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Title
Order Approving the Merger of Bank Holding Companies.
Abstract
The article discusses the order of the Board of Governors of the Federal Reserve System which approved the request of Whitney Holding Corp. to acquire Parish National Corp. and Parish National Bank in the U.S. The board decided to approve the acquisition application of this bank under the Bank Holding Company Act after gathering a set of facts. The scheme will allow Whitney to stay as the fourth largest bank in Louisiana.