ALERT: 2000-10 
Subject: International Business Bank Corporation, Ltd. 
Date: October 18, 2000

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); Assistant
     Deputy Comptrollers; District Counsel and Examining Personnel

RE:  International Business Bank Corporation, Ltd. 

The Registrar, Office of the Registrar of International and Foreign
Companies, Samoa, has informed the Office of the Comptroller of the
Currency that the following company's "A" class banking license, No. 107,
has been canceled effective October 12, 2000:

               International Business Bank Corporation, Ltd.
               Level 2, Chandra House
               Apia, Samoa

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

               Mail   Office of the Comptroller of the Currency 
                      Enforcement & Compliance Division 
                      250 E Street, SW, Washington, DC   20219 
               Fax    (202) 874-5301 
               E-mail occalertresponses@occ.treas.gov

                                                        
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division