One financial capital (Memory) and discover financial services (Dfs) He announced that the Board of Governors of the Federal Fund system and the Office of the currency manager have approved the proposed procurement of Capital One of Discover. This approval follows the approval of the transaction by the Delaware State Bank Commissioner in December 2024, and by shareholders of more than 99% of the shares of each company voting in February this year. All required regulatory approvals were received to complete the further transaction, and the transaction is expected to close on May 18, subject to the satisfaction of normal closure conditions. “There will be no immediate changes to one's capital and finding customer accounts and relationships now or in the run -up after the transaction closes. Capital One will provide comprehensive information to customers about relevant conversion activities well before any future change. Until then, customers will continue to be serviced through their Capital One and discover customer communication channels,” identified by the companies. “This is an exciting moment for Capital One and Discover. and a responsibility to deliver for our customers, associates, shareholders and communities, ”said Richard Fairbank, founder, chairman, and CEO of Capital One.
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