Board Actions

Apex Bancorp, Inc., Camden, Tennessee -- to retain and acquire voting shares of Community Capital Bancshares, Inc., Albany, Georgia, and thereby indirectly acquire control of AB&T.
-Approved, August 4, 2020

Varo Money, Inc., San Francisco, California -- commenter's request for reconsideration of the delegated approval of the application by Varo Money, Inc., to become a bank holding company by acquiring Varo Bank, N.A. (a de novo bank), Draper, Utah.
-Denied, August 7, 2020

Division of Information Technology -- appointment of Amy Kelley as assistant director.
-Approved, August 4, 2020

Faster Payments (FedNow) -- service announcement of the features and functionality of the FedNow Service.
-Announced, August 6, 2020

Lending and Liquidity Facilities -- report to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, August 5, 2020

Lending and Liquidity Facilities -- report to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, August 7, 2020

Stress Tests -- affirming the stress capital buffer requirements for the following firms that requested reconsideration thereof: BMO Financial Corporation, Wilmington, Delaware; Capital One Financial Corporation, McLean, Virginia; Citizens Financial Group, Inc., Providence, Rhode Island; The Goldman Sachs Group Inc., New York, New York; and Regions Financial Corporation, Birmingham, Alabama.
-Approved, August 7, 2020

Capital One Financial Corporation, McLean, Virginia -- issuance of a consent cease-and-desist order.
-Announced, August 6, 2020