Federal Reserve Release, Press Release; image with eagle logo links to home page
Release Date: December 16, 2005

For immediate release

The Federal Reserve Board on Friday announced the approval of the applications of Treetops Acquisition Group LP, Treetops Acquisition Group Ltd., Treetops Acquisition Group II LP, Treetops Acquisition Group II Ltd., all in Grand Cayman, Cayman Islands; Edgar M. Bronfman Trusts A, B, C, D, E, F, and G, all in Quebec, Canada; and CAM-Discount, Ltd., Grand Cayman, Cayman Islands, to become bank holding companies through the acquisition of up to 51 percent of the outstanding shares of Israel Discount Bank Ltd., Tel Aviv, Israel, and acquire control of Israel Discount Bank of New York, New York, New York.

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

Attachment (33 KB PDF)

2005 Orders on banking applications

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Last update: December 16, 2005