WASHINGTON — Charles Schwab Corp. received Federal Reserve approval Monday to acquire a Minnesota banking company.

In December Schwab’s U.S. Trust Corp. subsidiary announced that it would acquire Resource Cos. and its Resource Trust Co., both of Minneapolis. Schwab, with $35.6 billion of banking assets, would remain the country’s 43d-largest commercial banking company after closing the deal for Resource and its $100.3 million of deposits, according to the Fed.

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