By Fed Newswire | Oct 31, 2017
News Release: The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act by Southside Bancshares, Inc., Tyler, Texas, to acquire Diboll State Bancshares, Inc., and thereby indirectly acquire First Bank & Trust East Texas, both of Diboll, Texas.
By Fed Newswire | Oct 31, 2017
News Release: The Federal Reserve Board announced the termination of the enforcement action listed below: Liberty Shares, Inc., Hinesville, Georgia (now known as Heritage Bancorporation, Inc., Hinesville, Georgia) Written Agreement issued May 9, 2011 Terminated Oct. 23, 2017 The enforcement action from May 2011 can be found here (PDF) , and other enforcement actions can be searched for here.
By Fed Newswire | Oct 30, 2017
News Release: The Federal Reserve Board on Monday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Horizon National Corporation, Memphis, Tennessee, to acquire Capital Bank Financial Corp. ("CBFC"), Charlotte, North Carolina, and thereby indirectly acquire CBFC's subsidiary bank, Capital Bank Corp., Raleigh, North Carolina.
By Fed Newswire | Oct 26, 2017
News Release: The Federal Reserve Board on Thursday announced five new members of its Community Advisory Council (CAC).
By Fed Newswire | Oct 26, 2017
News Release: The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Reliable Community Bancshares, Inc., and MAB Acquisition Corp., both of Perryville, Missouri, to acquire Mid America Banking Corporation ("Mid America"), Rolla, and thereby indirectly acquire Mid America's subsidiary bank, Mid America Bank & Trust Company, Dixon, both of Missouri.
By Fed Newswire | Oct 26, 2017
News Release: The Federal Reserve Board on Thursday issued a Consent Order against Mid America Bank and Trust Company ("Mid America"), Dixon, Missouri, for deceptive practices in violation of section 5 of the Federal Trade Commission Act related to balance transfer credit cards issued to consumers by Mid America through third parties. The Consent Order requires Mid America to pay approximately $5 million in restitution to nearly 21,000 consumers.
By Fed Newswire | Oct 20, 2017
News Release: The Federal Reserve Board on Friday announced its approval of the application by ING Bank N.V., Amsterdam, The Netherlands, to establish a representative office in Dallas, Texas.
By Fed Newswire | Oct 19, 2017
News Release: On Oct. 19, 2017, the Federal Reserve conducted a floating-rate offering of term deposits through its Term Deposit Facility. The operation offered seven-day term deposits with the rate set equal to the sum of the interest rate paid on excess reserves plus a fixed spread of 1 basis point.
By Fed Newswire | Oct 17, 2017
News Release: The Federal Reserve Board on Tuesday released the minutes of its interest rate meetings for August 28 and Sept. 20, 2017.
By Fed Newswire | Oct 17, 2017
News Release: WASHINGTON -- Responding to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies today took action to facilitate the recovery process by temporarily easing appraisal requirements for real estate-related financial transactions in areas declared to be a major disaster.
By Fed Newswire | Oct 13, 2017
News Release: Randal K. Quarles on Friday took the oath of office as a member of the Board of Governors of the Federal Reserve System and Vice Chair for Supervision.
By Fed Newswire | Oct 13, 2017
News Release: The Federal Reserve, on behalf of the Governance Framework Formation Team, announced the 27 members of the collaborative industry short-term work group that will focus on developing a governance framework for faster payments in the United States. The work group, originally called the interim collaboration ...
By Fed Newswire | Oct 12, 2017
News Release: The Federal Reserve plans to continue its previously announced periodic testing of the Term Deposit Facility (TDF) with one operation in October. These operations are aimed at ensuring the operational readiness of the TDF and providing eligible institutions with an opportunity to maintain familiarity with term deposit procedures. The TDF test operations are a matter of prudent planning and have no implications for the near-term conduct of monetary policy.
By Fed Newswire | Oct 12, 2017
News Release: The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Citizens First State Bank of Walnut, Walnut, Illinois, Written Agreement dated Oct. 29, 2009 Terminated October 6, 2017 The enforcement action from October 2009 can be found here (PDF) and other enforcement actions can be searched for here.
By Fed Newswire | Oct 11, 2017
News Release: The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on September 19-20, 2017. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes.
By Fed Newswire | Oct 11, 2017
News Release: The Federal Reserve Board on Wednesday announced the execution of the enforcement actions listed below: Bank of Gueydan, Gueydan, Louisiana Order of Assessment of a Civil Money Penalty, dated October 6, 2017 Farmers State Bank, Victor, Montana Order of Assessment of a Civil Money Penalty, dated October 6, 2017 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.
By Fed Newswire | Oct 6, 2017
News Release: The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by Columbia Banking System, Inc., Tacoma, Washington, to acquire Pacific Continental Corporation ("Pacific") and thereby indirectly acquire Pacific's subsidiary bank, Pacific Continental Bank, both of Eugene, Oregon.
By Fed Newswire | Oct 5, 2017
News Release: The Federal Reserve Board announced the termination of the enforcement action listed below: First Bancorp, San Juan, Puerto Rico Written Agreement issued June 3, 2010 Terminated Oct. 3, 2017 The enforcement action from June 2010 can be found here (PDF) , and other enforcement actions can be searched for here.
By Fed Newswire | Oct 2, 2017
News Release: Statement of Chair Janet L. Yellen on the Financial Stability Oversight Council's decision to rescind the designation of American International Group (AIG) as a systemic nonbank financial company: The financial crisis showed that the distress of large and systemic nonbank financial companies could imperil ...
By Fed Newswire | Sep 29, 2017
News Release: The Federal Reserve Board on Friday announced its approval of the application by the Bank of East Asia, Limited, Hong Kong SAR, People's Republic of China, to upgrade its existing limited federal branch in Los Angeles, California, to a full-service branch.
