NEW YORK—The Federal Reserve Bank of New York Thursday approved the application by Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spain, to acquire State National Bancshares, Inc., Fort Worth, Texas, and thereby indirectly acquire its direct and indirect subsidiaries, State National Bancshares of Delaware, Inc., Dover, Delaware, and State National Bank, Fort Worth, Texas.
According to standard procedure, the proposal cannot be completed sooner than 15 days, or later than 3 months, from the date of this announcement.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.
