U.S. BANCORP &lt;USBC.O> HAS ACQUISITION APPROVAL
  U.S. Bancorp (Oregon) said it has
  been advised orally that its application for the acquisition of
  Old National Bancorp has been approved by the Board of
  Governors of the Federal Reserve.
      The company said it has also been advised that it has
  received Fed approvals for its acquisition of Heritage Bank of
  Camas, Wash., and for its conversion of its subsidiary, U.S.
  Thrift and Loan of Salt Lake City, Utah, into a commercial
  bank.
      In January U.S. Bancorp and Old National reached a
  definitive agreement covering the acquisition of all the stock
  of Old National which it does not already own for 171 mln dlrs.
      U.S. Bancorp currently owns 4.9 pct of Old National's
  stock.
  

