Board Actions

Actions taken during the week ending November 25, 2017

Bank Branches, Domestic

Frost Bank, San Antonio, Texas -- to establish a branch at 640 Taylor Street, Fort Worth.
-Approved, November 20, 2017

Bank Holding Companies

Sandy Spring Bancorp, Inc., Olney, Maryland -- (1) to merge with WashingtonFirst Bankshares, Inc., Reston, Virginia, and thereby indirectly acquire WashingtonFirst Bank; (2) to acquire 1st Portfolio, Inc., Fairfax, a nonbank subsidiary of WashingtonFirst Bankshares; and (3) for Sandy Spring Bank, Olney, Maryland, to merge with WashingtonFirst Bank, Reston, and thereby establish branches.
-Approved, November 20, 2017

Forms

Forms -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Securities Transactions Pursuant to Regulation H (Reg H-3).
-Proposed, November 20, 2017

Forms -- final Board review to extend without revision the Application for Exemption from Prohibited Service at Savings and Loan Holding Companies (FR LL-12).
-Approved, November 20, 2017

Personnel

Division of Monetary Affairs -- appointment of Trevor A. Reeve as deputy director and Mary T. Hoffman as associate director.
-Announced, November 21, 2017

Regulations and Policies

Regulation BB (Community Reinvestment) -- final interagency amendments to Community Reinvestment Act (CRA) regulations to update the existing definitions of "home mortgage loan" and "consumer loan" and the public-file content requirements to conform the CRA regulations to recent changes to Home Mortgage Disclosure Act regulations.
-Approved, November 8, 2017
(A/C)