As of June 30, 2008
Under the Community Reinvestment Act, a bank may apply to its primary federal regulator to be designated a wholesale or a limited purpose bank. Such banks are evaluated for performance under standards found at 12 CFR 25.25. The regulation offers the following definitions:
Limited purpose bank means a bank that offers only a narrow product line (such as credit card or motor vehicle loans) to a regional or broader market and for which a designation as a limited purpose bank is in effect.
Wholesale bank means a bank that is not in the business of extending home mortgage, small business, small farm, or consumer loans to retail customers, and for which a designation as a wholesale bank is in effect.
The following national banks are currently designated as limited purpose banks:
Bank Name
|
City |
State |
Charter Number |
Decision Date |
Capital One Bank (USA), National Association |
Glen Allen |
VA |
24828 |
2/26/2008 |
Cedar Hill National Bank |
Lawrenceville |
GA |
23323 |
9/11/1997 |
Chevron Credit Bank, National Association |
Murray |
UT |
23139 |
6/28/1996 |
Citibank (South Dakota), National Association |
Sioux Falls |
SD |
16971 |
1/24/1996 |
Commerce Bank, National Association |
Omaha |
NE |
20500 |
10/9/1996 |
Credicard National Bank |
Tucson |
AZ |
23401 |
7/30/1997 |
Credit First National Association |
Brook Park |
OH |
22594 |
1/31/1996 |
Credit One Bank, National Association (f/k/a First National Bank of Marin |
Las Vegas |
NV |
20291 |
6/28/1996 |
Department Stores National Bank* |
Sioux Falls |
SD |
24622 |
10/21/2005 |
DSRM National Bank |
Albuquerque |
NM |
23097 |
6/28/1996 |
FIA Card Services, National Association (f/k/a MBNA America Bank, National Association) |
Wilmington |
DE |
22381 |
1/5/1996 |
HSBC Bank Nevada, National Association (f/k/a Household Bank (SB), National Association)* |
Las Vegas |
NV |
22675 |
2/12/1996 |
HSBC Trust Company (Delaware), National Association |
Wilmington |
DE |
24601 |
9/29/2006 |
Infibank, National Association |
Atlanta |
GA |
24308 |
11/15/2001 |
M&T Bank, National Association |
Oakfield |
NY |
22859 |
3/12/1996 |
RBS National Bank |
Bridgeport |
CT |
24534 |
9/15/2004 |
Spirit of America National Bank |
Milford |
OH |
22183 |
8/15/1996 |
Talbots Classics National Bank |
Lincoln |
RI |
24015 |
3/31/2000 |
Target National Bank (f/k/a Retailers National Bank) |
Sioux Falls |
SD |
22549 |
1/26/1996 |
TCM Bank, National Association |
Tampa |
FL |
23363 |
9/11/1997 |
Town North Bank Nevada, National Association |
Las Vegas |
NV |
24576 |
5/10/2005 |
Wachovia Card Services, National Association |
Atlanta |
GA |
24728 |
12/27/2006 |
Wells Fargo Financial National Bank |
Las Vegas |
NV |
21099 |
7/9/1997 |
World Financial Network National Bank |
Gahanna |
OH |
21739 |
3/19/1996 |
* Also operates under a CRA Strategic Plan.
The following national banks have been designated as wholesale banks by the OCC:
Bank Name
|
City |
State |
Charter Number |
Decision Date |
Bank of China |
New York |
NY |
80028 |
10/18/1996 |
Bank of China |
New York |
NY |
80091 |
10/18/1996 |
California First National Bank |
Irvine |
CA |
23925 |
4/13/2000 |
Corus Bank, National Association |
Chicago |
IL |
23005 |
8/9/2002 |
Delta National Bank and Trust Company |
New York |
NY |
20547 |
5/16/1996 |
Intervest National Bank |
New York |
NY |
23712 |
4/18/2006 |
J.P. Morgan Trust Company, National Association |
Los Angeles |
CA |
23470 |
2/19/1998 |
Mellon Bank, N. A. |
Pittsburgh |
PA |
6301 |
7/19/2002 |
Mellon Trust of New England, National Association |
Boston |
MA |
24412 |
3/10/2003 |
Pacific National Bank |
Miami |
FL |
20010 |
1/16/1996 |
Safra National Bank of New York |
New York |
NY |
20948 |
5/21/1997 |
Sterling National Bank |
New York |
NY |
13295 |
2/22/2001 |
Superior Savings of New England, National Association |
Branford |
CT |
24099 |
6/13/2000 |
United States Trust Company, National Association* |
New York |
NY |
24645 |
6/16/2006 |
Wells Fargo Bank Northwest, National Association |
Ogden |
UT |
2597 |
12/8/2003 |
Wells Fargo HSBC Trade Bank, National Association |
San Francisco |
CA |
22897 |
1/8/1996 |
* Bank also operates under a CRA Strategic Plan
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