Board Actions

Actions taken during the week ending February 2, 2008

Bank Holding Companies

First National Bank Group, Inc., Edinburg, Texas -- to acquire shares of Southside Bancshares, Incorporated, Tyler, and thereby acquire its subsidiaries, Southside Bank and Fort Worth National Bank, Fort Worth.
-Approved, February 1, 2008

Discount Rates

Discount and Advance Rates -- decrease in the primary credit rate from 4 percent to 3-1/2 percent by the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Atlanta, Chicago, St. Louis, Kansas City, and San Francisco.
-Approved, January 30, 2008

Discount and Advance Rates -- decrease in the primary credit rate from 4 percent to 3-1/2 percent by the Federal Reserve Banks of Richmond, Minneapolis, and Dallas.
-Approved, January 31, 2008

Enforcement

United Bancshares, Inc., Philadelphia, Pennsylvania -- written agreement dated February 23, 2000, terminated January 22, 2008.
-Announced, January 28, 2008

Personnel

Division of Banking Supervision and Regulation -- appointment of Norah Barger as Deputy Director; Adrienne Haden as Assistant Director; and Tim Clark and Nida Davis as Senior Advisors.
-Approved, January 31, 2008

Division of Reserve Bank Operations and Payment Systems -- appointment of Jeff Stehm as Associate Director; Lisa Hoskins and Gregory Evans as Deputy Associate Directors; Susan Foley and Leonard Tanis as Assistant Directors; and Jack Walton, II as Senior Advisor, effective March 2, 2008.
-Approved, February 1, 2008