Board Actions

Actions taken during the week ending February 14, 2015

Testimony and Statements

Community Banks -- statement by Maryann F. Hunter, deputy director, Division of Banking Supervision and Regulation, before the Senate Committee on Banking, Housing, and Urban Affairs on community banks and the effects of regulatory burden on these institutions.
-Published, February 10, 2015

Bank Holding Companies

IBERIABANK Corporation, Lafayette, Louisiana -- to acquire Florida Bank Group, Inc., Tampa, Florida, and thereby acquire Florida Bank; and for IBERIABANK, Lafayette, to merge with Florida Bank, Tampa, and to establish branches at the main office and branches of Florida Bank.
-Approved, February 13, 2015

Simmons First National Corporation, Pine Bluff, Arkansas -- to merge with Community First Bancshares, Inc., Union City, Tennessee, and thereby indirectly acquire First State Bank; and to merge with Liberty Bancshares, Inc., Springfield, Missouri, and thereby indirectly acquire Liberty Bank.
-Approved, February 10, 2015

Banks, State Member

Comerica Bank, Dallas, Texas -- commenter's request for reconsideration of the Board's approval of the application by Comerica Bank to establish a branch at 31 68th Avenue, Coopersville, Michigan.
-Denied, February 11, 2015

Monetary and Financial Policy

Term Deposit Facility -- floating-rate offering of 21-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $20 billion on February 12, 2015.
-Announced, February 11, 2015

Enforcement

Macon Bancorp, Franklin, North Carolina -- written agreement issued July 20, 2012, terminated November 13, 2014.
-Announced, February 12, 2015