Board Actions

Actions taken during the week ending September 26, 2015

Advisory Councils

Community Advisory Council -- announcement of members of the newly created council.
-Announced, September 22, 2015

Bank Holding Companies

Empresas Juan Yarur SpA, Santiago, Chile, and Banco de Credito e Inversiones S.A. -- to acquire CM Florida Holdings, Inc., Coral Gables, Florida, and thereby indirectly acquire its subsidiary, City National Bank of Florida, Miami.
-Approved, September 21, 2015

PacWest Bancorp, Los Angeles, California -- to merge with Square 1 Financial, Inc., Durham, North Carolina, and thereby indirectly acquire Square 1 Bank and nonbanking subsidiaries of Square 1 Financial that are engaged in financial and investment advisory activities.
-Approved, September 21, 2015

Regulations and Policies

Enhanced Same-Day Automated Clearing House (ACH) Service -- enhancements to the Federal Reserve Banks' same-day ACH service, to correspond with recent amendments to NACHA's operating rules.
-Approved, September 22, 2015

Enforcement

First State Bank of Colorado, Hotchkiss, Colorado -- issuance of a consent order of assessment of a civil money penalty.
-Announced, September 22, 2015

Liberty Bancorp of Georgia, Inc., Clayton, Georgia -- written agreement issued October 30, 2012, terminated September 16, 2015.
-Announced, September 22, 2015