Federal Reserve Board announces approval of the application by Coastal Bend Bancshares, Inc.

Federal Reserve Board announces approval of the application by FS Bancorp, Inc.

Federal Reserve Board announces approval of the application by Banco Santander, S.A. and Santander Holdings USA, Inc.

PRESS RELEASE | AUGUST 4, 2026 FDIC Launches New Office of Supervisory Appeals WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Office of Supervisory Appeals (OSA) panel comprised of independent officials who will consider and resolve appeals of material supervisory determinations brought before the agency. The OSA is a standalone office within the FDIC and replaces the Supervision Appeals Review Committee as the final level of review of material supervisory determinations. On January 22, 2026, the FDIC Board of Directors approved amendments to the agency’s Guidelines for Appeals of Material Supervisory Determinations, which become effective now that the OSA is fully operational. As part of the OSA’s launch, the FDIC announced the appointment of three individuals who will serve as reviewing officials: Tim Ayala served as a banking executive and FDIC senior leader with experience covering bank supervision, governance, compliance, and regulatory strategy. Most recently, Mr. Ayala served as Executive Vice President and Chief Risk Officer with Pinnacle Financial Partners, a $54 billion financial institution based in Nashville, Tennessee. His private sector experience also includes serving as Senior Vice President and Regulatory Relations Officer for a fintech lender. At the FDIC, Mr. Ayala was a commissioned bank examiner in risk management, serving in senior leadership positions in Washington, DC and in four regions, including Assistant Regional Director and Examiner-in-Charge of a large financial institution. John Conneely is a former FDIC senior executive with 35 years of experience in bank supervision and regulation. Mr. Conneely became a commissioned bank examiner in New York City in 1989 and subsequently held a variety of senior leadership positions within the agency’s Division of Complex Institutions Supervision & Resolution, including serving as Division Director. He also served as FDIC’s Chicago Regional Director and Deputy Regional Director in the New York Region. Mr. Conneely was also a Banking Policy Advisor in the U.S. Department of the Treasury’s Office of International Banking and Securities Markets. Duke Sheow brings more than three decades of experience in financial institution supervision, enterprise risk management, and banking regulation across the public and private sectors. Most recently, he served as Senior Managing Director at PwC, and he previously held executive positions with several banks. Mr. Sheow also served as a senior commissioned examiner with the FDIC and the Federal Reserve Bank of San Francisco and was a key member in the development of the Federal Reserve’s Fintech Supervisory Program. His experience includes evaluating material supervisory determinations, participating in enforcement and civil money penalty matters, advising bank boards, and developing supervisory programs addressing emerging risks. The FDIC issued a Financial Institution Letter to provide specific instructions for FDIC-supervised institutions seeking to appeal material supervisory determinations. # # # ATTACHMENT: Financial Institution Letter: Office of Supervisory Appeals is Operational MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. CONNECT WITH US

PRESS RELEASE | AUGUST 4, 2026 FDIC Approves the Deposit Insurance Application for Augustus National Bank, N.A., Dallas, Texas WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today approved a deposit insurance application for Augustus National Bank, N.A. (Augustus National Bank), a newly chartered national bank to be headquartered in Dallas, Texas. The organizers of Augustus National Bank applied to the Office of the Comptroller of the Currency (OCC) for a national bank charter and received preliminary conditional approval on May 8, 2026. Augustus National Bank’s business model will focus on providing deposit and lending products to digital asset companies, high-net-worth individuals, artificial intelligence companies, technology companies, and international financial institutions, as well as virtual currency, payment, and treasury services. Augustus National Bank also plans to issue a stablecoin through a subsidiary, if approved as a permitted payment stablecoin issuer under the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, and provide stablecoin-related services (e.g., issuance and redemption of partner stablecoins, custody, conversion, and payment functionality). Funding will consist of demand deposit accounts, for-benefit-of accounts, and correspondent accounts. Applications for deposit insurance are evaluated under a statutory framework of seven factors that include: the financial history and condition of the institution; the adequacy of the institution’s capital structure; the future earnings prospects of the institution; the general character and fitness of the management of the institution; the risk presented by the institution to the Deposit Insurance Fund; the convenience and needs of the community to be served by the institution; and whether the institution’s corporate powers are consistent with the purposes of the Federal Deposit Insurance Act. The FDIC found that Augustus National Bank satisfied the statutory factors for approval, subject to certain conditions. The FDIC approval order expires if Augustus National Bank is not established within twelve months, unless extended by the FDIC. # # # ATTACHMENT: Augustus National Bank, N.A.’s, Order and Statement MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. CONNECT WITH US

Financial services firms face growing compliance risks from the use of ephemeral messaging applications such as WhatsApp, Signal, Telegram, and WeChat. Because these communications can automatically disappear, firms may struggle to meet regulatory requirements to retain, supervise, and produce business-related communications during examinations, investigations, or litigation.

