FDIC EXTENDS COMMENT PERIOD
ON CITIGROUP CHANGE OF CONTROL NOTICES
FOR IMMEDIATE RELEASE PR-68-2000 (10-5-2000)
Media Contact: Phil Battey (202) 898-6993
The Federal Deposit Insurance Corporation has extended the comment period on the change of control notices filed by Citigroup, Inc., to acquire Associates Capital Bank, Inc., Salt Lake City, Utah, and Hurley State Bank, Sioux Falls, South Dakota. The comment period will now expire on October 18, 2000.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 10,101 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed.
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