Finance & markets · 06/10/1994Updated: 10/18/2026 · 1 min read
Federal Reserve Approves Nationsbank Corporation and Other Financial Institutions for Bank Holding Company Formations and Mergers
Summary
The Federal Reserve has approved Nationsbank Corporation, along with other financial institutions, to form bank holding companies, acquire nonbanking companies, and merge with existing banks. This move aims to strengthen the US financial sector and increase competition.