Board Actions

Actions taken during the week ending June 4, 2016

Bank Holding Companies

BNC Bancorp, High Point, North Carolina -- to acquire Southcoast Financial Corporation, Mount Pleasant, South Carolina, and thereby indirectly acquire Southcoast Community Bank.
-Approved, June 1, 2016

Forms

Forms -- initial Board review to extend with revision the Uniform Interagency Transfer Agent Registration and Amendment Form (Form TA-1).
-Proposed, June 2, 2016

Regulations and Policies

Bank Premises Investments -- (1) revision of the Board's policy on investment in bank premises by state member banks, and (2) commitment relief for FirstBank, Lakewood, Colorado, to retain certain bank premises in accordance with the policy revision.
-Approved, June 2, 2016

Insurance Activities -- publication for comment of (1) advance notice of proposed rulemaking regarding capital requirements for supervised institutions significantly engaged in insurance activities and (2) proposed rule to apply enhanced prudential standards for systemically important insurance companies.
-Approved, June 3, 2016

Enforcement

Broadway Financial Corporation, Los Angeles, California -- cease and desist order issued by the Office of Thrift Supervision dated September 9, 2010, terminated February 5, 2016.
-Announced, May 31, 2016