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Home›Bonds & Rates›Economy›Federal Reserve approves Coastal Bend Bancshares deal…

Federal Reserve approves Coastal Bend Bancshares deal for First National Bank

The Fed said the approval covers Coastal Bend Bancshares acquisition of First National Bank in Port Lavaca, Texas.

Reported · Written up by our desk · Economy

The Federal Reserve Board on Tuesday announced approval of the application by Coastal Bend Bancshares, Inc., of Corpus Christi, Texas.

The approval allows the company to acquire First National Bank in Port Lavaca, Texas, according to the Fed.

The announcement was released at 4:30 p.m. EDT.

The Fed approval relates to the proposed bank acquisition under the Board's review process.

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Sources

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

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