Board Actions

Chemical Financial Corporation, Midland, Michigan -- to merge with Talmer Bancorp, Inc., Troy, and thereby indirectly acquire Talmer Bank & Trust; and for Chemical Bank, Midland, to merge with Talmer Bank & Trust, Troy, and thereby establish branches.
-Approved, August 5, 2016

Forms -- initial Board review to extend with revision the Debit card issuer survey (FR 3064a) and to extend without revision the Payment card network survey (FR 3064b).
-Proposed, August 2, 2016

Term Deposit Facility -- floating-rate offering of seven-day term deposits with an early withdrawal feature, same-day settlement, and a maximum tender amount of $5 billion on August 11, 2016.
-Announced, August 4, 2016

Division of Reserve Bank Operations and Payment Systems -- appointment of Marta Chaffee as senior associate director.
-Announced, August 2, 2016

Rules of Practice for Hearings -- publication for comment of interim final rule adjusting the Board's civil money penalties to account for inflation.
-Announced, August 1, 2016

Calwest Bancorp, Rancho Santa Margarita, California -- written agreement dated April 29, 2011, terminated July 28, 2016.
-Announced, August 2, 2016

Elgin Bancshares, Inc., Elgin, Illinois -- written agreement dated January 19, 2011, terminated July 27, 2016.
-Announced, August 2, 2016

FEB Bancshares, Inc., Louisville, Alabama -- written agreement dated December 21, 2010, terminated July 28, 2016.
-Announced, August 2, 2016

The Goldman Sachs Group, Inc., New York, New York, and Goldman, Sachs & Co. (together, "Goldman Sachs") -- issuance of a consent cease-and-desist order and assessment of a civil money penalty on Goldman Sachs, and notice of intent to prohibit and notice of assessment of a civil money penalty against Joseph Jiampietro, a former institution-affiliated party of Goldman, Sachs & Co.
-Approved, August 2, 2016

Village Bank and Trust Financial Corp, Midlothian, Virginia -- written agreement dated June 26, 2012, terminated July 28, 2016.
-Announced, August 2, 2016