ALERT 97-24
Type: Unauthorized Banking   Subject: United Bank & Trust Company
                              (NAURU)

TO:  Chief Executive Officers of all National Banks; all State
     Banking Authorities; Chairman, Board of Governors of the
     Federal Reserve System; Chairman, Federal Deposit Insurance
     Corporation; Conference of State Bank Supervisors; Deputy
     Comptrollers (Districts); District Counsel and Examining
     Personnel


RE:  United Bank & Trust Company (NAURU)
     13351 Bridgeford Avenue #36
     Bonita Springs, FL  33923
             and
     POBox 9076
     Naples, FL  33941

Information is being received that the subject entity may be
operating a banking business in the United States without
authorization.  Further, the Florida Comptroller has advised that
the subject entity has not been granted permission to operate in
Florida.

Any information which you may have concerning this matter should
be brought to the 
attention of:

                    Office of the Comptroller of the Currency 
                    Enforcement & Compliance Division
                    250 E St., SW
                    Washington, DC  202l9
                    Fax (202) 874-5301



                                 
Daniel P. Stipano
Director
Enforcement & Compliance Division
Date: August 29, 1997