WASHINGTON -- Over the opposition of community groups, the Federal Reserve Board last week gave Eastbrook State Bank, Brookfield, Wis., permission to acquire a branch of North Shore Savings Bank, also of Brookfield.

The purchase was opposed by the Fair Lending Coalition in nearby Milwaukee, which argued that the banks owned by Eastbrook's parent, State Financial Services Corp., Hales Corner, Wis., do not adequately serve Milwaukee's minority community.

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