Board Actions

Cadence Bancorporation, Houston, Texas -- to acquire State Bank Financial Corporation, Atlanta, Georgia, and indirectly acquire State Bank and Trust Company, Macon.
-Approved, December 6, 2018

Synovus Financial Corp., Columbus, Georgia -- to merge with FCB Financial Holdings, Inc., Weston, Florida, and indirectly acquire Florida Community Bank, N.A.; and for Synovus Bank, Columbus, to merge with Florida Community Bank, N.A. and thereby establish branches.
-Approved, December 6, 2018

Forms -- initial Board review to extend with revision the FR 2248, FR 2320, FR Y-8, FR 2644, FR 2886b, and the following families of reports: (1) FR Y-9 (FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS), (2) FR Y-7 ( FR Y-7N, FR Y-7NS, and FR Y-7Q), (3) FR Y-11 (FR Y-11 and FR Y-11S), and (4) FR 2314 (FR 2314 and FR 2314S).
-Proposed, December 4, 2018

Forms -- final Board review to extend with revision the Procurement Solicitation Package (FR 1400).
-Approved, December 6, 2018

Bank Secrecy Act/Anti-Money-Laundering (BSA/AML) -- interagency statement encouraging depository institutions to explore innovative approaches to meet their BSA/AML compliance obligations and further strengthen the financial system against illicit financial activity.
-Announced, December 3, 2018