Board Actions

Actions taken during the week ending February 6, 2021

Bank Branches, Domestic

Regions Bank, Birmingham, Alabama -- to establish a branch at Farm to Market Road 423 (West University Drive), Frisco, Texas.
-Approved, February 5, 2021

Simmons Bank, Pine Bluff, Arkansas -- to establish a branch at 8319 Preston Road, Dallas, Texas.
-Approved, February 5, 2021

Forms

Forms -- initial Board review to extend without revision the Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K) (FR 2064) and Interagency Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products (FR 4029); final Board review to extend with revision the Recordkeeping and Disclosure Provisions Associated with Real Estate Appraisal Standards (FR Y-30); final Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Provisions Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice (FR 4100) and Recordkeeping, Disclosure, and Reporting Requirements Associated with Securities Transactions Pursuant to Sections 208.34(c), (d), and (g) of Regulation H (FR H-3).
-Approved, February 5, 2021

Regulations and Policies

Regulation O (Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks) -- interim final rule with request for comment to extend a rule change to bolster the effectiveness of the Small Business Administration's Paycheck Protection Program.
-Approved, February 5, 2021

Enforcement

Hua Nan Commercial Bank Limited, Taipei City, Taiwan, and Hua Nan Commercial Bank Limited New York Agency, New York, New York -- consent cease and desist order dated April 19, 2018, terminated January 27, 2021.
-Announced, February 2, 2021

Santander Holdings USA, Inc., Boston, Massachusetts, and Santander Consumer USA, Inc., Dallas, Texas -- written agreement dated March 21, 2017, terminated February 2, 2021.
-Announced, February 4, 2021