Board Actions

First Interstate BancSystem, Inc., Billings, Montana -- to merge with Mountain West Financial Corp., Helena, and thereby indirectly acquire Mountain West Bank, National Association.
-Approved, June 27, 2014

Forms -- final Board review to extend without revision the Notification of Nonfinancial Data Processing Activities (FR 4021); Recordkeeping Requirements Associated with Limitations on Interbank Liabilities (Regulation F); Recordkeeping and Disclosure Requirements Associated with Regulation R (FR 4025); Registration of Mortgage Loan Originators (CFPB Regulation G); Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H (Reg H-3); and the data collection requirements of the Home Mortgage Disclosure Act, including the HMDA/LAR.
-Approved, June 23, 2014

Term Deposit Facility -- fixed rate offering of seven-day term deposits with a maximum tender amount of $10 billion on June 30, 2014.
-Announced, June 26, 2014

BNP Paribas S.A., Paris, France -- issuance of a consent cease and desist order and assessment of a civil money penalty, and issuance, jointly with the Autorité de Contrôle Prudentiel et de Résolution, of a consent cease and desist order.
-Approved, June 27, 2014

Regions Bank, Birmingham, Alabama -- joint issuance with the Alabama State Banking Department of a consent order and assessment of a civil money penalty; joint issuance of consent orders of prohibition against Jeffrey C. Kuehr and Michael J. Willoughby, former institution-affiliated parties of Regions Bank; and issuance of notice of assessment of a civil money penalty and notice of intent to prohibit against a Thomas A. Neely Jr., a former institution-affiliated party.
-Approved, June 25, 2014