Board Actions

Actions taken during the week ending May 7, 2016

Bank Branches, Domestic

Origin Bank, Choudrant, Louisiana -- to establish a branch at 2049 West Gray Street, Houston, Texas, and a mobile branch to serve Harris County, Texas.
-Approved, May 4, 2016

Bank Holding Companies

Republic Bancorp, Inc., Louisville, Kentucky -- to merge with Cornerstone Bancorp, Inc., St. Petersburg, Florida, and thereby indirectly acquire Cornerstone Community Bank.
-Approved, May 2, 2016

Personnel

Division of Banking Supervision and Regulation -- appointment of James Ray Diggs as assistant director.
-Announced, May 5, 2016

Regulations and Policies

Regulation WW (Liquidity Risk Measurement Standards) -- publication for comment of interagency proposed rule to implement a stable funding requirement, the net stable funding ratio, for large and internationally active banking organizations.
-Approved, May 3, 2016

Regulations Q, WW, and YY -- publication for comment of proposed rule to implement restrictions on qualified financial contracts of systemically important U.S. banking organizations and the U.S. operations of systemically important foreign banking organizations.
-Approved, May 3, 2016

Enforcement

Farmers & Merchants Bank of Ashland, Ashland, Nebraska -- issuance of a consent order of assessment of a civil money penalty.
-Announced, May 3, 2016

First Mutual of Richmond, Inc., Richmond, Indiana, and Richmond Mutual Bancorporation, Inc. -- written agreement dated June 29, 2012, terminated April 28, 2016.
-Announced, May 3, 2016