Board Actions

Actions taken during the week ending January 27, 2018

Bank Holding Companies

Associated Banc-Corp, Green Bay, Wisconsin -- to acquire Bank Mutual Corporation, Milwaukee, a savings and loan holding company, and thereby indirectly acquire Bank Mutual, Brown Deer, a federal savings association.
-Approved, January 22, 2018

Regulations and Policies

Disaster-Related CRA Consideration -- interagency statement granting favorable consideration under Community Reinvestment Act regulations to financial institutions outside of the U.S. Virgin Islands or Puerto Rico for activities to help revitalize or stabilize these areas.
-Announced, January 25, 2018

Savings and Loan Holding Companies

Wawel Financial Services, MHC, Garfield, New Jersey -- (1) to dispose of its subsidiary, Wawel Bank, Garfield, pursuant to a merger agreement with Spencer Savings Bank, Elmwood Park, and to dissolve following the disposition of Wawel Bank; and (2) for the Board to delegate authority to the Reserve Banks to approve future dissolution requests from mutual holding companies.
-Approved, January 24, 2018

Supervision and Regulation

Resolution Plans -- issuance of joint letters with the Federal Deposit Insurance Corporation to 19 large foreign banking organizations regarding the firms' resolution plans due in December 2018.
-Approved, January 23, 2018

Enforcement

Putnam County Bank, Hurricane, West Virginia -- issuance of a cease-and-desist order and assessment of a civil money penalty upon the consent of Jeffrey R. Davis, a former institution-affiliated party.
-Announced, January 25, 2018