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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. 41
Week Ending October 9, 2021
Board of Governors of the Federal Reserve System, Washington, DC 20551
H.2
Board Actions
October 3, 2021 to October 9, 2021
Personnel
Division of Financial Stability -- appointment of Adele Morris as senior adviser.
- Announced, October 8, 2021
Division of Supervision and Regulation -- appointment of Yaniv Gershon, Vice
President in Supervision, Regulation, and Credit, Federal Reserve Bank of Boston, as
lead of the newly established System Fintech Supervision Program.
- Announced, October 6, 2021
Enforcement
Pacific Premier Bank, Irvine, California -- issuance of a final decision and an order of
prohibition requiring restitution against Mai Ly-Vu, a former institution-affiliated
party.
- Approved, September 29, 2021
(A/C)
Pioneer Bank, Mapleton, Minnesota -- consent order of assessment of a civil money
penalty pursuant to the National Flood Insurance Act.
- Announced, October 7, 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
October 3, 2021 to October 9, 2021
RBOPS Reserve Bank Operations and Payment Systems
IF International Finance
MA Monetary Affairs
Bank Branches, Domestic
San Francisco
Commonwealth Business Bank, Los Angeles, California -- to establish a branch at
14370 Culver Drive, Irvine, California.
- Approved, October 5, 2021
Minneapolis
First State Bank Southwest, Pipestone, Minnesota -- to establish a branch at the
northeast corner of the intersection of East 57th Street and South Graystone Avenue,
Sioux Falls, South Dakota.
- Approved, October 8, 2021
Secretary
First Western Bank & Trust, Minot, North Dakota -- to establish a branch at
320 South Phillip Avenue, Sioux Falls, South Dakota.
- Approved, October 7, 2021
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 2051 West Airport
Freeway, Euless, Texas.
- Approved, October 6, 2021
San Francisco
Oak Valley Community Bank, Oakdale, California -- to establish a branch at
1478 Stone Point Drive, Roseville, California.
- Approved, October 6, 2021
(A/C) = Addition or Correction
Delegated - 1 of
6
H.2
Actions under delegated authority
October 3, 2021 to October 9, 2021
Bank Holding Companies
New York
The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs,
New York -- to acquire additional shares of 473 Broadway Holding Corporation and
The Adirondack Trust Company, both of Saratoga Springs, New York.
- Approved, October 7, 2021
Minneapolis
Dairyland Bank Holding Corporation, La Crosse, Wisconsin -- to retain voting shares
of Farmers State Bank-Hillsboro, Hillsboro, Wisconsin.
- Approved, October 8, 2021
Kansas City
Employee Stock Ownership Plan Accounts Trust of the Security Bank KSOP &
Trust, Laurel, Nebraska -- to become a bank holding company by acquiring voting
shares of First Laurel Security Co., parent of Security Bank, Laurel, Nebraska.
- Approved, October 5, 2021
Chicago
Fentura Financial, Inc., Fenton, Michigan -- to acquire Farmers State Bank of
Munith, Munith, Michigan.
- Approved, October 6, 2021
St. Louis
Friendship Bancshares, Inc., Linn, Missouri -- to acquire voting shares of Grey
Mountain Holdings, Inc., Fulton, Missouri, and thereby indirectly acquire Investors
Community Bank, Chillicothe, Missouri.
- Approved, October 7, 2021
(A/C) = Addition or Correction
Delegated - 2 of
6
H.2
Actions under delegated authority
October 3, 2021 to October 9, 2021
Bank Holding Companies
Kansas City
Grey Mountain Holdings, Inc., and GM Acquisition Sub, Inc., both of Fulton,
Missouri -- to become bank holding companies by acquiring IFB Holdings, Inc., and
thereby indirectly acquiring voting shares of Investors Community Bank, both of
Chillicothe, Missouri.
- Approved, October 7, 2021
Richmond
MCNB Banks, Inc., Welch, West Virginia -- to engage in lending activities.
- Approved, October 7, 2021
Chicago
Old Second Bancorp, Inc., Aurora, Illinois -- to merge with West Suburban Bancorp,
Inc., and thereby indirectly acquire West Suburban Bank, both of Lombard, Illinois.
