For immediate release

The Federal Reserve Board today announced its approval of the application of Banco Comercial Português, S.A., Oporto, Portugal ("Banco Comercial"), and certain of its subsidiaries to become bank holding companies by acquiring up to 100 percent of the voting shares of BPABank, National Association, Newark, New Jersey. Attached is the Board's Order relating to this action. The Board also approved in a separate action today the application by Banco Comercial to establish a representative office in Miami, Florida.

Order (14 KB PDF)

2000 Orders on banking applications