|For immediate release|
The Federal Reserve Board today announced its approval of the application by Caisse Nationale de Crédit Agricole, Paris, France, to own indirectly all of the voting shares of Espírito Santo Bank, Miami, Florida. The Board also approved in a separate action today applications by Banco Espírito Santo,S.A., Lisbon, Portugal, and its related holding companies to obtain all of the voting shares of Espírito Santo Bank.
Attached is the Board's Order relating to this action.
Order (16 KB PDF)
2000 Orders on banking applications