Board Actions

Actions taken during the week ending March 18, 2017

Bank Holding Companies

Cathay General Bancorp, Los Angeles, California -- to acquire SinoPac Bancorp, Los Angeles, and thereby indirectly acquire Far East National Bank.
-Approved, March 17, 2017

People's United Financial, Inc., Bridgeport, Connecticut -- to merge with Suffolk Bancorp, Riverhead, New York, and thereby indirectly acquire Suffolk County National Bank of Riverhead.
-Approved, March 13, 2017

Regulations and Policies

Regulatory Burden Reduction -- interagency report to Congress on the review of regulatory burden, pursuant to the Economic Growth and Regulatory Paperwork Reduction Act.
-Approved, March 9, 2017
(A/C)

Enforcement

Community Shores Bank Corporation, Muskegon, Michigan -- written agreement dated December 16, 2010, terminated March 13, 2017.
-Announced, March 16, 2017