Board Actions

FirstSun Capital Bancorp (formerly Sunflower Reincorporation Sub, Inc.), Salina, Kansas -- (1) to become a bank holding company by merging with Sunflower Financial, Inc., Salina, and thereby indirectly acquiring Sunflower Bank, National Association; (2) to acquire Strategic Growth Bank Incorporated, El Paso, Texas, and Strategic Growth Bancorp Incorporated, and thereby indirectly acquire Capital Bank, SSB, and First National Bank of Santa Fe, Albuquerque, New Mexico; and (3) election to become a financial holding company.
-Approved, June 2, 2017

Forms -- initial Board review to extend without revision the Government- Administered, General-Use Prepaid Card Surveys (FR 3063a and FR 3063b).
-Proposed, May 30, 2017

Division of Financial Stability -- appointment of William Bassett as associate director and Luca Guerrieri as deputy associate director, and transfer of Andrew Cohen from the Division of Research and Statistics to Financial Stability as assistant director.
-Announced, May 31, 2017

Appraiser Availability -- issuance of interagency advisory to help insured depository institutions and bank holding companies address a shortage of state-certified and -licensed appraisers, particularly in rural areas.
-Announced, May 31, 2017

Volcker Rule Conformance Period -- requests by Deutsche Bank AG, UBS Group AG, and SVB Financial Group for an extended transition period of up to five years to conform investments in certain "illiquid" funds under the Volcker Rule.
-Approved, May 31, 2017