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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: March 10, 2006

For immediate release

The Federal Reserve Board on Friday announced its approval of the notice under section 4 of the Bank Holding Company Act by Bank Hapoalim, B.M. and Arison Holdings (1998) Ltd., both of Tel Aviv, and Israel Salt Industries Ltd., Atlit, all in Israel, to acquire all the outstanding shares of Investec (US) Incorporated, New York, New York.

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

Attachment (378 KB PDF)

Last update: March 10, 2006