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FSHC |
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As is now the case with bank holding companies, the FSHC would be regulated by the Federal Reserve Board; however, each subsidiary would be regulated by function - banks by the appropriate banking regulator and securities affiliates by the Securities and Exchange Commision. The Company announced the agreement to acquire FSHC in a press release dated July 30, 2002. The Company intends to meet all of the conditions for continued listing, although certain matters, including the consummation of the FSHC acquisition, which is subject to regulatory and shareholder approval, are beyond the Company's control. |
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