FED

Federal Reserve Approves Home BancShares Merger with Mountain Commerce

The Federal Reserve Board has approved the application by Home BancShares to acquire Mountain Commerce Bancorp, Inc. This approval also allows Centennial Bank to merge with Mountain Commerce Bank and establish a branch at its current location.

Federal Reserve Enforcement Actions Against Former Bank Employees

The Federal Reserve Board has issued consent prohibition orders against two former bank employees for embezzlement and misappropriation of customer funds. Cassandra Grayson, formerly of Equity Bank, and Sandra Adams, formerly of First State Bank of Dongola, are subject to these enforcement actions.

Federal Reserve Enforcement Actions for Embezzlement

The Federal Reserve Board announced enforcement actions against two former bank employees for embezzlement and misappropriation of funds. Jacob Hilton, formerly of United Bank, and Klaus Koberstein, formerly of East Cambridge Savings Bank, have each received consent prohibition orders.

Federal Reserve Board Enforcement Action Against Former PrimeLending Employee

The Federal Reserve Board has issued a consent prohibition order against Aquana Raffington, a former employee of PrimeLending. The action addresses conflicts of interest and fraud, with no monetary penalty imposed.

Federal Reserve Issues Consent Order Against Former Regions Bank Employee

The Federal Reserve Board has issued a consent prohibition order against Nicole M. Ramsey, a former employee of Regions Bank. The action stems from the misappropriation of customer funds. This enforcement action signifies the Federal Reserve's commitment to upholding standards of conduct within the banking sector.

Federal Reserve Consent Order with Jamal Hillman

The Federal Reserve Board has issued a consent prohibition order against Jamal Hillman, a former employee of First Financial Bank, for misappropriation of customer funds. This enforcement action prohibits Mr. Hillman from participating in the banking industry.

Federal Reserve Board Approves FirstSun Capital Bancorp Merger with First Foundation Inc

The Federal Reserve Board has approved the application by FirstSun Capital Bancorp to merge with First Foundation Inc. This approval allows for the indirect acquisition of First Foundation Bank. The decision was announced on March 11, 2026.

Agencies Clarify Capital Treatment of Tokenized Securities

The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency have issued frequently asked questions to clarify the capital treatment of tokenized securities. The guidance confirms that eligible tokenized securities should receive the same capital treatment as their non-tokenized counterparts.

Federal Reserve Approves CBS Banc-Corp. Acquisition

The Federal Reserve Board has approved a notice from CBS Banc-Corp. to acquire TAG Bancshares Inc. and indirectly acquire Citizens Bank & Trust, Inc. This action pertains to a standard regulatory approval for a banking acquisition.

Federal Reserve Terminates Enforcement Actions Against Banks

The Federal Reserve Board announced the termination of several enforcement actions against Industrial and Commercial Bank of China and Standard Chartered Bank. These actions were terminated on various dates in February 2026, following the completion of their respective terms.