ALERT 96-34
Type: Unauthorized Banking                   Subject: Investment Credit Bank  of National Commerce and Bank of National                                                                                           Commerce

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 Administrators; District Counsel and Examining Personnel.

RE:  Investment Credit Bank of National Commerce and
     Bank of National Commerce
     517 Third Avenue
     Seattle, WA 98104   

     Information has been received that the subject entities may be operating a banking
     business in the United States without authorization.  The Office of the Comptroller of the
     Currency has not granted national bank charters to these entities.  Further, the state of
     Washington Division of Banking has advised that the subject entities have not been
     granted permission to operate in Washington.  

     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 Street, SW
                    Washington, DC  202l9
                    Fax (202) 874-5301




                                                   
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division
     Date: October 1, 1996