Corporate Applications and Other Requests:
| February 2012 |
Vol. 25, No. 2
|
IN THIS ISSUE:
Interpretive Letters
|
Letter No. |
Topic |
| 1135 (PDF) |
Letter concludes that a federal savings association through its operating
subsidiary may repurchase from customers auction rate securities pursuant to
investment authority and auction rate preferred securities pursuant to general
lending authority, consistent with OCC guidance and subject to statutory,
regulatory, and safety and soundness limitation. 01/20/2012 |
Corporate Decisions
|
Letter No. |
Topic |
| 2012-01 |
Application by U.S. Bank National Association, Cincinnati, Ohio to purchase
certain assets and assume certain liabilities of BankEast, Knoxville, Tennessee
("Failed Entity") (Control Number 2012 CE 02 003), 01/27/2012 |
| 2012-02 |
Application by GE Capital Retail Bank, Draper, Utah for the establishment of
wholly-owned, second-tier (GE Sales Finance Holding, LLC) and third-tier (GE
Sales Finance Master Trust) operating subsidiaries to facilitate the
securitization of its credit card receivables (Control Number R1 2011 0147
and 0148), 01/20/2012 |
| 2012-03 |
Application by CenterState Bank of Florida, National Association, Winter Haven,
Florida to purchase certain assets of and assume certain liabilities of First
Guaranty Bank & Trust Company of Jacksonville, Jacksonville, Florida
("Failed Entity") (Control Number 2012 SO 02 0004), 01/27/2012 |
Approvals with conditions enforceable under 12 U.S.C. 1818
|
Letter No. |
Topic |
| 1019 |
Application by Bank of Communications Co. Ltd., Shanghai, People's Republic of
China to establish a limited Federal Branch in San Francisco, California with
the title "Bank of Communications, San Francisco Branch" (Control Number
2009 IB 10 0001), 11/15/2011 |
| 1020 |
Request by RBC Bank (Georgia), National Association, Atlanta, Georgia, to
change the scope of its activities and the application to purchase certain
assets and assume certain liabilities of RBC Bank (USA), Raleigh, North
Carolina (Control Numbers 2011 NE 12 0211 and 02 0024), 12/23/2011 |
| 1021 |
Application by The Upstate National Bank, Ogdensburg, New York to increase its
capital by issuing shares of Series D Preferred Stock to Modern Capital
Holdings LLC (Control Number 2011 WO 12 0114), 01/11/2012 |
| 1022 |
Application of Raymond James Bank, FSB, St. Petersburg, Florida, to convert to
a national banking association with the title of "Raymond James Bank, National
Association" (Control Number 2008 SO 01 0016), 01/13/2012 |
| 1023 |
Application of Capital Bank, National Association, Rockville, Maryland, to
purchase certain assets of and assume certain liabilities of American Eagle
Savings Bank, Boothwyn, Pennsylvania, ("Failed Entity") (Control Number
2012 NE 02 0003), 01/20/2012 |
| 1024 |
Application of CenterState Bank of Florida, National Association, Winter Haven,
Florida to purchase certain assets of and assume certain liabilities of Central
Florida State Bank, Belleview, Florida ("Failed Entity") (Control Number
2012 SO 02 0002), 01/20/2012 |
| 1025 |
Application to merger Bay Bank and Trust Company, Panama City, Florida, with,
into, and under the title and charter number of Trustmark National Bank,
Jackson, Mississippi (Control Number 2011 SO 02 0039), 01/26/2012 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number
2012-28, 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://appsec.occ.gov/publicaccesslink/ or fax your request to
(202)-874-5274. When ordering, specify the appropriate enforcement action
number.
Community Reinvestment Act (CRA) Performance Evaluations
Enclosed are lists of CRA performance evaluations that became public during the
periods of:
-
July 15, 2011 through August 14,
2011;
-
August 15, 2011 through
September 14, 2011;
-
September 15, 2011 through
October 14, 2011;
-
October 15, 2011 through
November 14, 2011;
-
November 15, 2011 through
December 14, 2011;
-
December 15, 2011 through
January 14, 2012; and
-
January 15, 2012 through
February 14, 2012.
As of this printing, all CRA performance evaluations are current.
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, https://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.
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