Board Actions

Community Bank System, Inc., DeWitt, New York -- to acquire Merchants Bancshares, Inc., South Burlington, Vermont, and thereby indirectly acquire Merchants Bank.
-Approved, April 25, 2017

Simmons First National Corporation, Pine Bluff, Arkansas -- to merge with Hardeman County Investment Company, Inc., Jackson, Tennessee, and thereby indirectly acquire First South Bank.
-Approved, April 26, 2017

Wells Fargo & Company, San Francisco, California -- joint determination by the Board and the Federal Deposit Insurance Corporation that Wells Fargo & Company has adequately remedied the deficiencies in its 2015 resolution plan and therefore will no longer be subject to restrictions on its growth, activities, and operations that were imposed last year.
-Approved, April 24, 2017

Credit Agricole S.A., Paris, France -- remedial plan submitted by Credit Agricole, S.A. and its subsidiaries, including Credit Agricole Corporate and Investment Bank, Paris, as required under the Board's 2015 enforcement action.
-Approved, April 24, 2017