- Approved, October 8, 2021
Secretary
Platte Valley Financial Services Companies, Inc. (PVFSC), Scottsbluff, Nebraska -waiver of application to acquire Cache Bank & Trust (Cache Bank), Greeley,
Colorado, in connection with the merger of Cache Bank with and into PVFSC's
subsidiary, Mountain Valley Bank, Walden, Colorado.
- Granted, October 8, 2021
St. Louis
Poplar Bluff Bancorp, Inc., Poplar Bluff, Missouri -- to become a bank holding
company by acquiring First Missouri State Bank, Poplar Bluff, Missouri.
- Approved, October 5, 2021
(A/C) = Addition or Correction
Delegated - 3 of
6
H.2
Actions under delegated authority
October 3, 2021 to October 9, 2021
Bank Mergers
Secretary
Mountain Valley Bank, Walden, Colorado -- to merge with Cache Bank & Trust
(Cache Bank), Greeley, Colorado, and thereby establish branches at the locations of
the main office and branch of Cache Bank.
- Approved, October 8, 2021
St. Louis
Peoples Bank & Trust Co., Troy, Missouri -- to merge with Bank of Louisiana,
Louisiana, Missouri, and to retain the acquired facilities as branches.
- Approved, October 5, 2021
Change in Bank Control
Chicago
Community First Financial Corporation, Kokomo, Indiana -- Robert F. Hingst
Kokomo, Indiana, along with Ann Hingst Vyas and Amit Vyas, Chicago, Illinois, to
become members of the Hingst Family Control Group, a group acting in concert, to
acquire additional voting shares of Community First Financial Corporation and
thereby indirectly acquire voting shares of Community First Bank of Indiana,
Kokomo, Indiana.
- Permitted, October 6, 2021
Minneapolis
Financial Services of Lowry, Inc. (FSLI), Lowry, Minnesota -- the Peter J. Nelson
Trust (in formation), Kari A.M. Nelson, trustee, both of Glenwood, Minnesota, to
join the Nelson-Martinson Family Shareholder Group, a group acting in concert, to
acquire voting shares of FSLI and thereby indirectly retain voting shares of Lowry
State Bank, Lowry, Minnesota, and First National Bank of Osakis, Osakis,
Minnesota.
- Permitted, October 8, 2021
(A/C) = Addition or Correction
Delegated - 4 of
6
H.2
Actions under delegated authority
October 3, 2021 to October 9, 2021
Change in Bank Control
Kansas City
First Laurel Security Co., Laurel, Nebraska -- Keith A. Knudsen, Laurel, Nebraska,
individually and as voting trustee of the Employee Stock Ownership Plan Accounts
Trust of the Security Bank KSOP & Trust, Laurel, Nebraska, to acquire shares and
thereby control of First Laurel Security Co., parent of Security Bank, Laurel,
Nebraska.
- Permitted, October 5, 2021
Chicago
Fostoria Bankshares, Inc., Fostoria, Iowa -- the CAOS Family Irrevocable Trust,
Teresa J. Simington and Bradley D. Simington, as co-trustees, and Bradley D.
Simington, as an individual, all of Milford, Iowa, to form the CAOS Family
Irrevocable Trust control group, a group acting in concert, to retain voting shares of
Fostoria Bankshares, Inc., and thereby indirectly retain voting shares of Farm
Savings Bank, Fostoria, Iowa.
- Permitted, October 8, 2021
Minneapolis
Minnesota Community Bancshares, Inc., Albert Lea, Minnesota -- Daniel Otten,
Hayward, Minnesota, to retain voting shares of Minnesota Community Bancshares,
Inc. (MCBI), and thereby indirectly retain voting shares of Arcadian Bank (Bank),
Hartland, Minnesota. Additionally, Tony Kermes, Hayward, Minnesota, to acquire
voting shares of MCBI and join the Otten Family Control Group, a group acting in
concert, and thereby indirectly acquire voting shares of Bank.
- Permitted, October 5, 2021
(A/C) = Addition or Correction
Delegated - 5 of
6
H.2
Actions under delegated authority
October 3, 2021 to October 9, 2021
Extensions of Time
Chicago
Nicolet Bankshares, Inc., Green Bay, Wisconsin -- extension to December 1, 2021, to
merge with County Bancorp Inc. and thereby indirectly acquire Investors Community
Bank, both of Manitowoc, Wisconsin.
