The Federal Reserve Board gave Bank of...

The Federal Reserve Board gave Bank of New York another 60-day extension to pursue its hostile bid for rival Irving Bank Corp., but the regulators also expressed uneasiness as the takeover attempt entered its 10th month. The Fed indicated that it was concerned about the costs associated with the longstanding battle and urged both parties to bring it to a prompt conclusion. The Fed’s extension until Sept. 7 was the second for the Bank of New York since regulators gave the company conditional approval to proceed with its takeover plans in February. The first extension was scheduled to run out Saturday.