By Fed Newswire | Sep 30, 2015
News Release: The Federal Reserve Board on Wednesday announced its approval of the applications by M&T Bank Corporation ("M&T"), Buffalo, New York, to acquire Hudson City Bancorp, Inc., Paramus, New Jersey; and by M&T's subsidiary bank, Manufacturers and Traders Trust Company, Buffalo, to merge with Hudson City Savings Bank, Paramus, and retain and operate branches at the locations of Hudson City Savings Bank's main office and branches.
By Fed Newswire | Sep 29, 2015
News Release: The Federal Reserve Board on Tuesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2016.
By Fed Newswire | Sep 29, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Carver Bancorp, Inc., New York, New York Order to Cease and Desisted issued by the Office of Thrift Supervision dated February 7, 2011 Terminated Sept. 24, 2015 Search of Federal Reserve enforcement actions.
By Fed Newswire | Sep 28, 2015
News Release: The federal banking agencies will hold an outreach meeting on Monday, Oct. 19, 2015, at the Federal Reserve Bank of Chicago as part of their regulatory review under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA). The meeting is the fifth in a series of outreach sessions that the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board, and the Office of the Comptroller of the Currency are holding throughout the country.
By Fed Newswire | Sep 23, 2015
News Release: The Federal Reserve Board on Wednesday announced the approval of enhancements to the Federal Reserve Banks' same-day automated clearing house (ACH) service. The enhancements are intended to align the Reserve Banks' same-day ACH service with recent amendments to NACHA's ACH operating rules and will facilitate the use of the ACH network for certain time-critical payments, accelerate final settlement, and improve funds availability to payment recipients.
By Fed Newswire | Sep 22, 2015
News Release: The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: First State Bank of Colorado (PDF), Hotchkiss, Colorado Order of assessment of civil money penalty dated Sept. 18, 2015 The Board also announced the termination of the enforcement action listed below: ...
By Fed Newswire | Sep 22, 2015
News Release: The Federal Reserve Board on Tuesday announced the members of its newly created Community Advisory Council (CAC).
By Fed Newswire | Sep 21, 2015
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act by Empresas Juan Yarur SpA and its subsidiary, Banco de Credito e Inversiones, both of Santiago, Chile, to acquire CM Florida Holdings, Inc., Coral Gables, Florida, and thereby indirectly acquire its subsidiary, City National Bank of Florida, Miami, Florida.
By Fed Newswire | Sep 21, 2015
News Release: The Federal Reserve Board on Monday announced its approval of a proposal by PacWest Bancorp, Los Angeles, California, to merge with Square 1 Financial, Inc., and thereby indirectly acquire its wholly owned subsidiary, Square 1 Bank, and the nonbank subsidiaries of Square 1 Financial, all of Durham, North Carolina, pursuant to sections 3 and 4 of the Bank Holding Company Act.
By Fed Newswire | Sep 17, 2015
News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by First Horizon National Corporation, Memphis, Tennessee, to acquire TrustAtlantic Financial Corporation and thereby indirectly acquire its wholly owned subsidiary, TrustAtlantic Bank, both of Raleigh, North Carolina.
By Fed Newswire | Sep 17, 2015
News Release: The attached table and charts released on Thursday summarize the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the September 16-17 meeting of the Federal Open Market Committee.
By Fed Newswire | Sep 17, 2015
News Release: Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. Household spending and business fixed investment have been increasing moderately, and the housing sector has improved further; however, net exports have been soft. ...
By Fed Newswire | Sep 10, 2015
News Release: Federal Reserve System Appoints Payments Security Strategy Leader The Federal Reserve System on Thursday announced the appointment of Federal Reserve Bank of Chicago Senior Vice President Todd Aadland as its Payments Security Strategy Leader. In this role, Aadland will lead the System's activities to ...
By Fed Newswire | Sep 10, 2015
News Release: The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Independent Bank (PDF), Grand Rapids, Michigan Order of assessment of civil money penalty dated Aug. 27, 2015 Search of Federal Reserve enforcement actions.
By Fed Newswire | Sep 8, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: First National Community Bancorp, Inc., Dunmore, Pennsylvania Written Agreement issued Nov. 24, 2010 Terminated Sept. 2, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Sep 3, 2015
News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act by Banner Corporation and Elements Merger Sub, LLC, both of Walla Walla, Washington, to acquire Starbuck Bancshares, Inc., Seattle, and thereby indirectly acquire its subsidiary, AmericanWest Bank, Spokane, both of Washington.
By Fed Newswire | Sep 3, 2015
News Release: The Federal Reserve Board and the Office of the Comptroller of the Currency today announced that they have approved Bank of America and its subsidiary national banks to begin using the "advanced approaches" capital framework starting in the fourth quarter of 2015.
By Fed Newswire | Sep 1, 2015
News Release: The Federal Reserve Board on Tuesday announced the termination of the enforcement action listed below: Virginia Community Bankshares, Inc. and Virginia Community Bank, both of Louisa, Virginia Written Agreement issued June 29, 2011 Terminated Aug. 28, 2015 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Aug 31, 2015
News Release: The Federal Reserve Board on Monday announced its approval of the applications under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by Auburn State Bank to merge with The Carson National Bank of Auburn, both of Auburn, Nebraska, and to establish a branch at the location of The Carson National Bank of Auburn.
By Fed Newswire | Aug 25, 2015
News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meeting on July 27, 2015.
