WASHINGTON — The Federal Reserve Board on Monday approved four bank mergers, including the acquisition of $83 million-asset Grand Bank in Kingston, N.J., by insurance giant MetLife Inc.

The Fed also approved FleetBoston Financial Corp.’s application to merge with Summit Bancorp of Princeton, N.J.; Milwaukee-based Firstar Corp.’s application to merge with U.S. Bancorp of Minneapolis; and the purchase of Dupont State Bank of Dupont, Ind., by the Lea M. McMullan Trust and Citizens Union Bancorp of Shelbyville, Inc., both of Shelbyville, Ky.

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