Board Actions

Community Depository Institutions Advisory Council -- announcement of members and designation of Drake Mills as president and John B. Dicus as vice president for 2014.
-Announced, August 12, 2013

Hana Financial Group Inc., Seoul, Republic of Korea -- to acquire up to 71.4 percent of the voting shares of BNB Financial Services Corporation, New York, New York.
-Approved, August 13, 2013

Live Oak Bancshares, Inc., Wilmington, North Carolina -- to engage in certain nonbanking activities through the acquisition of Government Loan Solutions, Inc., Cleveland, Ohio.
-Approved, August 13, 2013

Forms -- final Board review (1) to extend with revision the Notices of Failure to Meet Capital or Management Requirements (FR 4012) and (2) to extend without revision the Declarations to Become a Financial Holding Company (FHC) (FR 4010), Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011), Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017), Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019), and Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023).
-Approved, August 12, 2013

Regulation TT (Supervision and Regulation Assessments of Fees) -- final rule on collection of assessments for the supervision and regulation of bank holding companies and savings and loan holding companies with $50 billion or more in total consolidated assets and nonbank financial companies designated for Board supervision by the Financial Stability Oversight Council, in accordance with the Dodd-Frank Act.
-Announced, August 16, 2013

Bank of Virginia, Midlothian, Virginia -- written agreement dated January 14, 2010, terminated August 13, 2013.
-Announced, August 15, 2013

Marquette Financial Companies, Minneapolis, Minnesota -- written agreement dated February 17, 2011, terminated August 8, 2013.
-Announced, August 15, 2013