MILWAUKEE - Shareholders of Firstar Corp. approved its pending merger with U.S. Bancorp on Tuesday, and the deal is expected to close Feb. 27.
U.S. Bancorp shareholders also approved the deal Tuesday at a special meeting in Minneapolis. The Federal Reserve Board gave its approval Monday, as did the Justice Department on Feb. 5.
The combination, first announced on Oct. 4, would form the eighth-largest bank holding company in the United States, with more than $160 billion of assets.
The combined entity plans to offer consumer and corporate financial services, wealth management, capital markets, and payment systems.
The combined entity would be headquartered in Minneapolis and operate under the U.S. Bancorp name.
