Board Actions

Actions taken during the week ending June 13, 2009

Enforcement

The Bank of New York, New York, New York -- written agreement dated April 21, 2006, terminated June 5, 2009.
-Announced, June 12, 2009

First Citizens Bank of Butte, Butte, Montana -- written agreement dated June 30, 2005, terminated May 28, 2009.
-Announced, June 8, 2009

First Commerce Community Bankshares, Inc., Douglasville, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, June 8, 2009

Nexity Financial Corporation, Birmingham, Alabama -- issuance of a consent cease and desist order.
-Announced, June 10, 2009

SEB Bancorp, Inc., Marietta, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, June 11, 2009

Sterling Bank, Lantana, Florida -- written agreement with the Federal Reserve Bank of Atlanta and the Office of Financial Regulation of the State of Florida.
-Announced, June 10, 2009

Testimony And Statements

Executive Compensation -- statement by Scott G. Alvarez, general counsel, before the House Committee on Financial Services regarding incentive compensation in banking and financial services.
-Published, June 11, 2009