Board Actions

Actions taken during the week ending May 8, 2010

Regulations and Policies

Term Deposit Facility (TDF) -- authorization of up to five small-value offerings of term deposits in coming months and of a basic structure for the small-value TDF offerings.
-Approved, May 7, 2010

Enforcement

AliKat Investments, Inc., Gurnee, Illinois, and Northside Community Bank -- written agreement with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking.
-Announced, May 6, 2010

Bank of Commerce Holdings, Inc., Sarasota, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, May 7, 2010

Lake County Bank, St. Ignatius, Montana -- written agreement with the Federal Reserve Bank of Minneapolis and the Montana Division of Banking and Financial Institutions.
-Announced, May 3, 2010

Legacy Bancorp, Inc., Milwaukee, Wisconsin, and Legacy Bank -- written agreement with the Federal Reserve Bank of Chicago and the State of Wisconsin Department of Financial Institutions.
-Announced, May 5, 2010

The Northwestern Bank, Chippewa Falls, Wisconsin -- written agreement with the Federal Reserve Bank of Minneapolis and the State of Wisconsin Department of Financial Institutions.
-Announced, May 4, 2010

Paradise Bank, Boca Raton, Florida -- written agreement with the Federal Reserve Bank of Atlanta and the State of Florida Office of Financial Regulation.
-Announced, May 3, 2010

The South Financial Group, Greenville, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, May 7, 2010

Sumitomo Mitsui Banking Corporation, Tokyo, Japan, and its New York, New York, branch -- written agreement dated January 22, 2007, terminated May 6, 2010.
-Announced, May 6, 2010

Tower Financial Corporation, Fort Wayne, Indiana, and Tower Bank & Trust Company -- written agreement with the Federal Reserve Bank of Chicago and the Indiana Department of Financial Institutions.
-Announced, May 5, 2010