TOPIC: Board of Directors

Affiliated Business Arrangements

AVP at a bank ($412MUSA)
Question ?  Our bank is in the process of completing our compliance policy.  On occasion, we use an attorney based in the Austin, TX area to create our closing docs for some of our CRE transactions.  This attorney is also a member of our bank's board of directors.  Would we need to report his information as an Affiliated Business Arrangement ?

Thank you