New York State Department Of Financial Services Approves Goldman Sachs Bank Purchase Of GE Capital Bank - Goldman Bank USA Will Acquire Certain Limited Assets And Assume Substantially All Deposit Liabilities From GE Capital Bank

The New York State Department of Financial Services (DFS) today approved the application of Goldman Sachs Bank USA (GS Bank), a New York State chartered state member bank subsidiary of The Goldman Sachs Group, Inc., to acquire certain limited assets and assume substantially all of the deposit liabilities of GE Capital Bank, based in Holladay, Utah, an industrial bank subsidiary of General Electric Capital Corporation.