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FDIC: Home Depot Notice

ABA Contact: Compliance staff
Published: FDIC Notice
Disposition: Filed June 6, 2006

Summary

The Home Depot has applied to the FDIC for approval to acquire EnerBank USA, a Utah-chartered industrial loan corporation. The ABA opposes this application on the grounds that the acquisition of an insured depository institution by the world's largest home retailer would breach the barrier between banking and non-financial commerce that has served the banking industry and our country so well.

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