Federal Reserve Board approves application by ViewPoint Financial Group, Inc.

Webp adobestock 299978300
Adobe Stock

Federal Reserve Board approves application by ViewPoint Financial Group, Inc.

ORGANIZATIONS IN THIS STORY

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 9, 2014. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Act by ViewPoint Financial Group, Inc., to acquire LegacyTexas Group, Inc., and its wholly owned subsidiary, LegacyTexas Bank, all of Plano, Texas. The Board also approved the applications under section 18(c) of the Federal Deposit Insurance Act and section 9 of the Federal Reserve Act by LegacyTexas Bank to merge with ViewPoint Bank, National Association, Plano, and to retain and operate branches at the locations of ViewPoint Bank's main office and branches.

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

Attachment (PDF) For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System

ORGANIZATIONS IN THIS STORY

More News