WASHINGTON -- The Federal Reserve Board has extended by 30 days the public comment period on NCNB Corp.'s proposed acquisition of C&S/Sovran Corp.
The Fed said it extended its deadline to Nov. 8 to give interested parties time to digest matters that will be raised at public hearings this week in Richmond, Va.; Charlotte, N.C.; Atlanta; and Dallas.
NCNB and C&S/Sovran - based in Charlotte and Atlanta, respectively - announced their merger in July. The combination would form NationsBank, with $118.2 billion in assets.
