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| | FRB: Press Release -- Approval of application of Piraeus Bank S.A. -- June 14, 1999 |
 | | Piraeus, with consolidated assets equivalent to approximately $4.6 billion, is a commercial bank organized under the laws of Greece. |
 | | Bank is the 100th largest commercial banking organization in New York, controlling deposits of $89 million, representing less than 1 percent of all deposits in commercial banking organizations in the state. |
 | | Piraeus is required to submit a number of financial reports to the Bank of Greece, including semiannual reports concerning, among other things, profit and loss, capital adequacy, liquidity, asset quality, large exposures, currency positions, loans and guarantees to affiliates and insiders, investments in other financial and nonfinancial institutions, and 10-percent shareholders. |
| www.federalreserve.gov /boarddocs/press/bhc/1999/199906142 (1704 words) |
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