Stories by Fed Newswire on Federal Newswire


Written agreement with First Community Holding Company

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among First Community Holding Company, Hammond, Louisiana, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Louisiana Office of Financial Institutions.


Federal Reserve announces agenda for September 16 public hearing on Home Mortgage Disclosure Act

News Release: The Federal Reserve Board on Thursday announced the agenda and panelists for the third of four public hearings this year on potential revisions to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The event will be held Thursday, Sept. 16, at the Federal Reserve Bank of Chicago. Those who want to attend the hearing should register in advance online.


Board authorizes ongoing small-value offerings of term deposits under the Term Deposit Facility

News Release: The Federal Reserve Board on Wednesday announced that it has authorized ongoing small-value offerings of term deposits under the Term Deposit Facility (TDF).


Approval of proposal by Banco Davivienda

News Release: The Federal Reserve Board on Tuesday announced the approval of an application by Banco Davivienda, S.A., Bogotá, Colombia, to establish a branch in Miami, Florida, through the conversion of its wholly owned subsidiary, Bancafé International, an Edge Act corporation.


Minutes of Board discount rate meetings, July 6 through August 9, 2010

News Release: The Federal Reserve Board on Tuesday released the minutes of its discount rate meetings from July 6 through August 9, 2010.


Written agreement with Bank of the Eastern Shore

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Bank of the Eastern Shore, Cambridge, Maryland, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the State of Maryland Commissioner of Financial Regulation.


Written agreement with Mountain West Financial Corp

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Mountain West Financial Corp., Helena, Montana, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.


Written agreement with Pacific Mercantile Bancorp and Pacific Mercantile Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among Pacific Mercantile Bancorp, Costa Mesa, California, a registered bank holding company, and its subsidiary bank, Pacific Mercantile Bank, Costa Mesa, California, a state-chartered member bank, and the Federal Reserve Bank of San Francisco.


Approval of proposal by Metcalf Bank

News Release: The Federal Reserve Board on Thursday announced its approval of the applications under the Bank Merger Act and the Federal Reserve Act by Metcalf Bank, Lee's Summit, Missouri, to acquire certain assets and assume certain liabilities of four branches of The First National Bank of Olathe, Olathe, Kansas, and to establish and operate branches at those locations. Attached is the Board's Order relating to this action.


Written agreement with First National Bancorporation of Stoughton

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between First National Bancorporation of Stoughton, Inc., Stoughton, Wisconsin, a registered bank holding company, and the Federal Reserve Bank of Chicago. A copy of the Written Agreement is attached.


Written agreement with Oregon Community Bank and Trust

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Oregon Community Bank & Trust, Oregon, Wisconsin , a state-chartered member bank, the Federal Reserve Bank of Chicago, and the State of Wisconsin Department of Financial Institutions.


Written agreement with Osceola Bancorporation

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Osceola Bancorporation, Inc., Osceola, Wisconsin, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.


Approval of proposal by China Investment Corporation

News Release: The Federal Reserve Board on Tuesday announced its approval of the application by China Investment Corporation, Beijing, People's Republic of China, to acquire indirectly up to 10 percent of the voting shares of Morgan Stanley, New York, New York.


Minutes of the Federal Open Market Committee, August 10, 2010

News Release: The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on Aug. 10, 2010.


Prompt corrective action directive against First Community Bank

News Release: The Federal Reserve Board on Tuesday announced the issuance of a Prompt Corrective Action Directive with the consent of First Community Bank, Taos, New Mexico, a state-chartered member bank.


Written agreement with First American Bancorp and First American State Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and among First American Bancorp, Greenwood Village, Colorado a registered bank holding company, and its subsidiary bank, First American State Bank, Greenwood Village, Colorado, a state-chartered member bank, the Federal Reserve Bank of Kansas City, and the State of Colorado Division of Banking. A copy of the Written Agreement is attached.


Written agreement with Highland Bancshares

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Highland Bancshares, Inc., St. Michael, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.


Written agreement with UCB Financial Group

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between UCB Financial Group, Inc., Atlanta, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia. A copy of the Written Agreement is attached.


Prompt corrective action directive against Sunrise Bank

News Release: The Federal Reserve Board on Monday announced the issuance of a Prompt Corrective Action Directive with the consent of Sunrise Bank, Cocoa Beach, Florida, a state-chartered member bank.


Federal Reserve to sponsor neighborhood stabilization summit

News Release: The Federal Reserve System will sponsor a national summit on September 1 and 2 to discuss methods and resources for encouraging neighborhood stabilization in the aftermath of the U.S. home mortgage foreclosure crisis. The forum will showcase findings from Federal Reserve research and policy efforts, including the release of the publication REO and Vacant Properties: Strategies for Neighborhood Stabilization.