WASHINGTON -- The Federal Reserve Board has approved a proposal by Norwest Corp. to acquire Ralston Bancshares Inc. of Omaha.
Norwest's Nebraska affiliate would remain third largest in the state after the merger, the Fed said.
The Minneapolis-based parent has about 48 billion of assets and 86 banking subsidiaries in 13 states.
Ralston is the 35th-largest bank in Nebraska, with $83 million of deposits.