The Office of Thrift Supervision and the Federal Insurance Deposit Corporation have authorized the merger of Nationwide Bank with the Nationwide Federal Credit Union.
Nationwide Bank is a subsidiary of Nationwide Financial Services Inc., Columbus, Ohio, while NFCU was established to provide financial services to the company’s employees, retirees, agents and their families. Members of NFCU will become customers of the new Nationwide Bank, effective Jan. 2.
Nationwide Bank plans to continue operating at existing NFCU locations in Columbus, as well as in Dublin, Ohio and Des Moines, Iowa.
Nationwide Bank plans to expand its marketing of products and services to Nationwide Financial customers next year, according to a company announcement.
In April 2006, U.S. regulators approved a request by the bank to provide a full range of consumer banking products and services.