Stories by Fed Newswire on Federal Newswire


FOMC statement

News Release: Information received since the Federal Open Market Committee met in June indicates that the pace of recovery in output and employment has slowed in recent months. Household spending is increasing gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and ...


Agencies Issue Advance Notice of Proposed Rulemaking Regarding Alternatives to the Use of Credit Ratings

News Release: The federal banking agencies (agencies) today have agreed to publish an advance notice of proposed rulemaking (advance notice) regarding alternatives to the use of credit ratings in their risk-based capital rules (capital rules) for banking organizations. The advance notice is issued in response to section ...


CRA Hearing in Chicago to be Available For Online Viewing

News Release: Online viewing will be available for a public hearing Thursday in Chicago on modernizing the regulations that implement the Community Reinvestment Act (CRA).


Written agreement with Sonoma Valley Bancorp

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and between Sonoma Valley Bancorp, Sonoma, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Written agreement with Brand Group Holdings and The Brand Banking Company

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Brand Group Holdings, Inc., Lawrenceville, Georgia, a registered bank holding company, The Brand Banking Company, Lawrenceville, Georgia, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Online Viewing Available for CRA Public Hearing

News Release: Online viewing will be available for a public hearing Friday in Atlanta on modernizing the regulations that implement the Community Reinvestment Act (CRA).


Written agreement and prompt corrective action directive with Progress Bank of Florida

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Progress Bank of Florida, Tampa, Florida, a state-chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.


Prompt corrective action directive against Community First Bank-Chicago

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


Written agreement with Harbor Bankshares Corporation

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Harbor Bankshares Corporation, Baltimore, Maryland, a registered bank holding company, and the Federal Reserve Bank of Richmond.


Written agreement with New Peoples Bankshares and New Peoples Bank

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among New Peoples Bankshares, Inc., Honaker, Virginia, a registered bank holding company, New Peoples Bank, Inc., Honaker, Virginia, a state-chartered member bank, the Federal Reserve Bank of Richmond, and the Virginia State Corporation Commission, Bureau of Financial Institutions.


Written agreement with Premier Financial Corp. and Premier Bank

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Premier Financial Corp., Dubuque, Iowa, a registered bank holding company, Premier Bank, Dubuque, Iowa, a state-chartered member bank, the Federal Reserve Bank of Chicago, and the State of Iowa Division of Banking.


Written agreement with Community Capital Corporation and CapitalBank

News Release: Note: The Written Agreement attached to the Aug. 3, 2010 press release contained clerical errors. On Nov. 23, 2010, it was replaced with the corrected version of the Written Agreement. It is attached.


Written agreement with Citizens Republic Bancorp and Citizens Bank

News Release: The Federal Reserve Board on ­­Tuesday announced the execution of a Written Agreement by and among Citizens Republic Bancorp, Inc., Flint, Michigan, a registered bank holding company, Citizens Bank, Flint, Michigan, a state-chartered member bank, the Federal Reserve Bank of Chicago, and the Michigan Office of Financial and Insurance Regulation. A copy of the Written Agreement is attached.


Written agreement with The Prosperity Banking Company

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between The Prosperity Banking Company, St. Augustine, Florida, a registered bank holding company, and the Federal Reserve Bank of Atlanta.


Written agreement with Citizens Effingham Bancshares

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Citizens Effingham Bancshares, Inc., Springfield, 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.


Written agreement with Oregon Pacific Bancorp and Oregon Pacific Bank

News Release: The Federal Reserve Board on Monday announced the execution of a Written Agreement by and among Oregon Pacific Bancorp, Florence, Oregon, a registered bank holding company, Oregon Pacific Bank, Florence, Oregon, a state-chartered member bank, the Federal Reserve Bank of San Francisco, and the Oregon Department of Consumer and Business Services Division of Finance and Corporate Securities. A copy of the Written Agreement is attached.


Written agreement with Premier Financial Bancorp, Abigail Adams National Bancorp, and Consolidated Bank and Trust Company

News Release: The Federal Reserve Board on Friday announced the execution of a Written Agreement by and among Premier Financial Bancorp, Inc., Huntington, West Virginia, a registered bank holding company, Abigail Adams National Bancorp, Inc., Washington, D.C., a registered bank holding company, Consolidated Bank and ...


Annual adjustment of fee-based trigger for additional mortgage loan disclosures

News Release: The Federal Reserve Board on Friday published its annual adjustment of the dollar amount of fees that triggers additional disclosure requirements under the Truth in Lending Act and the Home Ownership and Equity Protection Act of 1994 for home mortgage loans that bear rates or fees above a certain amount.


Written agreement with Community Valley Bancorp

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between Community Valley Bancorp, Chico, California, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Written agreement with North State Bancshares

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between North State Bancshares, Inc., Shakopee, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.