|For immediate release|
The Federal Reserve Board on Friday announced its approval of the applications and notices under sections 3 and 4 of the Bank Holding Company Act by Forest Merger Corporation and FBR TRS Holdings, Inc. to become bank holding companies by acquiring Friedman, Billings, Ramsey Group, Inc. ("FBR Group"), all in Arlington, Virginia, and thereby acquiring FBR National Bank & Trust, Bethesda, Maryland. The proposal represents a corporate reorganization of FBR Group.
Attached are the Board's Orders relating to these actions.
2003 Orders on banking applications