Board Actions

U.S. Bancorp, Minneapolis, Minnesota -- to acquire MUFG Union Bank, National Association, San Francisco, California.
-Approved, October 13, 2022

Clinton Bancshares, Inc., Clinton, Oklahoma -- the Berry Leaf Sewell Revocable Trust, Berry L. Sewell and Adrienne M. Sewell as co-trustees, to acquire voting shares of Clinton Bancshares, Inc., the sole owner of First Bank & Trust Company (FB&T), all of Clinton, Oklahoma, in their individual capacity and as members of a group acting in concert. Additionally, the Frank A. Sewell IV 1998 Irrevocable Trust, FB&T as trustee; the Frank A. Sewell III 2012 Revocable Trust, Lucie K. Sewell and FB&T as co-trustees; the Lucie K. Sewell 2012 Revocable Trust, Lucie K. Sewell as trustee; and the Lucie K. Sewell 2012 Irrevocable Trust, Berry L. Sewell and FB&T as co-trustees, all of Clinton, Oklahoma, and all as members of the same group acting in concert, to retain voting shares of Clinton Bancshares.
-Permitted, October 6, 2022
(A/C)

Forms -- initial Board review to extend with revision the Reporting Requirements Associated with Regulation Y for Extension of Time to Conform to the Volcker Rule (FR Y-1).
-Approved, October 12, 2022

Availability of Credit to Small Businesses -- 2022 report.
-Approved, October 11, 2022

Resolvability of Large Banking Organizations (LBOs) -- interagency advance notice of proposed rulemaking and request for comment on resolution-related resource requirements for certain LBOs.
-Approved, October 13, 2022

Coronavirus Aid, Relief, and Economic Security (CARES) Act -- consent orders of prohibition against the following individuals for fraudulently obtaining loans and grants administered under the CARES Act: Lexus Clark and Arneita Glenn, former institution-affiliated parties of Ally Bank, Detroit, Michigan; Erica McRae, a former institution-affiliated party of Regions Bank, Birmingham, Alabama; Carmen L. Peña, a former institution-affiliated party of First Horizon Bank, Memphis, Tennessee; and Evelyn Batista, a former institution-affiliated party of Merrill Lynch Wealth Management, a subsidiary of Bank of America Corporation, Charlotte, North Carolina.
-Announced, October 13, 2022