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.
The Federal Reserve denied a commenter's request to extend the comment period on Pine Bluff, Ark.-based Simmons First National Corp.'s application to acquire Jackson, Tenn.-based Hardeman County Investment Co. Inc. and unit First South Bank.
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The Federal Reserve Bank of Chicago granted Sullivan, Ill.-based Sullivan BancShares Inc.'s request for an extension to April 20 regarding the application for its its proposed merger with Lovington, Ill.-based Moultrie Bancorp Inc. and indirect acquisition of Hardware State Bank.
The regulator also granted to extend Sullivan Bancshares Inc. Employee Savings & Retirement Plan's application to become a bank holding company by acquiring shares of Sullivan Bancshares Inc. and indirectly acquire control of First National Bank of Sullivan.
Change in bank control
Raleigh, N.C.-based First Citizens BancShares Inc. filed an application with the Federal Reserve Bank of Richmond to acquire at least 5% but less than 9% of the voting securities of Clarksville, Tenn.-based First Advantage Bancorp.
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George McCall, individually and as a group acting in concert with other investors, filed an application with the Richmond Fed to control 25% or more of Richlands, Va.-based First Region Bancshares Inc.
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Stone Pillar Investments Ltd. is seeking the Chicago Fed's approval to acquire 10% or more of the shares of Waupaca, Wis.-based Waupaca Bancorp. Inc., and indirectly acquire control of unit First National Bank.
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Randall Lowery and Melody Lowery, individually and collectively as a group acting in concert, filed an application with the Federal Reserve Bank of Dallas to acquire 25% or more of Huntington, Texas-based Huntington Bancshares Inc. and indirectly acquire Huntington State Bank.
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MNB 2016 Stock Trust and trustee Jose Quiroga filed a retroactive notice with the Dallas Fed to acquire and retain more than 25% of the shares and thereby control of Mercedes, Texas-based MNB Ventures Inc., and indirectly acquire unit Texas National Bank.
The Federal Reserve Bank of Atlanta approved First IC Corp.'s application to become a bank holding company by acquiring Doraville, Ga.-based First Intercontinental Bank.
First IC's BHC application already received the approval of the Georgia Department of Banking and Finance in December 2016.
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Audubon County Investment Co. filed an application with the Chicago Fed to become a bank holding company through the acquisition of Audubon, Iowa-based Audubon State Bank.
According to S&P Global Market Intelligence data, Greene Investment Co. is the parent company of Audubon State Bank.