Regulatory Alerts2008-02-29 | ISGC-2008-001-DOBISGC-2008-001-DOB — Merger Of State Trust Company Into National Bank
The Washington State Department of Financial Institutions issued this letter to confirm that Washington Trust Company is authorized under state law to merge into an interim national bank. This transaction is part of a two-step process where the interim bank subsequently merges into an existing Pennsylvania national bank, with both entities under common ownership. The Division of Banks determined that the proposed merger complies with current Washington statutes, subject to necessary approvals from the Comptroller of the Currency.
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