NEW YORK—The Federal Reserve Bank of New York Thursday approved the notice by Popular, Inc., and Popular International Bank, Inc., both of Hato Rey, PR, and Popular North America, Inc., Mt. Laurel, NJ, to acquire Gore Bronson Bancorp., Inc., Prospect Heights, IL, and thereby indirectly acquire The Bronson-Gore Bank, Prospect Heights, IL, The Irving Bank, Chicago, IL, and Water Tower Bank, Chicago, IL.

According to standard procedure, the proposal cannot be completed for 15 days.

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

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