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Fed roundup: Dallas Fed OKs WSB Bancshares/First Paducah Bancshares 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

On Sept. 27, the Federal Reserve Bank of Dallas approved the application of Wellington, Texas-based WSB Bancshares Inc. to acquire First Paducah Bancshares of Texas and indirectly acquire First National Bank of Paducah.

The Dallas Fed also approved Wellington State Bank's application to merge with First National Bank of Paducah and to establish its existing locations as branches.

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The Federal Reserve Bank of Kansas City granted Marceline, Mo.-based RMB Bancshares Inc. on Sept. 26 a waiver of application to merge with Moberly, Mo.-based Cairo/Moberly Bancshares Inc. in connection with the merger of Regional Missouri Bank and Bank of Cairo and Moberly.

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On Sept. 23, the Federal Reserve Bank of St. Louis approved the application of El Dorado, Ark.-based First Financial Bank to merge with Wynne, Ark.-based First National Bank of Wynne.

First Financial Bank is a unit of First Financial Banc Corp., while First National Bank of Wynne is a subsidiary of First National Corp. of Wynne.

Financial holding company

Jasper, Ind.-based German American Bancorp Inc.'s election to become a financial holding company took effect Sept. 24.