Corporate Applications:
January 1999
Vol. 12, No. 1
IN THIS ISSUE:
PLEASE NOTE: Interpretive Letters and No Objection Letters reflect the views of the Comptroller's legal staff.
Corporate Decisions and Decisions (CRA) are from the office of Bank Organization and Structure. The list of CRA
Ratings is from the Communications Division. For copies of the evaluation, you should contact the bank directly or the
Office of the Comptroller of the Currency, Attn: Public Reference Room, Mailstop 1-5, Washington, D.C. 20219.
Members of the news media are encouraged to cite the letter number when reporting or summarizing
documents from this package. This helps to process single requests in a more timely manner.
CRA Decisions
| Letter No. | Topic |
|---|
| 82
| Applications for approval of eight mergers involving five existing national bank
subsidiaries, two existing state bank subsidiaries and a proposed interim national
bank subsidiary of Firstar Corporation, Milwaukee, Wisconsin, with and into Star
Bank, National Association, Cincinnati, Ohio. (Control Numbers 98CE02052 and
98CE02059), 12/24/98
| | 83
| Applications by Vectra Bank Colorado, N.A., Denver, Colorado, to purchase and
assume the six Colorado branches of Centennial Savings Bank, F.S.B., Farmington,
New Mexico; by Centennial Savings Bank, F.S.B. to convert to a national bank
under the title Centennial Bank, N.A.; and by Vectra Bank Colorado, N.A., to
consolidate with Centennial Bank, N.A. under a new charter and title of "Vectra
Bank Colorado, N.A.," Farmington, New Mexico. (Control Numbers 98WE02034,
98WE01012 and 98WE02036), 12/28/98
| | 84
| Application by Plains National Bank, Lubbock, Texas, to establish a domestic
branch. (Control Number 98SW050176) 12/30/98 |
Corporate Decisions
| Letter No. | Topic |
|---|
| 99-01
| Application to convert to a national banking association by "Bay View Bank,
National Association," San Mateo, California. (Control Number 98WE01011),
11/05/98
| | 99-02
| Application by Fleet National Bank, Providence, Rhode Island, to establish an
operating subsidiary to reinsure mortgage insurance. (Control Number 98ML08016),
12/11/98
| | 99-03
| Application by Old National Bank in Evansville, Indiana, to establish an operating
subsidiary, Old National Insurance Company of Vermont, to provide insurance
coverages on the business risks of the parent bank and its bank affiliates; and to
reinsure credit life, credit health and accident, and credit unemployment insurance.
(Control Number 98WO080029), 12/21/98
| | 99-04
| Application by Hibernia National Bank, New Orleans, Louisiana, to establish an
operating subsidiary to reinsure mortgage insurance. (Control Number 98SW080014),
12/23/98
| | 99-05
| Application by NationsBank, National Association, Charlotte, North Carolina, to
establish an operating subsidiary, Bank of America Reinsurance Corporation, to
reinsure a portion of the mortgage insurance on loans serviced, originated , or
purchased by the Bank of the Bank's subsidiaries or depository institution affiliates.
(Control Number 98ML080019), 12/28/98 |
Approvals with conditions enforceable under 12 U.S.C. 1818
| Letter No. | Topic |
|---|
| 295
| Application by PNC Bank, National Association, Pittsburgh, Pennsylvania, to invest in
a limited partnership through an operating subsidiary, which will acquire a 50 percent
interest in a joint venture that will engage in leasing activities. (Control Number
98NE080035), 12/03/98
| | 296
| Application to charter an uninsured national trust bank with the title "Cambridge
Appleton Trust, National Association," Cambridge, Massachusetts (Proposed). (Control
Number 98NE010007), 12/08/98
| | 297
| Application by UMB Bank, N.A., Kansas City, Missouri, to commence new activities in
an operating subsidiary which include engaging in underwriting and dealing in, to a
limited extent, securities of states and their political subdivisions, including obligations
of states and political subdivisions that do not qualify under the OCC's current
definitions as general obligation securities. (Control Number 98WO080027),
12/09/98
| | 298
| Application by NationsBank, National Association, Charlotte, North Carolina, to
establish an operating subsidiary that would acquire a noncontrolling interest in a
limited liability company. (Control Number 98ML080020),
12/15/98
| | 299
| Application by The First National Bank of the Mid-South, Sikeston, Missouri, to elect
the corporate governance provisions of Missouri law and complete a reverse stock split
in accordance with those provisions. (Control Number 98MW12156),
12/17/98 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 99-1,
announcing the availability of enforcement actions. Copies of the final actions are available by
writing to the OCC, Public Reference Room, Mailstop 1-5, Washington, D.C. 20219. When ordering,
specify the appropriate enforcement action number.
COMMUNITY REINVESTMENT ACT (CRA) Performance Evaluations
Enclosed is a list of CRA performance evaluations that became public during the period of
December 15, 1998 through January 14, 1999.
INTERPRETATIONS AND ACTIONS is published monthly by the Office of the Comptroller
of the Currency. Subscriptions are available at a rate of $175 per year by
writing to the Comptroller of the Currency, P.O. Box 70004, Chicago, IL
60673-0004. Prepayment is requested. Suggestions, comments or questions may be
sent to Jacqueline J. England, Communications Division, Comptroller of the
Currency, Washington, DC 20219.
|