- Granted, October 5, 2021
Financial Holding Companies
Atlanta
Commerce National Bankshares of Florida, Inc., Winter Park, Florida -- election to
become a financial holding company.
- Effective, October 6, 2021
Kansas City
Employee Stock Ownership Plan Accounts Trust of the Security Bank KSOP &
Trust, Laurel, Nebraska -- election to become a financial holding company.
- Effective, October 5, 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, October 7, 2021
(A/C) = Addition or Correction
Delegated - 6 of
6
District: 1
Federal Reserve Bank of Boston
Filings received during the week ending October 9, 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
State Street Bank and Trust Company,
Boston, Massachusetts, submitted a notice
to open a branch office located at 185
Hudson Street, Suite 1150, Jersey City,
New Jersey.
Newspaper:
Not available
Federal Register:
Not applicable
MHC Minority
Stock Issuance
CITIZENS FINANCIAL
GROUP, INC.
* 3A3
STATE STREET BANK AND
TRUST COMPANY
* Branch
* 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 9, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
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
JPMorgan Chase & Co., New York, New
York, provides prior notice for J.P Morgan
International Finance Limited, New York,
New York, to make an investment in a
foreign subsidiary, pursuant to Section
211.9(f) of Regulation K.
Newspaper:
Not applicable
Federal Register:
Not applicable
JPMORGAN CHASE & CO.
Investment
* 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 9, 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 9, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
DOUBLE BOTTOMLINE
CORP.
* SLHC
Formation
Double Bottomline Corp., Caldwell, Ohio,
to become a savings and loan holding
company by acquiring 100 percent of
Community Savings Bancorp, Inc.,
Caldwell, Ohio, and indirectly acquiring its
thrift, Community Savings, Caldwell,
Ohio.
Newspaper:
11/03/2021
Federal Register:
11/15/2021
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:
10/21/2021
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:
10/23/2021
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 9, 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 October 9, 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:
10/25/2021
* 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 9, 2021
Filer
Filing Proposal
End of Comment Period
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:
10/07/2021
Federal Register:
10/12/2021
COMMUNITY BANCSHARES CIC
OF WISCONSIN, INC.
The Foy 2021 Spousal Trust, Milwaukee,
Wisconsin, Lori J. Foy, Cedarburg,
Wisconsin, and Peter J. Wilder, Pewaukee,
Wisconsin, as co-trustees; and the Foy
Dynasty Trust, Milwaukee, Wisconsin,
Peter J. Wilder, Pewaukee, Wisconsin, as
trustee, to join the Foy/Lukas Family
Control Group, a group acting in concert,
and acquire voting shares of Community
Bancshares of Wisconsin, Inc., and thereby
indirectly acquire voting shares of
Cornerstone Community Bank, both of
Grafton, Wisconsin.
Newspaper:
Not available
Federal Register:
Not available
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 form the Holmes
family control group, and to retain 10
percent or more of First Lena Corporation,
Lena, Illinois, and thereby indirectly retain
voting shares of 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 Reilly Payton, 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.
Stayer-Wagner, 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:
10/17/2021
Federal Register:
10/14/2021
HOMETOWN BANCORP,
LTD.
Filing Type
CIC
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Filings received during the week ending October 9, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
RESOURCE BANCSHARES,
INC.
CIC
The 2021 Katz Dynasty Trust, Milwaukee,
Wisconsin, Peter J. Wilder, Pewaukee,
Wisconsin, as trustee, to join the Katz
Family Control Group to acquire voting
shares of Resource Bancshares, Inc., and
thereby indirectly acquire voting shares of
Resource Bank, National Association, both
of DeKalb, Illinois.
Newspaper:
Not available
Federal Register:
Not available
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:
10/22/2021
Van Diest Investment Company, Webster
City, Iowa to acquire NorthStar Bank,
Estherville, Iowa
Newspaper:
Not available
Federal Register:
Not available
VAN DIEST INVESTMENT
COMPANY
* 3A3
* Subject to the provisions of the Community Reinvestment Act
District: 7
Federal Reserve Bank of Chicago
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 8
Federal Reserve Bank of St. Louis
Filings received during the week ending October 9, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
COMMUNITY BANK,
LEXINGTON, TENNESSEE
* 18C
Community Bank, Lexington, Tennessee to
purchase certain assets and assume certain
liabilities of one branch of Decatur County
Bank, Decaturville, Tennessee, and to
retain the acquired facility as a branch
office.
