The Federal Reserve Board has approved the application by Fifth Third Bancorp, based in Cincinnati, Ohio, to acquire Comerica Incorporated of Dallas, Texas. This approval will allow Fifth Third to indirectly acquire both Comerica Bank in Dallas and Comerica Bank & Trust, National Association in Ann Arbor, Michigan.
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The Federal Reserve Board has appointed seven members to its Insurance Policy Advisory Committee (IPAC), with four new members joining and three current members re-appointed.
Economic activity in the United States continues to expand at a solid pace, according to the latest statement from the Federal Open Market Committee (FOMC) of the Federal Reserve.
The Federal Reserve Board has announced an enforcement action involving a former employee of PrimeLending, a PlainsCapital Company based in Dallas, Texas.
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