Board Actions

Actions taken during the week ending December 12, 2020

Bank Holding Companies

Bern Bancshares Inc., Bern, Kansas -- to acquire additional shares of UBT Bancshares, Inc., Marysville, which wholly owns United Bank & Trust.
-Approved, December 7, 2020

Other Actions

Network of Central Banks and Supervisors for Greening the Financial System (NGFS) -- seek to become a full member in the NGFS.
-Approved, December 7, 2020

Supervision and Regulation

Resolution Plans -- interagency (1) final guidance on resolution plans for certain large, complex foreign banking organizations; (2) letters to Credit Suisse, Barclays, Deutsche Bank, and UBS confirming shortcomings in their 2018 resolution plans have been remediated; and (3) letters to Category II and Category III resolution plan filers identifying areas of interest required to be addressed in their 2021 targeted resolution plans, which are due by December 17, 2021.
-Approved, December 8, 2020

Enforcement

Community Trust Bank, Inc., Pikeville, Kentucky -- consent order dated July 25, 2018, terminated December 7, 2020.
-Announced, December 8, 2020