Business Services Industry
Federal Reserve Approves Merger of Banc One, Oklahoma's Liberty Bancorp Inc.(Originated from Tulsa World, Okla.)
Knight Ridder/Tribune Business News, April, 1997 by Rutherford, Dan
Apr. 30--The Federal Reserve Board of Governors announced Tuesday that it has approved the merger between Columbus, Ohio-based Banc One Corp. and Oklahoma's Liberty Bancorp Inc.
Approval from the federal bank regulator was the last hurdle standing between the banks and an anticipated mid-May completion of the deal. Word of the Fed's OK came just before the close of the business day.
Banc One spokesman John Russell said, "We are delighted the Fed approved the application, and now we will proceed with the affiliation of Liberty."
Officials with Liberty, parent company of Liberty Bank & Trust Co. of Tulsa, were unavailable for comment. Likewise, Jim Daniel, chairman, president and chief executive of Bank One Oklahoma also could not...
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