Corporate Applications:
December 1999
Vol. 12, No. 12
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.
Interpretive Letters
|
Letter No. | Topic |
| 872 |
Letter confirms that a national bank may solicit and conduct trust business and
operate non-branch trust offices in California, notwithstanding that the bank's
main office is in a different state. Letter also confirms that state laws
purporting to prohibit a national bank from engaging in these activities are
preempted by federal law. 10/28/99 |
| 873 |
Letter confirms that bank insurance agency, appropriately located in a "place
of 5,000," may solicit and sell insurance in the manner permissible for
insurance agencies generally in the state of New York and as authorized by the
agency's state insurance license. 12/01/99 |
| 874 |
Letter confirms that bank insurance agency, appropriately located in a "place
of 5,000," may solicit and sell insurance in the manner permissible for
insurance agencies generally in the state of New York and as authorized by the
agency's state insurance license. 12/01/99 |
CRA Decisions
|
Letter No. | Topic |
| 102 |
Application to merge Peninsula Bank of San Diego, San Diego, California, into
U.S. Bank National Association, Minneapolis, Minnesota, under the charter and
title of U.S. Bank National Association. (Control Number 1999 MW 02 0039),
11/29/99 |
Corporate Decisions
|
Letter No. | Topic |
| 99-39 |
Application to purchase the assets and assume the liabilities of the "Harper"
and "Mayfield" branches of Hillcrest Bank, Overland Park, Kansas, by the First
National Bank of Anthony, Anthony, Kansas, under the charter and title of the
First National Bank of Anthony. (Control Number 1999 MW 02 0043), 12/02/99 |
| 99-40 |
Applications of Platte Valley National Bank, Scottsbluff, Nebraska, and Platte
Valley National Bank-Morrill, Minatare, Lyman, Morrill, Nebraska, to reorganize
their banking operations. (Control Numbers 1999 WE 02 0018, 1999 WE 05 0064,
1999, WE 07 0013 & 1999 WE 12 0178), 11/09/99 |
| 99-41 |
Application by First Bethany Bank & Trust Company, National Association,
Oklahoma City, Oklahoma, to establish a mobile branch to serve six locations in
Oklahoma. (Control Number 1999 CE 08 0021), 11/19/99 |
| 99-42 |
Application by Hemisphere National Bank, Miami, Florida, to purchase
substantially all the assets and assume substantially all the liabilities of
PanAmerican Bank, Miami, Florida. (Control Number 1999 SE 02 0036), 11/29/99 |
| 99-43 |
Application by Fleet National Bank, Providence, Rhode Island, for approval to
expand the activities of an existing operating subsidiary to include the
provision of employee relocations benefits consulting to small- and
medium-sized business customers of the bank. (Control Number 1999 ML 08 0020),
11/29/99 |
Approvals with conditions enforceable under 12 U.S.C. 1818
|
Letter No. | Topic |
| 335 |
Application by First National Bank, Hot Springs, Arkansas, to elect the
corporate governance provisions of Arkansas law and complete a reverse stock
split in accordance with those provisions. (Control Number 1999 SW 12 0161),
11/02/99 |
| 336 |
Application of First Tennessee Bank, N.A., Memphis, Tennessee, to participate
in a limited partnership providing credit reporting services. (Control Number
1999 SE 08 0039), 11/02/99 |
| 337 |
Application by net First National Bank, Boca Raton, Florida, to relocate its
head office. (Control Number 1999 SE 07 0026), 11/05/99 |
| 338 |
Application of Wells Fargo Bank, NA, San Francisco, California, to acquire
Norwest Mortgage, Inc., as an operating subsidiary. (Control Numbers 1999 ML 08
0016 & 99 ML 12-0412), 11/10/99 |
| 339 |
Operating subsidiary applications by Bank of America, N.A., and Citibank, N.A.
to expand the activities of Identrus, LLC. (Control Numbers 1999 WO 08 0009
& 0010), 11/16/99 |
| 340 |
Application to merge Commercial and Farmers Bank, Ellicott City, Maryland, with
and into Farmers & Mechanics National Bank, Frederick, Maryland, under the
title and charter number of the latter. (Control Number 1999 NE 02 035),
11/18/99 |
| 341 |
Final charter authorization for Access National Bank, Chantilly, Virginia and
the acquisition of Mortgage Investment Corporation as an operating subsidiary.
(Control Number 1999 NE 01 0007 & 1999 NE 08 0049), 11/30/99 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number
99-117
, 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 November 15 through December 14.
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.
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