|For immediate release|
The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act by The Wakashio Bank, Limited, Tokyo, Japan, to become a bank holding company by merging with its affiliate, Sumitomo Mitsui Banking Corporation, also in Tokyo, and by acquiring Manufacturers Bank, Los Angeles, California.
The Board also approved Wakashio's application to establish branches in Los Angeles and San Francisco, California, and New York, New York.
Attached are the Board's Orders relating to these actions.
2003 Orders on banking applications