Newspaper:
11/10/2021
Federal Register:
Not applicable
FIRST STATE BANK
* Branch
First State Bank, Russellville, Arkansas, to
establish a branch facility to be located at
3654 Investment Drive, Fayetteville,
Arkansas.
Newspaper:
10/18/2021
Federal Register:
Not applicable
Simmons Bank, Pine Bluff, Arkansas, to
establish a branch facility to be located at
1408 North Kingshighway Boulevard, St.
Louis, Missouri.
Newspaper:
10/12/2021
Federal Register:
Not applicable
Simmons Bank, Pine Bluff, Arkansas, to
establish a branch facility to be located at
7800 Forsyth Boulevard, Clayton,
Missouri.
Newspaper:
10/12/2021
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:
10/21/2021
Federal Register:
10/21/2021
SIMMONS BANK
SIMMONS BANK
VANGUARD GROUP, INC.
* Branch
* Branch
* Branch
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 9, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
FISHBACK FINANCIAL
CORPORATION
CIC
The Barbara B. Fishback Revocable FFC
Holdings Trust U/A dated 3/18/19, Barbara
B. Fishback and Van D. Fishback, as cotrustees, all of Brookings, South Dakota; to
join the Fishback family shareholder
group, a group acting in concert; and to
retain voting shares of Fishback Financial
Corporation, Brookings, South Dakota, and
thereby indirectly retain voting shares of
First Bank & Trust, Brookings, South
Dakota.
Newspaper:
Not available
Federal Register:
Not available
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:
10/29/2021
Federal Register:
10/28/2021
U.S. BANCORP
* 3A3
U.S. Bancorp, Minneapolis, Minnesota, to
acquire all of the issued and outstanding
shares of common stock of MUFG Union
Bank, National Association, San Francisco,
California, a direct wholly-owned national
bank subsidiary of MUFG Americas
Holdings Corporation, New York, New
York, and an indirect subsidiary of
Mitsubishi UFJ Financial Group, Inc.,
Tokyo, Japan.
Newspaper:
Not available
Federal Register:
Not available
* Subject to the provisions of the Community Reinvestment Act
District: 9
Federal Reserve Bank of Minneapolis
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate,
including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR
228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is
taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
RSSD
ID
Institution / Location
Exam Date
CRA
Public Date
CRA
Rating
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
District: 10
Federal Reserve Bank of Kansas City
Filings received during the week ending October 9, 2021
Filer
Filing Type
Filing Proposal
End of Comment Period
COMMUNITY
BANCSHARES, INC.
* 3A3
Community Bancshares, Inc., Seneca,
Kansas, to indirectly acquire VisionBank,
through the merger of its newly formed
subsidiary, CBI Acquisition Corporation,
Seneca, Kansas, into BOTS, Inc., parent of
VisionBank, both of Topeka, Kansas.
Newspaper:
Not available
Federal Register:
Not available
FIRST STATE FREMONT,
INC.
* 3A3
First State Fremont, Inc., Fremont,
Nebraska, to acquire Two Rivers Bank,
Blair, Nebraska.
Newspaper:
Not available
Federal Register:
11/05/2021
GARDEN PLAIN
BANCSHARES, INC.
CIC
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,
Bluffton, South Carolina, to retain voting
shares of the company and to join the
Walden Family Group.
Newspaper:
Not available
Federal Register:
10/22/2021
NEBRASKA BANKSHARES,
INC.
CIC
Leslie Vezner, Lewisville, Texas; to retain
voting shares of Nebraska Bankshares,
Inc., and thereby indirectly retain voting
shares of First State Bank, both of Farnam,
Nebraska.
Newspaper:
Not available
Federal Register:
Not available
Mary Beth Woods, 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:
10/30/2021
Federal Register:
Not applicable
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 9, 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
JACKSBORO NATIONAL
BANCSHARES, INC.
