WASHINGTON -- Despite a lack of public clamor, the Federal Reserve Board voted Friday to hold public hearings before deciding whether to approve the merger of BankAmerica Corp. with Security Pacific Corp.

Hearings will be held in Los Angeles, San Francisco, and Seattle the week of Jan. 13. They will focus on compliance with the Community Reinvestment Act - though local advocacy groups have not called for an opportunity to air grievances and BankAmerica has an "outstanding" CRA grade.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.