Applications Approved under Bank Merger Act: By Federal Reserve Banks. (Legal Developments)

Article excerpt

APPLICATIONS APPROVED UNDER BANK MERGER ACT

By Federal Reserve Banks

Recent applications have been approved by the Federal Reserve Banks as
listed below. Copies are available upon request to the Reserve Banks.

                                          Reserve
Applicant(s)         Bank(s)              Bank          Effective Date

1st Financial        The Rio Grande       Kansas City   August 15, 2001
  Bank,                County Bank,
  Overland Park,       Del Norte,
  Kansas               Colorado
1st Source Bank,     Citizens Financial   Chicago       July 27, 2001
  South Bend,          Services F.S.B.,
  Indiana              Munster, Indiana
First Virginia       State Bank,          Richmond      August 17, 2001
  Bank,                Remington,
  Falls Church,        Virginia
  Virginia

PENDING CASES INVOLVING THE BOARD OF GOVERNORS

This list of pending cases does not include suits against the Federal Reserve Banks in which the Board of Governors is not named a party.

Laredo National Bancshares, Inc. v. Whalen v. Board of Governors, No. 99CVQ00940-D3 (District Court, 341st Judicial District, Webb County, Texas, filed July 26, 2001). Third-party petition seeking indemnification from Board in connection with claim asserted against defendant Whalen for tortious interference with a contract.

Radfar v. United States, No. 1:01CV1292 (PLF) (D.D.C., complaint filed June 11, 2001). Action under the Federal Tort Claims Act for injury on Board premises.

Artis v. Greenspan, No. 01-CV-0400(ESG) (D.D.C., complaint filed February 22, 2001, Employment discrimination action. On August 15, 2001, the district court consolidated the action with Artis v. Greenspan, No. 99-CV-2073.

Dime Bancorp, Inc. v. Board of Governors, No. 00-4249 (2d Cir., filed December 11, 2000). Petition for review of a Board order dated September 27, 2000, approving the applications of North Fork Corporation, Inc., Melville, New York, to acquire control of Dime Bancorp, Inc. and to thereby acquire its wholly owned subsidiary, The Dime Savings Bank of New York, FSB, both of New York, New York. The petition was dismissed on the parties' stipulation on July 23, 2001. …