The Federal Reserve Board has given the owner of five banking companies in Kansas and Missouri permission to consolidate its operations in a single holding company.

Five Valley View Bancshares of Overland Park, Kan., will control Industrial Bancshares of Kansas City, Kan.; International Bancshares of Gladstone, Mo.; Mission Bancshares of Mission, Kansas; and One Security of Kansas City, Kan. The affiliated banking companies control $1.6 billion in assets and operate four banks in Kansas and one in Missouri.

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