Board Actions

Bank of the Ozarks, Inc., Little Rock, Arkansas -- to merge with Community & Southern Holdings, Inc., Atlanta, Georgia, and thereby acquire Community & Southern Bank; and election by Bank of the Ozarks, Inc., to become a financial holding company.
-Approved, June 27, 2016

Ohio Valley Banc Corp., Gallipolis, Ohio -- to merge with Milton Bancorp, Inc., Wellston; and for The Ohio Valley Bank Company, Gallipolis, to merge with The Milton Banking Company, Wellston, and thereby establish branches.
-Approved, June 27, 2016

Comprehensive Capital Analysis and Review -- no objection to the 2016 capital plans of 30 bank holding companies; requirement for Morgan Stanley to submit a new capital plan by the end of 2016 to address certain weaknesses in its capital planning processes; and objections to the 2016 capital plans of Deutsche Bank Trust Corporation and Santander Holdings USA, Inc., on qualitative grounds.
-Announced, June 29, 2016

Regulation TT (Supervision and Regulation Assessments of Fees) -- 2015 supervisory assessments, assessed companies, and related matters, pursuant to the Dodd-Frank Act and Regulation TT.
-Approved, June 27, 2016

Mortgage Servicing Assets -- interagency report to Congress on regulatory capital requirements for mortgage servicing assets for banking institutions.
-Published, July 1, 2016

Century Bank of Florida, Tampa, Florida -- written agreement dated August 25, 2009, terminated June 23, 2016.
-Announced, June 28, 2016

Pilot Bancshares, Inc., Tampa, Florida, and Pilot Bank -- written agreement dated July 7, 2010, terminated June 23, 2016.
-Announced, June 28, 2016