Press Release
Approval of the Notice by Ironbound Bankcorp
April 9, 1997

NEW YORK—The Federal Reserve Bank of New York Wednesday announced that it has no objection to the notice by Ironbound Bankcorp, Neward, N.J. to become a bank holding company with respect to Ironbound Bank, Newark, N.J.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.