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Fed roundup: River Financial gets waiver of application for Trinity Bancorp deal

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Fed roundup: River Financial gets waiver of application for Trinity Bancorp deal

S&P Global Market Intelligence presents a weekly roundup of notable actions of the Federal Reserve, as well as applications and reports received from banks, thrifts and credit unions. This feature excludes branch news and news previously covered by S&P Global Market Intelligence.

M&A

The Federal Reserve Bank of Dallas on Sept. 5 granted Levelland, Texas-based AIM Bancshares Inc. a waiver of application to acquire Clayton, N.M.-based Union BancShares Inc. and FNB New Mexico, in connection with the merger of FNB New Mexico with and into AimBank.

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The Dallas Fed on Sept. 5 granted Natchitoches, La.-based Grant Bancshares Inc. a waiver of application to acquire Hemphill, Texas-based First State Bank, in connection with the merger of First State Bank with and into BOM Bank.

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The Federal Reserve Bank of Atlanta on Sept. 5 granted Prattville, Ala.-based River Financial Corp. a waiver of application to merge with Dothan, Ala.-based Trinity Bancorp Inc., and thereby acquire Trinity Bank, in connection with the merger of Trinity Bank with and into River Bank & Trust.