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Geithner is currently the president and chief executive of the Federal Reserve Bank of New York. Park Avenue Bancorp is announcing it has received official approval from the Federal Reserve Bank of New York on its application to become a bank holding company through its acquisition of The Park Avenue Bank. The Federal Reserve Board and the New York State Banking Department announced on October 14, 2005, the execution of a written agreement by and among the Deutsche Bank Trust Company Americas, New York, New York, the Federal Reserve Bank of New York, and the New York State Banking Department. |
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