Stories by Fed Newswire on Federal Newswire


Approval of proposal by Sandhills Bancshares to become a bank holding company

News Release: The Federal Reserve Board on Thursday announced its approval of the proposal by Sandhills Bancshares, Inc. to become a bank holding company and to acquire all the voting shares of TransPecos Banks-Iraan, both of Iraan, Texas.


Written agreement with Coastal Financial Corporation and Coastal Community Bank

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Coastal Financial Corporation, a registered bank holding company, Coastal Community Bank, a state chartered member bank, both of Everett, Washington, and the Federal Reserve Bank of San Francisco.


Written agreement with First Utah Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between First Utah Bank, Salt Lake City, Utah, a state chartered member bank, and the Federal Reserve Bank of San Francisco.


Board proposes rules amending credit card provisions of Regulation Z (Truth in Lending)

News Release: The Federal Reserve Board on Tuesday proposed rules amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of potentially costly practices.


Cease and desist order against Bankers' Bancorp and Independent Bankers' Bank

News Release: The Federal Reserve Board on Friday announced the execution of a consent Cease and Desist Order by and among Bankers' Bancorp, Inc., a registered bank holding company, Independent Bankers' Bank, a state chartered member bank, both of Springfield, Illinois, the Federal Reserve Board, and the Illinois Department of Financial and Professional Regulation, Division of Banking.


Federal Reserve announces Term Auction Facility (TAF) and Term Securities Lending Facility (TSLF) schedules through January 2010

News Release: The Federal Reserve on Thursday announced schedules for operations under the Term Auction Facility (TAF) and the Term Securities Lending Facility (TSLF) through January 2010 and other information related to those facilities.


Order of assessment of civil money penalty against Compass Bank

News Release: The Federal Reserve Board on Thursday announced the issuance of a consent Order of Assessment of a Civil Money Penalty against Compass Bank, Birmingham, Alabama, a state member bank. Compass Bank, without admitting to any allegations, consented to the issuance of the Order in connection with its alleged violations of the Board’s regulations implementing the National Flood Insurance Act.


Written agreement with First National Bancshares

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and between First National Bancshares, Inc., Goodland, Kansas, a registered bank holding company, and the Federal Reserve Bank of Kansas City.


Written agreement with Capitol Bancorp and Capitol Bancorp's Second-Tier Bank Holding Companies

News Release: The Federal Reserve Board on Thursday announced the execution of a Written Agreement by and among Capitol Bancorp, Ltd., Lansing, Michigan, Capitol Bancorp, Ltd.’s Second-Tier Bank Holding Companies, each of which is a registered bank holding company, and the Federal Reserve Bank of Chicago.


Board issues revision to Regulation S regarding costs incurred by financial institutions in producing customer financial records

News Release: The Federal Reserve Board on Thursday issued a revision to Regulation S, which sets the rates and conditions under which a government agency must reimburse a financial institution for costs incurred in producing customer financial records under the Right to Financial Privacy Act.


Credit Quality Declines in Annual Shared National Credits Review

News Release: Credit quality declined sharply for loan commitments of $20 million or more held by multiple federally supervised institutions, according to the 32nd annual review of Shared National Credits (SNC).


FOMC statement

News Release: Information received since the Federal Open Market Committee met in August suggests that economic activity has picked up following its severe downturn. Conditions in financial markets have improved further, and activity in the housing sector has increased. Household spending seems to be stabilizing, ...


Written agreement with Old Southern Bank

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Old Southern Bank, Orlando, Florida, a state chartered member bank, the Federal Reserve Bank of Atlanta, and the State of Florida, Office of Financial Regulation.


Written agreement with Community Bankshares

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and among Community Bankshares, Inc., Cornelia, Georgia, a registered bank holding company, the Federal Reserve Bank of Atlanta, and the Banking Commissioner of the State of Georgia.


Written agreement with Capital Community Bancorporation

News Release: The Federal Reserve Board on Wednesday announced the execution of a Written Agreement by and between Capital Community Bancorporation, Inc., Provo, Utah, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Federal Reserve announces results of auction of $75 billion in 28-day credit held on September 21, 2009

News Release: On Sept. 21, 2009, the Federal Reserve conducted an auction of $75 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 0.250 percent Total propositions submitted: $55.763 billion Total propositions accepted: $55.763 billion Bid/cover ...


Cease and desist order against Orion Bancorp and Orion Bank

News Release: The Federal Reserve Board on Tuesday announced the execution of a consent Cease and Desist Order by and among Orion Bancorp, Inc., a registered bank holding company, Orion Bank, a state chartered member bank, both of Naples, Florida, the Federal Reserve Bank of Atlanta, and the State of Florida Office of Financial Regulation.


Written agreement with Northern Star Financial

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between Northern Star Financial, Inc., Mankato, Minnesota, a registered bank holding company, and the Federal Reserve Bank of Minneapolis.


Written agreement with AmericanWest Bancorporation

News Release: The Federal Reserve Board on Tuesday announced the execution of a Written Agreement by and between AmericanWest Bancorporation, Spokane, Washington, a registered bank holding company, and the Federal Reserve Bank of San Francisco.


Federal Reserve offers $75 billion in 28-day credit through its Term Auction Facility

News Release: On Sept. 21, 2009, the Federal Reserve will offer $75 billion in 28-day credit through its Term Auction Facility. Additional information regarding the auction is listed below; the auction will be conducted as specified in this announcement, Regulation A, and the terms and conditions of the Term Auction Facility (www.federalreserve.gov/monetarypolicy/taf.htm).