Board Actions

Actions taken during the week ending December 4, 2010

Testimony and Statements

Problems in Mortgage Servicing -- statement by Governor Tarullo before the Senate Committee on Banking, Housing, and Urban Affairs on mortgage documentation and other servicing issues and appropriate supervisory and policy responses.
-Published, December 1, 2010

Personnel

Office of Financial Stability Policy and Research -- appointment of Seth F. Wheeler as chief of staff.
-Announced, December 1, 2010

Office of the Secretary -- temporary appointment of Patricia A.L. Nunley as visiting assistant secretary, effective January 2011.
-Announced, December 2, 2010

Regulations and Policies

Real Estate Appraisal and Evaluation Guidelines -- final interagency supervisory guidance on sound practices by financial institutions for real estate appraisals and evaluations.
-Approved, December 1, 2010

Enforcement

FCB Financial Corp., Savannah, Georgia -- written agreement with the Federal Reserve Bank of Atlanta and the Banking Commissioner of the State of Georgia.
-Announced, November 30, 2010

First Community Bank, Glasgow, Montana -- written agreement with the Federal Reserve Bank of Minneapolis and the Montana Division of Banking and Financial Institutions.
-Announced, December 2, 2010

First National Community Bancorp, Inc., Dunmore, Pennsylvania -- written agreement with the Federal Reserve Bank of Philadelphia.
-Announced, December 2, 2010

First South Bancorp, Inc., Spartanburg, South Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, November 30, 2010

HarVest Bancorp, Inc., Gaithersburg, Maryland -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, November 30, 2010

Oxford Financial Corporation, Oak Brook, Illinois -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, December 2, 2010

Ridgestone Financial Services, Inc., Brookfield, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, December 2, 2010

Southport Financial Corporation, Kenosha, Wisconsin -- written agreement with the Federal Reserve Bank of Chicago.
-Announced, November 30, 2010