NEW ORLEANS -- Hibernia Corp. said it has received approval from the Office of the Comptroller of the Currency to complete pending mergers with Bastrop (La.) National Bank and Commercial Bancshares of Franklin, La.

The acquisition of Bastrop National, a $122 million-asset bank in Morehouse Parish in northeastern Louisiana, is expected to be consummated by July 1, pending approval of Bastrop shareholders on June 14 and a 30-day waiting period required by the Department of Justice.

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