Board Actions

Actions taken during the week ending December 14, 2019

Updated January 3, 2020

Bank Holding Companies

First Citizens Bancshares, Inc., Raleigh, North Carolina -- to acquire Entegra Financial Corp., Franklin, and thereby indirectly acquire Entegra Bank.
-Approved, December 13, 2019

Forms

Forms -- (1) initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation R (FR R); (2) final Board review to extend with revision the Reporting and Disclosure Requirements Related to Securities of State Member Banks as Required by Regulation H (FR H-1) and Reporting Requirements Associated with the Savings and Loan Holding Company Registration Statement (FR LL-10(b); and (3) final Board review to extend without revision the Consumer Satisfaction Questionnaire (FR 1379a), Federal Reserve Consumer Help-Consumer Survey (FR 1379b), Consumer Online Complaint Form (FR 1379c), Appraisal Complaint Form (FR 1379d), and Payments Research Survey (FR 3067).
-Approved, December 10, 2019

Supervision and Regulation

Resolution plans -- determinations by the Board and Federal Deposit Insurance Corporation on the 2019 resolution plans submitted by eight large, complex U.S. banking organizations: Bank of America Corporation; The Bank of New York Mellon Corporation; Citigroup Inc.; The Goldman Sachs Group, Inc.; JPMorgan Chase & Co.; Morgan Stanley; State Street Corporation; and Wells Fargo & Company.
-Approved, December 13, 2019

Enforcement

JPMorgan Chase & Co., New York, New York -- cease-and-desist order dated January 14, 2013, terminated December 5, 2019.
-Announced, December 12, 2019

Spirit BankCorp, Inc., Bristow, Oklahoma -- written agreement dated August 2, 2012, terminated December 5, 2019.
-Announced, December 12, 2019

U.S. Bancorp, Minneapolis, Minnesota, and USB Americas Holding Company -- cease-and-desist order dated February 14, 2018, terminated December 5, 2019.
-Announced, December 12, 2019