The Federal Reserve Board today announced its approval of the following applications:
(1) Old Kent Bank, National Association, Jonesville, Michigan ("OKB-NA"), under Section 9 of the Federal Reserve Act, for membership in the Federal Reserve System on its conversion to an Indiana charter and relocation of its main office to Indianapolis, Indiana;
(2) OKB-NA, under section 18(c) of the Federal Deposit Insurance Act ("Bank Merger Act"), to merge with Fifth Third Bank, Indiana, St. Joseph, Michigan;
(3) OKB-NA, under the Bank Merger Act, to acquire certain branches of Old Kent Bank, Grand Rapids, Michigan ("OKB"), through a purchase and assumption transaction; and
(4) OKB, under the Bank Merger Act, to acquire certain branches of OKB-NA through a purchase and assumption transaction.
Attached is the Board’s Order relating to this action.
Attachment (37 KB PDF)