Federal Reserve Board: H.2 Release for Week Ending September 5, 2015

The Federal Reserve Board (Board) publishes a weekly digest of its activities on its website. The digest is called the H.2 Release and is published every Thursday. The release for the week ending September 5, 2015, is below.

H.2 Release–Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

Category Action Taken
Bank Holding Companies Banner Corporation, Walla Walla, Washington, and Elements Merger Sub, LLC — to acquire Starbuck Bancshares, Inc., Seattle, and thereby indirectly acquire its subsidiary, AmericanWest Bank, Spokane.

-Approved, September 3, 2015

Bank Mergers Auburn State Bank, Auburn, Nebraska — to merge with The Carson National Bank of Auburn, Auburn, and thereby establish a branch.

-Approved, August 30, 2015

Forms Forms — initial Board review to extend without revision the Recordkeeping Requirements of Regulation H and Regulation K Associated with Bank Secrecy Act Compliance Programs and the Recordkeeping and Disclosure Requirements Associated with Regulation II (Reg II).

-Proposed, September 2, 2015

Forms — final Board review to extend without revision the Notice of Mutual Holding Company Reorganization (Form 1522), Application for Approval of a Minority Stock Issuance by a Savings Association Subsidiary of a Mutual Holding Company (Form 1523), Application for Conversion (Form 1680), Proxy Statement (Form 1681), Offering Circular (Form 1682), Order Form (Form 1683), Savings and Loan Holding Company Application (Form H-(e)), Recordkeeping Requirements Associated with the Guidance on Sound Incentive Compensation Policies (FR 4027), and Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products (FR 4029).

-Approved, September 3, 2015

Personnel Office of the Chief Operating Officer — appointment of Michael Kraemer as acting chief data officer.

-Announced, September 3, 2015

Enforcement Virginia Community Bankshares, Inc., Louisa, Virginia, and Virginia Community Bank — written agreement issued June 29, 2011, terminated August 28, 2015.

-Announced, September 1, 2015

Additional note: David Harmon, listed as deputy director and chief human capital officer on the Board’s website (as of September 12, 2015), is the chief people officer at Gannett (as of June 5, 2015).