Federal Reserve Approval Of Proposal By JP Morgan Chase To Acquire Bear Stearns Bank & Trust

The Federal Reserve Board on Tuesday announced its approval of the proposal by JP Morgan Chase & Co., New York, New York, to acquire Bear Stearns Bank & Trust, Princeton, New Jersey.

JP Morgan Chase & Co. is not required to obtain the Board’s prior approval under the Bank Holding Company Act to acquire The Bear Stearns Companies, Inc., New York, New York.

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

Attachment (46 KB PDF)