WASHINGTON - Marine Midland Bank can acquire six branches from its parent despite a New York community groups protest, the Federal Reserve Board ruled last week.

The board, in an unusually detailed order, dismissed a Community Reinvestment Act complaint, and granted the banks application to assume the Hongkong and Shanghai Banking Corp. branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.