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Approval of the Application by BBVA Bancomer, S.A., and its Parent, Banco Bilbao Vizcaya Argentaria, S.A.
NEW YORK—The Federal Reserve Bank of New
York Wednesday approved the application by BBVA
Bancomer, S.A., Mexico City, Mexico, and its parent,
Banco Bilbao Vizcaya Argentaria, S.A., Bilbao,
Spain, to acquire 100 percent of the voting shares
of Valley Bank, Moreno Valley, California. According
to standard procedure, the proposal cannot be completed
for 15 days.