NEW YORK—The Federal Reserve Bank of New York Wednesday approved the application by Manufacturers and Traders Trust Company, Buffalo, New York (“M&T Bank”), to merge M&T New Jersey Interim Bank, Palisades Park, New Jersey (the “Interim Bank”), with and into M&T Bank, pursuant to Section 18(c) of the Federal Deposit Insurance Act and, incident thereto, to establish a full-service branch office located at the main office of the former Interim Bank, pursuant to Section 9 of the Federal Reserve Act.
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.
