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Corporate Applications and Other Requests:

August 2012

Vol. 25, No. 8


The OCC has discontinued printing and mailing of paper copies of Interpretations and Actions as of June 1, 2012 in order to reduce the amount of paper used and to save on postage. This publication is available on our Web site at http://www.occ.gov/topics/licensing/interpretations-and-actions/index-interpretations-and-actions.html.

IN THIS ISSUE:

Corporate Decisions

Letter No. Topic
2012-13 (PDF) Application of First National Bank of the Gulf Coast, Naples, Florida, to purchase certain assets of and assume certain liabilities of The Royal Palm Bank of Florida, Naples, Florida (Failed Entity) (Control Number 2012 SO 02 0019), 07/20/2012
2012-14 (PDF) Application of Stearns Bank, National Association, St. Cloud, Minnesota, to purchase certain assets of and assume certain liabilities of Jasper Banking Company, Jasper, Georgia (Failed Entity) (Control Number 2012 CE 02 018), 07/27/2012

Conditional Approvals

Letter No. Topic
1038 (PDF) Bulk transfer application filed on behalf of Aurora Bank FSB, Wilmington, Delaware, to transfer its residential and commercial mortgage servicing operations, as well as substantially all of its deposit liabilities, to unaffiliated third parties and modifications of the business plan under OTS approval order and amended consent order (Control Number R1 2012 0039), 04/5/2012
1039 (PDF) Applications by The Camden National Bank, Camden, Maine to purchase certain assets and assume certain liabilities of 15 branches located in the State of Maine of Bank of America, National Association, Charlotte, North Carolina; and to establish a branch in Orono, Maine (Control Numbers 2012 NE 02 0015 & 05 081), 07/6/2012
1040 (PDF) Applications by Provident Bank, Montebello, New York, to establish an interim federal savings bank and to merger Gotham Bank of New York, New York, New York, with and into Provident Bank, Montebello, New York (Control Number R1 2012 0026), 07/12/2012
1041 (PDF) Bulk transfer application filed on behalf of Saddle River Valley Bank, Saddle River, New Jersey, to transfer substantially all of its assets, as well as substantially all of its deposit liabilities, to Union Center National Bank, Union, New Jersey of its assets and liabilities (Control Number R1 2012 0029), 07/18/2012
1042 (PDF) Applications by Talbots Classics National Bank (TCNB), Lincoln, Rhode Island, to transfer substantially all of its assets and all of its insured deposits to World Financial Network Bank, Wilmington, Delaware, and then merge with and into TLB Newco, LLC, thereby terminating TCNB's charter (Control Numbers 2012 WE 12 0109 & 0110), 07/260/2012
1043 (PDF) Change in Bank Control Act Notice in connection with the proposed acquisition of Talbots Classics National Bank, Lincoln, Rhode Island, by Stefan L. Kaluzny and Sycamore Partners NM, L.L.C., et. al (Control Number 2012 WE 11 0001), 07/26/2012

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2012-122, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Communications Division, Mail Stop 2-3, Washington, D.C. 20219. You may also submit your request electronically through the OCC's online FOIA site, https://foia-pal.occ.gov/palMain.aspx or fax your request to (202)-874-5274. When ordering, specify the appropriate enforcement action number.

Community Reinvestment Act (CRA) Performance Evaluations

PLEASE NOTE: The OCC has changed the time period covered in its list of CRA evaluations. The OCC is now releasing evaluations that became public during the previous month.

Enclosed is a list of CRA performance evaluations that became public during the period of July 1, 2012 through July 31, 2012.

PLEASE NOTE:  Interpretive Letters and No-Objection Letters reflect the views of the Comptroller's legal staff.  Corporate Decisions, CRA Decisions and Conditional Approvals are from the office of Licensing Activities.  The Community Development Investment Letters are from the office of Community Affairs. The list of CRA Ratings is from the Communications Division.  For copies of the CRA evaluations, you may either contact the bank directly, or you may write to the Office of the Comptroller of the Currency (OCC) in any of three ways: by mail to the OCC, Attn: Communications Division, Mail Stop 2-3, Washington, D.C.  20219; by fax to (202) 874-5274; or electronically at the OCC's online FOIA site, hhttps://foia-pal.occ.gov/palMain.aspx. You may also write to the OCC for copies of enforcement actions and charters with standard conditions.

Members of the news media are encouraged to cite the letter number when reporting or summarizing documents from this package.  This helps us to process single requests based upon your citation in a timelier manner.

The Office of the Comptroller of the Currency publishes INTERPRETATIONS AND ACTIONS monthly.  Subscriptions are available at a rate of $200 per year by writing to the Comptroller of the Currency, ATTN: Financial Management, Accounts Receivable, Mail Stop FM-2, Washington, DC  20219.  Prepayment is requested.  Suggestions, comments or questions may be sent to Jacqueline J. England, Comptroller of the Currency, Communications Division, Mail Stop 2-3, Washington, DC  20219.