Board Actions

Actions taken during the week ending June 7, 2014

Bank Holding Companies

Cullen/Frost Bankers, Inc., San Antonio, Texas -- commenter's request for reconsideration of the Board's approval of the applications for Cullen/Frost Bankers to acquire WNB Bancshares, Inc., Odessa, and thereby acquire Western National Bank; and for Frost Bank, San Antonio, to merge with Western National Bank, Odessa, and thereby establish branches.
-Denied, June 6, 2014

Monetary and Financial Policy

Term Deposit Facility -- fixed-rate offering of seven-day term deposits with a maximum tender amount of $10 billion on June 9, 2014.
-Announced, June 5, 2014

Personnel

Division of Consumer and Community Affairs -- appointment of Eric S. Belsky as director.
-Approved, May 28, 2014
(A/C)

Division of Financial Management -- appointment of Patrick J. McClanahan as deputy director and controller, effective June 2, 2014.
-Announced, June 3, 2014

Regulations and Policies

Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
-Approved, May 22, 2014
(A/C)

Enforcement

Anchor Commercial Bank, Juno Beach, Florida -- prompt corrective action directive issued October 11, 2011, terminated May 12, 2014.
-Announced, June 5, 2014

CBOA Financial, Inc., Tucson, Arizona -- written agreement, issued May 28, 2014, with the Federal Reserve Bank of San Francisco.
-Announced, June 3, 2014

Columbia Commercial Bancorp, Hillsboro, Oregon -- written agreement issued March 18, 2009, terminated June 2, 2014.
-Announced, June 5, 2014

Foundation Bancorp, Inc., Bellevue, Washington -- written agreement issued December 23, 2010, terminated May 28, 2014.
-Announced, June 3, 2014

Patriot Bancshares, Inc., Houston, Texas, and Patriot Holdings Nevada, Inc., Reno, Nevada -- written agreement issued November 17, 2011, terminated May 29, 2014.
-Announced, June 5, 2014