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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 (PDF) 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 (PDF) 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 (PDF) 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 (PDF) 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 (PDF) 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 (PDF) 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 (PDF) 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 (PDF) 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 (PDF) 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 (PDF) 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:

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.