The Federal Reserve Board has approved the application from The PNC Financial Services Group, Inc., based in Pittsburgh, Pennsylvania, to acquire FirstBank Holding Company. This decision will also result in PNC indirectly acquiring FirstBank, both located in Lakewood, Colorado.
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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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