MILWAUKEE - Shareholders of Federated Bank approved a plan for the state-chartered savings bank to be acquired by Firstar Corp.

Federated, based in Wauwatosa, Wis., will be merged into Firstar's lead bank, First Wisconsin National Bank of Milwaukee.

Shareholders elected to exchange 62% of their stock for Firstar common and the rest for cash. The thrift's president, Robert B. Pieters, said he expects to complete the deal by mid-September.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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