Approval of the Application by Millbrook Bank System, Inc

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Press Release

Approval of the Application by Millbrook Bank System, Inc

January 6, 1998

NEW YORK—The Federal Reserve Bank of new York Tuesday approved the application by Millbrook Bank System, Inc., Millbrook, N.Y., to become a bank holding company with respect to Bank of Millbrook.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.

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