U.S. Fed approves merger request of two Texas banks
WASHINGTON May 14 (Reuters) - The U.S. Federal Reserve said on Wednesday it had approved a merger request from Texas-based financial firms Cullen/Frost Bankers and WNB Bancshares.
The two firms announced the merger plans in August 2013. The Fed said their subsidiary banks, Frost Bank and Western National Bank, would also merge. Frost Bank, the surviving entity, would remain the sixth largest bank in Texas, the Fed said. (Reporting by Emily Stephenson; Editing by Sandra Maler)
- Canada's parliament attacked, soldier fatally shot nearby |
- NOAA employee charged with stealing U.S. dam information
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Canada probes Michael Zehaf-Bibeau as possible suspect in Ottawa shooting: source
- Special Report: Traffickers use abductions, prison ships to feed Asian slave trade