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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: December 17, 2010

For immediate release

The Federal Reserve Board on Friday announced its approval of the proposal by Caja de Ahorros de Valencia, Castellón y Alicante, Bancaja, Valencia, Spain, and Banco Financiero y de Ahorros, S.A., Madrid, Spain, to acquire Caja de Ahorros y Monte de Piedad de Madrid, also of Madrid, and its subsidiary bank, City National Bank of Florida, Miami, Florida.

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

Attachment (50 KB PDF)

Last update: December 17, 2010