Board Actions

Actions taken during the week ending May 27, 2006

Bank Holding Companies

Banco Santander Central Hispano, S.A., Madrid, Spain -- to acquire up to 24.99 percent of the shares of Sovereign Bancorp, Inc., Wyomissing, Pennsylvania, and its subsidiary, Sovereign Bank; and Independence Community Bank Corp., Brooklyn, New York, and its subsidiary, Independence Community Bank.
-Approved, May 25, 2006

M&P Community Bancshares, Inc. 401(k) Employee Stock Ownership Plan, Newport, Arkansas -- to become a bank holding company and to acquire additional shares of M&P Community Bancshares, Inc.
-Approved, May 22, 2006

Forms

Forms -- final Board review to implement the Studies to Develop and Test Consumer Regulatory Disclosures (FR 1380).
-Approved, May 25, 2006