAN NATION BANK
* Branch
American Nation Bank, Ardmore,
Oklahoma, to establish a branch at 1003
Memorial Drive, Marietta, Oklahoma.
Newspaper:
10/04/2021
Federal Register:
Not applicable
First State Fremont, Inc., Fremont,
Nebraska, to acquire Two Rivers Bank,
Blair, Nebraska.
Newspaper:
Not available
Federal Register:
Not available
First Western Financial, Inc., Denver,
Colorado, to merge with Teton Financial
Services, Inc., Wilson, Wyoming, and
thereby indirectly acquire Rocky Mountain
Bank, Jackson, Wyoming.
Newspaper:
10/08/2021
Federal Register:
10/28/2021
Notice submitted by Charlotte Walden, as
trustee of the George D. Walden Family
Trust, both of Garden Plain, Kansas, and
members of the Walden Family Group, a
group acting in concert, to retain voting
shares of Garden Plain Bancshares, Inc.,
Wichita, Kansas (the company), and
thereby indirectly acquire voting shares of
Garden Plain State Bank, Wichita, Kansas.
In addition, Tyler Walden, Wichita,
Kansas; Mary Conley, Savage, Minnesota;
and the Kelli Walden Ventling Revocable
Trust, Kelli Walden Ventling, trustee, to
retain voting shares of the company and to
join the Walden Family Group.
Newspaper:
Not available
Federal Register:
Not available
Mary Beth Woods, of Plains, Kansas, to
retain voting shares of Plains Bancshares,
Inc., and indirectly retain voting shares of
The Plains State Bank, both of Plains
Kansas. Additionally, Walker Clawson;
Gatlin Clawson; Korben Clawson; and the
LAC Clawson Irrevocable Trust, David
Clawson and Daniel Clawson, co-trustees;
all of Plains, Kansas; and Abigail Giles;
Betsy Giles; Matthew Giles; and Josiah
Giles; all of Byers, Kansas; to join the
Clawson Family Group, a group acting in
concert, to retain voting shares of Plains
Bancshares, Inc. and indirectly retain
voting shares of The Plains State Bank.
Newspaper:
Not available
Federal Register:
10/19/2021
Union State Bank, Clay Center, Kansas to
merge with Bank of Palmer, Palmer,
Kansas, and incident thereto, to establish
branches at 104 E. 2nd Street, Palmer,
Kansas and 11 S. Center Street, Barnes,
Kansas.
Newspaper:
11/05/2021
Federal Register:
Not applicable
FIRST STATE FREMONT,
INC.
* 3A3
FIRST WESTERN
FINANCIAL, INC.
* 3A3
GARDEN PLAIN
BANCSHARES, INC.
CIC
* 3A5
PLAINS BANCSHARES, INC. CIC
UNION STATE BANK
* 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 October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
CENTRAL BANCSHARES,
INC.
CIC
Prior notice by the John H. Young 2020
Trust, Houston, Texas (Edward E. Hartline
and Gus K. Eifler as co-trustees) to acquire
more than 25 percent of the shares of
Central Bancshares, Inc., Houston Texas,
and indirectly Central Bank, Houston,
Texas
Newspaper:
Not available
Federal Register:
Not available
Prior notice under the Change in Bank
Control Act by Rita Hancock, El Campo,
Texas, individually and as trustee of the
John W. Hancock, Jr. SB Trust, to acquire
greater than 10 percent of Louise,
Bancshares, Inc., Louise, Texas, and
indirectly, The First State Bank, Louise,
Texas, and Dilley State Bank, Dilley,
Texas.
Newspaper:
Not available
Federal Register:
Not available
LOUISE BANCSHARES, INC. CIC
* 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
3607062
LONE STAR ST BK OF WEST TX, LUBBOCK, TEXAS 06/28/2021
CRA Examinations scheduled for
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
10/01/2021
S
Int Small Bank
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 October 2, 2021
Filer
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
PACIFIC VALLEY BANCORP * 3A1
Pacific Valley Bancorp to become a bank
holding company by acquiring 100 percent
of Pacific Valley Bank, both of Salinas,
California.
Newspaper:
Not available
Federal Register:
Not available
Notification submitted by The Vanguard
Group, Inc., Malvern, Pennsylvania, on
behalf of itself, its subsidiaries and
affiliates (together with The Vanguard
Group, Inc., "Vanguard"), and the
investment companies registered under the
Investment Company Act of 1940, other
pooled investment vehicles, and
institutional accounts that are sponsored,
managed, or advised by Vanguard (the
"Vanguard funds"), for the Vanguard funds
to increase the aggregate ownership
position of the Vanguard funds to more
than 15 percent of the common stock of
First American Financial Corporation,
parent of First American Trust, FSB, both
of Santa Ana, California.
Newspaper:
Not available
Federal Register:
Not available
Notification submitted by The Vanguard
Group, Inc., Malvern, Pennsylvania, on
behalf of itself, its subsidiaries and
affiliates (together with The Vanguard
Group, Inc., "Vanguard"), and the
investment companies registered under the
Investment Company Act of 1940, other
pooled investment vehicles, and
institutional accounts that are sponsored,
managed, or advised by Vanguard (the
"Vanguard funds"), for the Vanguard funds
to increase the aggregate ownership
position of the Vanguard funds to more
than 15 percent of the common stock of
First Hawaiian, Inc., parent of First
Hawaiian Bank, both of Honolulu, Hawaii.
Newspaper:
Not available
Federal Register:
Not available
VANGUARD GROUP, INC.
VANGUARD GROUP, INC.
Filing Type
CIC
CIC
* Subject to the provisions of the Community Reinvestment Act
District: 12
Federal Reserve Bank of San Francisco
Filings received during the week ending October 2, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
VANGUARD GROUP, INC.
CIC
Notification submitted by The Vanguard
Group, Inc., Malvern, Pennsylvania, on
behalf of itself, its subsidiaries and
affiliates (together with The Vanguard
Group, Inc., "Vanguard"), and the
investment companies registered under the
Investment Company Act of 1940, other
pooled investment vehicles, and
institutional accounts that are sponsored,
managed, or advised by Vanguard (the
"Vanguard funds"), for the Vanguard funds
to increase the aggregate ownership
position of the Vanguard funds to more
than 15 percent of the common stock of
Pacific Premier Bancorp, Inc., parent of
Pacific Premier Bank, both of Irvine,
California.
Newspaper:
Not available
Federal Register:
Not available
Notification submitted by The Vanguard
Group, Inc., Malvern, Pennsylvania, on
behalf of itself, its subsidiaries and
affiliates (together with The Vanguard
Group, Inc., "Vanguard"), and the
investment companies registered under the
Investment Company Act of 1940, other
pooled investment vehicles, and
institutional accounts that are sponsored,
managed, or advised by Vanguard (the
"Vanguard funds"), for the Vanguard funds
to increase the aggregate ownership
position of the Vanguard funds to more
than 15 percent of the common stock of
PacWest Bancorp, parent of Pacific
Western Bank, both of Beverly Hills,
California.
Newspaper:
Not available
Federal Register:
Not available
VANGUARD GROUP, INC.
CIC
* 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
Exam Method
670467
PLUMAS BK, QUINCY, CALIFORNIA
06/07/2021
09/30/2021
S
Int Small Bank
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
@FedFRASER