APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT By Federal Reserve Banks Recent applications have been approved by the Federal Reserve Banks as listed below. Copies are available upon request to the Reserve Banks. Section 3 ...
FAIRFAX, Va. -- David W. Pijor, Chairman and Chief Executive Officer of First Virginia Community Bank, in organization, announced the Federal Reserve Bank of Richmond has approved the organization's application for membership in the Federal Reserve System. "Membership in the Federal Reserve System provides our new bank with extensive products...
Today, Bank of Smithtown sold its shares of stock in the Federal Reserve Bank of New York back to the Fed, thereby withdrawing from its membership in the Federal Reserve System.
Jack Guynn, 63, president and CEO of the Federal Reserve Bank of Atlanta, today announced he will retire from the Reserve Bank effective Oct. 1 - ending more than four decades of service.
ACTON, Mass.--BUSINESS WIRE--Nov. 7, 1995--The Co-operative Bank of Concord (NASDAQ: COBK) announced that the Federal Reserve Bank of Boston and the FDIC approved the acquisition of Bank of Braintree (NASDAQ: BTSB) by Walden Bancorp, the holding company formed by The Co-operative Bank to facilitate the transaction.
As part of their ongoing effort to respond to the significant shift away from the use of paper checks and toward the much greater use of electronic payments, the Federal Reserve Banks will discontinue check processing at the Federal Reserve Bank of New York's East Rutherford Operations Center. That volume...
As part of their ongoing effort to respond to the significant shift away from the use of paper checks and toward the much greater use of electronic payments, the Federal Reserve Banks will discontinue check processing at the Federal Reserve Bank of New York's East Rutherford Operations Center. That volume...
Jeffrey M. Lacker has been appointed president of the Federal Reserve Bank of Richmond, effective August 1, 2004. He succeeds J. Alfred Broaddus, Jr., who last November, announced his intention to retire. Lacker is currently senior vice president and director of research at the Federal Reserve Bank of Richmond.
Fronter Financial Corp., the parent company of Frontier Bank, is now a member of the Federal Reserve System, a move that means the bank will be supervised by the Federal Reserve Bank of San Francisco. Fronter Financial Corp., the parent company of Frontier Bank, is...
MIAMI -- The Federal Reserve Bank of Atlanta is transferring its check-processing operations in Miami to a ... MIAMI -- The Federal Reserve Bank of Atlanta is transferring its check-processing operations in Miami to a similar branch in Jacksonville, affecting about 70 employees. The bank hasn't...
Howard Bank, the only locally owned and managed bank in Howard County, announced that it received approval from the Federal Reserve Board to form a holding company, Howard Bancorp Inc., which will become the parent company of Howard Bank. Each outstanding share of Howard Bank stock will be exchanged for...
The recent decline in the Federal Reserve's check volumes has received a lot of attention. Although switching to electronic payments methods and electronic check processing has been credited for much of that decline, some of it could be caused by changes following bank mergers involving Federal Reserve customer banks. This...
AVONDALE, Ariz. -- Candace Hunter Wiest, the first woman ever elected by her peers as a Class A Director of the Federal Reserve Bank of San Francisco, has been named the first president and CEO of West Valley National Bank proposed -- a start-up bank just west of Phoenix.
The FDICIAThe Federal Deposit Insurance Corporation Improvement Act, the Federal Reserve had amended the International Banking Act and increased the Federal Reserve’s authority with respect to these foreign bank operations, including representative offices, in the United States. The Federal Reserve may coordinate the examinations of foreign bank operations with other...
My name is Thomas M. Hoenig, and I am president of the Federal Reserve Bank of Kansas City. This Bank serves the Tenth Federal Reserve District, which includes Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico, and the western third of Missouri. I am pleased to have...
May 24, 2006 (Reserve Bank Bulletin - ABIX via COMTEX) -- The Reserve Bank of Australia has released a package of reforms to the EFTPOS and scheme debit systems. The designation of the Bankcard system has been revoked. The bank determined that the ...
SAN FRANCISCO--BUSINESS WIRE--July 9, 1998--At a Federal Reserve Board public hearing today, Consumers Union Staff Attorney Earl Lui urged the Board to condition its approval of the proposed Bank of America/NationsBank merger upon the new bank's commitments to meet the needs of low- and moderate-income consumers. This hearing is the...
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