Board Actions

Actions taken during the week ending July 8, 2017

Bank Holding Companies

Veritex Holdings, Inc., Dallas, Texas -- to merge with Sovereign Bancshares, Inc., Dallas, and thereby indirectly acquire Sovereign Bank; and for Veritex Community Bank, Dallas, to merge with Sovereign Bank and thereby establish branches.
-Approved, July 5, 2017

Forms

Forms -- final Board review to extend with revision the Survey of Terms of Lending (FR 2028).
-Approved, July 4, 2017

Personnel

Legal Division -- appointment of Mark Van Der Weide as director and general counsel of the Board and reassignment of Scott Alvarez as senior adviser.
-Approved, July 5, 2017

Regulations and Policies

Credit Card Plans -- annual report to Congress on the profitability of credit card operations of depository institutions.
-Approved, June 30, 2017
(A/C)

Supervision and Regulation

Resolution Plans -- joint determination with the Federal Deposit Insurance Corporation to extend to December 31, 2018, the resolution plan filing dates for American International Group, Inc., and Prudential Financial, Inc.
-Approved, June 22, 2017
(A/C)