WASHINGTON -- The Federal Reserve Board last week approved applications by two Midwest banks to acquire stakes in competitors.

The Fed gave its approval to Peoples Bancorp of Marietta, Ohio, to acquire 11.675 of the voting shares of Woodsfield Savings and Loan of Woodsfield, Ohio. People's controls $386 million in deposits, Woodsfield has $13.1 million.

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.