March 23, 2017

Federal Reserve Board issues enforcement action with Santander Holdings USA, Inc., and announces termination of enforcement action with HCSB Financial Corporation

For release at 11:00 a.m. EDT

The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:

Santander Holdings USA, Inc., Boston, Massachusetts and Santander Consumer USA, Inc., Dallas, Texas
Written Agreement dated March 21, 2017

The Federal Reserve Board also announced the termination of the enforcement action listed below:

HCSB Financial Corporation, Loris, South Carolina
Written Agreement issued May 9, 2011
Terminated March 21, 2017

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Last Update: March 23, 2017