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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: October 31, 2012

For immediate release

The Federal Reserve Board on Wednesday announced its approval of the application by Sumitomo Mitsui Financial Group, Inc. and Sumitomo Mitsui Banking Corporation, both of Tokyo, Japan, foreign banking organizations that are bank holding companies under the Bank Holding Company Act of 1956, as amended ("BHC Act"), to acquire up to 9.9 percent of the voting shares of The Bank of East Asia, Limited, Hong Kong SAR, People's Republic of China, a foreign banking organization that is a bank holding company under the BHC Act by virtue of its ownership of The Bank of East Asia (U.S.A.) National Association, New York, New York.

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

For media inquiries, call 202-452-2955.

Attachment (86 KB PDF)

Last update: October 31, 2012