Federal Reserve Board approves proposal by Bankia, S.A.

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 16, 2011. It is reproduced in full below.

The Federal Reserve Board on Friday announced its approval of the proposal by Bankia, S.A., Valencia, Spain, to establish a branch in Miami, Florida.

Attached is the Order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System