Merger of federal home loan banks in Des Moines and Seattle approved
Members of the the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle today ratified a merger agreement that was approved in September 2014 by their boards of directors. The merger is expected to close once the the agreement receives final approval from the Federal Housing Finance Agency, which also must accept the continuing bank’s organization certificate. The combined bank will be based in Des Moines, with a western regional office in Seattle.
Trending News
