Board Actions

Actions taken during the week ending September 28, 2013

Bank Holding Companies

New York Private Bank & Trust Corporation, New York, New York -- determination that the bank holding company does not qualify as a smaller depository institution holding company under the Dodd-Frank Act.
-Approved, September 23, 2013

One PacificCoast Foundation, Oakland, California, and One PacificCoast Bancorp, Inc. -- to become bank holding companies by acquiring shares of Albina Community Bank, Portland, Oregon; to retain control of One PacificCoast Bank, FSB, Oakland, a federal savings bank; and to engage in certain nonbanking activities.
-Approved, September 25, 2013

Regulations and Policies

Regulations Y (Bank Holding Companies and Change in Bank Control) and YY (Enhanced Prudential Standards) -- two interim final rules, with requests for comment, clarifying arrangements for incorporating the Basel III regulatory capital reforms into the next cycle of capital plan submissions and stress tests.
-Approved, September 24, 2013

Enforcement

SunSouth Bancshares, Inc., Dothan, Alabama -- written agreement with the Federal Reserve Bank of Atlanta and the Alabama State Banking Department.
-Announced, September 26, 2013