Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: March 19, 2003

For immediate release

The Federal Reserve Board on Wednesday announced its approval of the applications under section 3 of the Bank Holding Company Act, the Bank Merger Act, and section 9 of the Federal Reserve Act for SouthTrust Corporation, Birmingham, Alabama, to merge with Founders Bancshares, and thereby indirectly acquire its subsidiaries, including Founders Bank, all in Dallas, Texas.

Attached is the Board's Order relating to this action.

Attachment (47 KB PDF)

2003 Orders on banking applications

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Last update: March 19, 2003