December 17, 2010
Approval of proposal by Caja de Ahorros de Valencia
For immediate release
The Federal Reserve Board on Friday announced its approval of the proposal by Caja de Ahorros de Valencia, Castellón y Alicante, Bancaja, Valencia, Spain, and Banco Financiero y de Ahorros, S.A., Madrid, Spain, to acquire Caja de Ahorros y Monte de Piedad de Madrid, also of Madrid, and its subsidiary bank, City National Bank of Florida, Miami, Florida.
Attached is the Board's Order relating to this action.