CIC
Craig Anderle, Windthorst, Texas; Bryan
Bumpas, Jacksboro, Texas; Margaret Sue
Cherryhomes, Jacksboro, Texas; James
Cook, San Antonio, Texas; Jerry Craft,
Jacksboro, Texas; Sue Craft McMahan,
Austin, Texas; the Sue Craft McMahan
Trust, Austin, Texas, Sue Craft McMahan
trustee; the Clint Creighton Craft Trust,
Celina, Texas, Clint Creighton Craft
trustee; the Jay David Craft Trust,
Christiansted, Virgin Islands, Jay David
Craft trustee; Malinda R. Crumley, Fort
Worth, Texas; the Davis Revocable Trust,
La Vernia, Texas, Danna Ritter trustee;
Jerry Graybill, Jacksboro, Texas; Dayna
Geer Gunter, Azle, Texas; Stella Jeanette
McClure Matthews, Medford, Oregon;
Alan Miller, Bowie, Texas; Kay R.
Murphey, Fort Worth, Texas; Malinda
Murphey Cowan, Fort Worth, Texas;
James Rhodes Murphey, Willow Park,
Texas; Emily Loomis Murphey, Willow
Park, Texas; Debbie J. Reaves, Jacksboro,
Texas; Karen Buckley Rumage, Jacksboro,
Texas; William W. Rumage, Gunter,
Texas; Jennifer Louise Stayton, Murphy,
Texas; Stephen Stamper, Wichita Falls,
Texas; Willis G. Stamper, Jr., Frisco,
Texas; Charles Tyson, Bellevue, Texas;
Paula Williams, Jacksboro, Texas; Mallory
Tolleson, Jacksboro, Texas; and the
Amended and Restated Voting Trust
Agreement dated as of September 23,
2019, C. Blain Rumage, individually and
as trustee; both of Jacksboro, Texas; to join
Edwin C. Rumage, previously cleared, to
become members of the Voting Trust
Control Group, a group acting in concert to
retain voting shares of Jacksboro National
Bancshares, Inc., and thereby indirectly,
Jacksboro National Bank, both of
Jacksboro, Texas.
Newspaper:
Not available
Federal Register:
Not available
* Subject to the provisions of the Community Reinvestment Act
District: 11
Federal Reserve Bank of Dallas
Filings received during the week ending October 9, 2021
Filer
Filing Type
LOUISE BANCSHARES, INC. CIC
SOUTH PLAINS FINANCIAL, CIC
INC.
* Subject to the provisions of the Community Reinvestment Act
Filing Proposal
End of Comment Period
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:
10/12/2021
Federal Register:
10/20/2021
Notice by Curtis C. Griffith, Lubbock,
Texas, to retain control of South Plains
Financial, Inc., Lubbock, Texas
("Company"), and therefore City Bank,
Lubbock, Texas ("Bank"). Additionally,
Cynthia Ann Griffith; the Curtis Clay
Griffith 2021 Irrevocable Trust, Cynthia
Ann Griffith, trustee; the Richard Thomas
White 2021 Trust, Curtis C. Griffith,
trustee; the Birdie Lucille White 2021
Trust, Curtis C. Griffith, trustee; the
William Hogan White 2021 Trust, Curtis
C. Griffith, trustee; the Sydney Suzanne
Griffith 2021 Trust, Curtis C. Griffith,
trustee; and the Johnathan Brockway
Griffith 2021 Trust, Curtis C. Griffith,
trustee, each of Lubbock, Texas, intends to
apply to the Federal Reserve Board for
approval as a member of the Griffith
Family Control Group which, acting in
concert, will control 10 percent or more of
the shares of the Company and indirectly
the Bank.
Newspaper:
Not available
Federal Register:
Not available
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 October 9, 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
Silicon Valley Bank, Santa Clara,
California, requests prior approval to make
a $29 million public welfare investment in
Red Stone Equity 2021 CA Regional Fund,
L.P.
Newspaper:
Not applicable
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"), 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:
10/21/2021
Federal Register:
10/22/2021
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:
10/21/2021
Federal Register:
10/22/2021
SILICON VALLEY BANK
VANGUARD GROUP, INC.
VANGUARD GROUP, INC.
Filing Type
PWI
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 9, 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:
10/21/2021
Federal Register:
10/22/2021
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:
10/21/2021
Federal Register:
10/22/2021
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
NONE
CRA Examinations scheduled for
Quarter of
Institution
NONE
* Subject to the provisions of the Community Reinvestment Act
Location
Quarter
Exam Method
@FedFRASER