Board Actions

Actions taken during the week ending September 5, 2015

Bank Holding Companies

Banner Corporation, Walla Walla, Washington, and Elements Merger Sub, LLC -- to acquire Starbuck Bancshares, Inc., Seattle, and thereby indirectly acquire its subsidiary, AmericanWest Bank, Spokane.
-Approved, September 3, 2015

Bank Mergers

Auburn State Bank, Auburn, Nebraska -- to merge with The Carson National Bank of Auburn, Auburn, and thereby establish a branch.
-Approved, August 30, 2015

Forms

Forms -- initial Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with Bank Secrecy Act Compliance Programs and the Recordkeeping and Disclosure Requirements Associated with Regulation II (Reg II).
-Proposed, September 2, 2015

Forms -- final Board review to extend without revision the Notice of Mutual Holding Company Reorganization (Form 1522), Application for Approval of a Minority Stock Issuance by a Savings Association Subsidiary of a Mutual Holding Company (Form 1523), Application for Conversion (Form 1680), Proxy Statement (Form 1681), Offering Circular (Form 1682), Order Form (Form 1683), Savings and Loan Holding Company Application (Form H-(e)), Recordkeeping Requirements Associated with the Guidance on Sound Incentive Compensation Policies (FR 4027), and Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products (FR 4029).
-Approved, September 3, 2015

Personnel

Office of the Chief Operating Officer -- appointment of Michael Kraemer as acting chief data officer.
-Announced, September 3, 2015

Enforcement

Virginia Community Bankshares, Inc., Louisa, Virginia, and Virginia Community Bank -- written agreement issued June 29, 2011, terminated August 28, 2015.
-Announced, September 1, 2015