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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: November 10, 2008

For immediate release

The Federal Reserve Board on Monday announced its approval of the applications and notices under sections 3 and 4 of the Bank Holding Company Act by American Express Company and American Express Travel Related Services Company, Inc., both of New York, New York, to become bank holding companies on conversion of American Express Centurion Bank, Salt Lake City, Utah, to a bank, and to retain certain nonbanking subsidiaries, including American Express Bank, FSB, Salt Lake City, Utah.

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

Attachment (114 KB PDF)

Last update: November 10, 2008