Board Actions

Magnolia Banking Corporation, Magnolia, Arkansas -- to merge with Prescott Bancshares, Inc., Prescott, and thereby indirectly acquire Bank of Prescott; and for Farmers Bank & Trust Company, Magnolia, to merge with Bank of Prescott and thereby establish a branch.
-Approved, October 11, 2019

Forms -- (1) initial Board review to extend with revision of the Intermittent Survey of Businesses (FR 1374) and to extend without revision the Filings Related to the Gramm-Leach-Bliley Act (FR 4010, FR 4011, FR 4012, FR 4017, FR 4019 and FR 4023) and (2) final Board review to extend with revision the Interagency Policy Statement on Funding and Liquidity Risk Management (FR 4198) and to extend without revision the Recordkeeping Provisions Associated with Guidance on Leverage Lending (FR 4203) and Disclosure and Reporting Requirements of the Community Reinvestment Act (CRA)-Related Agreements (Regulation G) (FR G).
-Approved, October 10, 2019

Prudential Standards and Resolution Plans -- (1) final rules on prudential standards and resolution plans for domestic and foreign banking organizations and (2) publication for comment of a notice of proposed rulemaking to modify supervisory fees for large banks.
-Approved, October 10, 2019

Pacific Premier Bank, Irvine, California -- issuance of a notice of intent to prohibit and a notice of intent to issue a cease-and-desist order requiring restitution against Mai Ly-Vu, a former institution-affiliated party of Pacific Premier Bank.
-Approved, October 7, 2019