Board Actions

Actions taken during the week ending August 11, 2012

Personnel

Division of Banking Supervision and Regulation -- appointment of Laurie F. Priest as assistant director and chief of staff.
-Approved, August 9, 2012

Regulations and Policies

Capital Rules -- extension to October 22, 2012, of the comment period on three proposed rules to revise and replace current capital rules and implement the Basel III regulatory capital reforms and certain aspects of the Dodd-Frank Act.
-Announced, August 8, 2012

Enforcement

Asian Financial Corporation, Philadelphia, Pennsylvania, and Asian Bank -- issuance of a consent cease and desist order.
-Announced, August 7, 2012

Coastal Financial Corporation, Everett, Washington, and Coastal Community Bank -- written agreement dated September 25, 2009, terminated August 6, 2012.
-Announced, August 9, 2012

Gold Canyon Bank, Gold Canyon, Arizona -- issuance of a prompt corrective action directive with the consent of the bank.
-Announced, August 7, 2012

LegacyTexas Group, Inc., Plano, Texas, and LegacyTexas Bank -- written agreement dated August 18, 2009, terminated August 1, 2012.
-Announced, August 7, 2012

MetLife, Inc., New York, New York -- issuance of monetary sanctions totaling $3.2 million against MetLife, Inc. for failure to adequately oversee its subsidiary bank's mortgage loan servicing and foreclosure processing operations.
-Announced, August 7, 2012

Spirit BankCorp, Inc., Bristow, Oklahoma -- written agreement with the Federal Reserve Bank of Kansas City.
-Announced, August 7, 2012

The State Bank of Blue Mound, Blue Mound, Illinois -- written agreement with the Federal Reserve Bank of Chicago and the Illinois Department of Financial and Professional Regulation, Division of Banking.
-Announced, August 7, 2012