Board Actions

Actions taken during the week ending June 13, 2020

Bank Holding Companies

First Horizon National Corporation, Memphis, Tennessee -- to merge with IBERIABANK Corporation, Lafayette, Louisiana, and thereby indirectly acquire IBERIABANK; and for First Horizon Bank, Memphis, to merge with IBERIABANK, Lafayette, and thereby establish branches.
-Approved, June 13, 2020

Monetary and Financial Policy

Main Street Lending Program -- (1) revisions to the Main Street New Loan Facility, Main Street Expanded Loan Facility, and Main Street Priority Loan Facility and (2) announcement of plans for a Main Street program for nonprofit organizations.
-Approved, June 8, 2020

Monetary and Financial Policy -- semiannual report to Congress.
-Published, June 12, 2020

Personnel

Division of Supervision and Regulation -- appointment of Kavita Jain as deputy associate director and Juan Climent as assistant director.
-Approved, June 8, 2020

Regulations and Policies

Lending and Liquidity Facilities -- report to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, June 12, 2020

Enforcement

East West Bank, Pasadena, California -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
-Announced, June 9, 2020