Board Actions

Actions taken during the week ending February 27, 2010

Testimony and Statements

Incentive Compensation -- statement by Scott Alvarez, general counsel, before the House Committee on Financial Services on incentive compensation practices in banking and financial services.
-Published, February 25, 2010

Small Business Lending -- statement by Governor Duke before the House Committees on Financial Services and Small Business regarding credit availability for small businesses and steps being taken to help meet the needs of creditworthy borrowers.
-Published, February 26, 2010

Enforcement

Bankers' Bank of the West Bancorp, Denver, Colorado, and Bankers' Bank of the West -- written agreement with the Federal Reserve Bank of Kansas City and the Colorado Division of Banking.
-Announced, February 24, 2010

Citizens Bancorp, Nevada City, California -- written agreement with the Federal Reserve Bank of San Francisco.
-Announced, February 25, 2010

Heritage Commerce Corp, San Jose, California, and Heritage Bank of Commerce -- written agreement with the Federal Reserve Bank of San Francisco and the State of California Department of Financial Institutions.
-Announced, February 23, 2010

Mercantile Bancorp, Inc., Quincy, Illinois -- written agreement with the Federal Reserve Bank of St. Louis.
-Announced, February 24, 2010

Pacific State Bancorp, Stockton, California, and Pacific State Bank -- written agreement with the Federal Reserve Bank of San Francisco and the State of California Department of Financial Institutions.
-Announced, February 24, 2010