The Office of Thrift Supervision announced plans Wednes- day to hold a hearing on State Farm Mutual Automobile Insurance Co.'s re- quest for a federal thrift charter.

To be held in Chicago, the closed-door hearing is scheduled for June 3 to investigate complaints that State Farm does not adequately serve low- income areas.

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.