|For immediate release|
The Federal Reserve Board today announced its approval of the application by Old Kent Financial Corporation, Grand Rapids, Michigan ("Old Kent"), to merge with Merchants Bancorp, Inc. ("Merchants"), and thereby acquire its subsidiary bank, Merchants National Bank of Aurora ("Merchants Bank"), both in Aurora, Illinois. The Board today also announced its approval of the application by Old Kent's subsidiary bank, Old Kent Bank, Grand Rapids, Michigan, to merge with Merchants Bank, and to retain and operate branches at the locations of the main office and branches of Merchants Bank.
Attached is the Board's Order relating to this action.
Order (20 KB PDF)
2000 Orders on banking applications