MINNEAPOLIS - First Bank System Inc. said it had received Federal Reserve Board approval for its Colorado subsidiary, Central Bancorp., to acquire Western Capital Investment Corp.

Western Capital owns Bank Western, a federal savings bank with $2.5 billion in assets. Both Central and Western Capital are based in Denver.

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.