An administrative hearing is scheduled for today in the case of a Kansas banker the Federal Reserve Board has charged with carrying out a merger without its approval.

W.C. Long Jr., owner of Cedar Vale Bank Holding Co., applied to the Fed in 1989 for permission to acquire a bank and a nonbank subsidiary. When he didn't hear back from the Fed within 91 days of the application, Mr. Long concluded that he could go ahead, according to a notice of charges filed by the Fed.

The Fed has decided Mr. Long concluded wrong, and ordered him to undo the transaction and pay a fine of $300,000.

The hearing is set for 9:30 a.m. in Wichita's federal courthouse.

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