Board of Governors of the Federal Reserve System

Capital One Financial Corporation, McLean, Virginia -- (1) to acquire Discover Financial Services (Discover), Riverwoods, Illinois, and thereby indirectly acquire Discover Bank, Greenwood, Delaware, and (2) to indirectly acquire Discover's ownership interests in certain nonbank companies engaged in extending credit and servicing loans, activities related to extending credit, and data processing.
Announced: April 18, 2025

United Community Banks, Inc., Greenville, South Carolina -- (1) to acquire ANB Holdings, Inc., and thereby indirectly acquire American National Bank, both of Oakland Park, Florida, and (2) for United Community Bank, Greenville, South Carolina, to merge with American National Bank and to establish and operate a branch at the location of the main office and branch of American National Bank.
Announced: April 16, 2025

Discover Financial Services and DFS Services LLC, both of Riverwoods, Illinois -- consent cease-and-desist order and assessment of a civil money penalty.
Announced: April 18, 2025

Stress Testing -- (1) notice of proposed rulemaking and request for comment on modifications to the capital plan rule and stress capital buffer requirement and (2) initial Board review to extend with revision the Capital Assessments and Stress Testing Reports (FR Y-14A/Q/M).
Approved: April 16, 2025

Federal Reserve Bank of Philadelphia -- appointment of Anna Paulson as president and chief executive officer.*
Approved: April 8, 2025
*Addition

Reserve Bank Director -- appointment of a director for the Memphis Branch of the Federal Reserve Bank of St. Louis.
Approved: April 15, 2025