PRESS RELEASE | JULY 31, 2026 Joint Statement of Enforcement Policy in support of Venezuela’s Economic Recovery and Earthquake Relief Efforts WASHINGTON — The staffs of the Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC) (collectively, the Agencies) are issuing this statement of enforcement policy in support of U.S. Government efforts to facilitate economic recovery and financial stability in Venezuela, including efforts to provide humanitarian relief and assist reconstruction following the recent earthquakes in Venezuela. This Joint Statement is intended to reinforce a substantively similar statement by the Department of Treasury’s (Treasury) Financial Crimes Enforcement Network (FinCEN) regarding its own enforcement policy with respect to Venezuela. On June 24, 2026, Venezuela experienced a pair of strong earthquakes off the northern coast, west of Caracas, which have caused significant damage in several cities and triggered a humanitarian aid crisis in the region. The Agencies recognize that the timely provision of humanitarian aid can be impaired if institutions that are otherwise able to facilitate the provision of financial services to address the humanitarian crisis are unwilling to do so due to regulatory uncertainty. Accordingly, the Agencies commit to their respective supervised entities that they will not take any supervisory action, including citing a violation of law, or pursue an enforcement action against a supervised financial institution related to a requirement under the Bank Secrecy Act, the USA PATRIOT Act, and other anti-money laundering laws administered by FinCEN and the Agencies, (collectively, BSA Requirements) as a result of providing authorized financial services in Venezuela. This commitment applies to authorized financial services provided by an Agency-supervised financial institution to persons or entities located in Venezuela from July 31, 2026, through January 29, 2027. All financial institutions supervised by an Agency may rely on this commitment provided that the financial institution: (1) is currently in compliance with an applicable Bank Secrecy Act compliance program requirement and continues to engage in reasonable efforts to comply with applicable BSA Requirements, taking into account the government’s interests in rapidly providing humanitarian relief and rapidly promoting financial stability in the region; (2) has not been the subject of a final enforcement action with FinCEN or the applicable Agency within the prior 24 months that involves violations of BSA Requirements; and (3) remains compliant with any applicable Treasury’s Office of Foreign Assets Control (OFAC) administered sanctions regulations and authorizations. The Agencies’ commitment is intended to recognize that financial institutions exercising reasonable care to avoid violations of applicable BSA requirements in support of Venezuela’s economic recovery and earthquake relief efforts are not penalized for actions other than for knowing, willful, or intentional violations of any BSA Requirements. Please note that this commitment does not apply to statutes or regulations except as specifically addressed above. # # # The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. CONNECT WITH US

BOARD MATTERS | July 31, 2026 FDIC Board of Directors Approve New Actions By notational vote, the Federal Deposit Insurance Corporation's Board of Directors today unanimously approved the following matters. Materials and information related to these Board actions are available on the Board Matters webpage. Notice of Proposed Rulemaking: Community Reinvestment Act Regulations Press Release Financial Institution Letter Notice of Proposed Rulemaking: Extensions of Credit to Insiders Press Release Financial Institution Letter   Board Materials   The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. CONNECT WITH US

PRESS RELEASE | JULY 31, 2026 FDIC Publishes Enforcement Orders for June 2026 WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in June 2026. There are no administrative hearings scheduled for August 2026. Orders to Pay Civil Money Penalties: Planters Bank & Trust Company, Indianola, MS Oriental Bank, San Juan, PR Combined Consent Order and Order to Pay: Paramount Bank, Hazelwood, MO Consent Order: Lineage Bank, Franklin, TN Orders Terminating Consent Orders: Community Bank and Trust – West Georgia, Lagrange, GA Unity Bank of Mississippi, Holly Springs, MS The State Exchange Bank, Lamont, OK Bank of Frankewing, Frankewing, TN Orders of Prohibition from Further Participation: Dethra Thomas, as an institution-affiliated party of Truist Bank, Charlotte, NC Tatiana W. Vendrell Garcia, as an institution-affiliated party of FirstBank Puerto Rico, Santurce, PR Orders of Termination of Insurance: Prime Meridian Bank, Tallahassee, FL Marine Bank & Trust Company, Vero Beach, FL Gold Coast Bank, Chicago, IL Heritage Bank of St Tammany, Covington, LA Meadows Bank, Las Vegas, NV June 2026 Enforcement Decisions and Orders # # # MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. CONNECT WITH US

Federal Reserve Board requests comment on a proposal to modernize its rule governing the extension of credit to bank "insiders"—bank executives, board members and major shareholders who could potentially influence a bank's lending decisions