Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: August 4, 2003

For immediate release

The Federal Reserve Board on Monday announced its approval of the applications by Woori Finance Holdings Co., Ltd. and Woori Bank, both in Seoul, Korea, to acquire Panasia Bank, National Association, Fort Lee, New Jersey.

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

Attachment (82 KB PDF)

2003 Orders on banking applications

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Last update: August 4, 2003