Federal Reserve Board issues enforcement action with Farmers & Merchants Bank of Ashland and termination of enforcement action with First Mutual of Richmond, Inc. and Richmond Mutual Bancorporation, Inc.

The following press release was published by the Board of Governors of the Federal Reserve System on May 3, 2016. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below: Farmers & Merchants Bank of Ashland, Ashland, Nebraska Order of Assessment of a Civil Money Penalty dated April 26, 2016 The Federal Reserve Board also announced the termination of the enforcement action listed below: First Mutual of Richmond, Inc. and Richmond Mutual Bancorporation, Inc., both of Richmond, Indiana Written Agreement dated June 29, 2012 Terminated April 28, 2016 Search of Federal Reserve enforcement actions. For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System