The New York State Banking Board unanimously approved the proposed $70 billion merger of Citicorp and Travelers Group at a public hearing Thursday.

The state supervisory agency extracted several concessions from Citicorp, which holds a state charter for its operations in Rochester, Buffalo, and other upstate communities. The bank pledged more loans to low- and moderate-income communities in that region.

The companies still await a decision by the Federal Reserve Board on their combination.

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