Board Actions

Actions taken during the week ending July 28, 2012

Bank Branches, Domestic

Five Star Bank, Warsaw, New York -- to acquire four branches of HSBC Bank USA, National Association, McLean, Virginia, that First Niagara Bank, National Association, Buffalo, New York, contracted to purchase from HSBC, and to establish branches at those locations (FRB Order No. 2012-7).
-Approved, July 26, 2012

Personnel

Office of the Secretary -- appointment of Robert deV. Frierson as secretary of the Board and Jennifer J. Johnson as senior adviser.
-Approved, July 28, 2012

Regulations and Policies

Regulation HH (Designated Financial Market Utilities) -- final rule related to the supervision of systemically important financial market utilities, in accordance with the Dodd-Frank Act.
-Approved, July 26, 2012

Regulation II (Debit Card Interchange Fees and Routing) -- final amendments regarding the fraud-prevention adjustment to debit card interchange fees, in accordance with the Dodd-Frank Act.
-Approved, July 26, 2012

Reserve Bank Operations

Board Policies on Federal Reserve Banks -- revisions to policy affecting Reserve Bank operations.
-Approved, July 26, 2012

Enforcement

Community National Bancorporation, Waterloo, Iowa -- written agreement dated February 1, 2010, terminated July 24, 2012.
-Announced, July 26, 2012

Cornerstone Bancorp, Inc., St. Petersburg, Florida -- written agreement with the Federal Reserve Bank of Atlanta.
-Announced, July 26, 2012

Heritage Oaks Bancorp, Paso Robles, California -- written agreement dated March 4, 2010, terminated July 19, 2012.
-Announced, July 26, 2012

Macon Bancorp, Franklin, North Carolina -- written agreement with the Federal Reserve Bank of Richmond.
-Announced, July 24, 2012

Omega Capital Corp., Centennial, Colorado -- written agreement dated October 20, 2010, terminated July 24, 2012.
-Announced, July 26, 2012

Premier Financial Bancorp, Inc., Huntington, West Virginia; Abigail Adams National Bancorp, Inc., Washington, D.C.; and Consolidated Bank and Trust Company, Richmond, Virginia -- written agreement dated July 29, 2010, terminated July 23, 2012.
-Announced, July 24, 2012