Close
Office of the Comptroller of the Currency, Ensuring a safe and sound national banking 
        system for all Americans  
Home About OCC News and Issuances Publications Tools and Forms Topics

Corporate Applications and Other Requests:

October 2013

Vol. 26, No. 10

IN THIS ISSUE:

Interpretive Letters

Letter No. Topic
1137 (PDF)

PNC Bank, National Association, Pittsburgh, Pennsylvania, to terminate Operating Agreement and modify Indemnification Agreement  10/07/2013

1138 (PDF)

Wells Fargo Bank, National Association, Sioux Falls, South Dakota, to terminate Operating Agreement and modify Indemnification Agreement  10/07/2013


Community Development Investment Letters

Letter No. Topic
2011-3 (PDF)

Investment in Fund Using New Markets Tax Credits to Finance the Construction of a Windmill Part Production Facility - A national bank may make an equity investment in a Fund that finances the construction of a wind turbine, component part production facility, which is located in a LMI area, and the purchase of related machinery and equipment.  06/17/2011

2012-1 (PDF) Investment in Fund Using New Markets Tax Credits to Finance the Construction of a Community-Scale, Wind Energy Facility - A national bank may make an equity investment in a Fund that finances the development and maintenance of a community-scale, wind-energy facility that is located in a LMI area.  09/14/2012
2013-1 (PDF) Investment in Fund Using New Markets Tax Credits to Finance High Speed Fiber Optic and Microwave Connections in LMI Areas - A national bank may make an equity investment in a Fund that finances high-speed, fiber optic and microwave connections to remote, low- and moderate-income communities.  01/25/2013

Conditional Approvals

Letter No. Topic
1078 (PDF) Applications by Bank of Indiana, National Association, Dana, Indiana, to (i) transfer all of its insured deposits and sell certain of its assets to First Farmers Bank & Trust, Converse, Indiana; (ii) sell certain assets to IBC Recovery, LLC, Indianapolis, Indiana, and then merge with and into BOI Successor Corporation, Indianapolis, Indiana, a nonbank affiliate  (Control Numbers  2013-HQ-5.53-134474 & 2013-HQ-215a3-135539), 09/19/2013
1079 (PDF) Application by Old Dominion National Bank, North Garden, Virginia, for an increase in permanent capital.  (Control Number  2013-NE-134911), 09/24/2013
1080 (PDF) Application by CertusBank, National Association, Easley, South Carolina (“Bank”), to directly acquire a 35 percent non-controlling equity interest in Monarch Business and Wealth Management Holdings, LLC, New York, New York (“Company”), a Delaware limited liability company.  (Control Number  2013-NE-Subs & Equities-135459), 09/27/2013

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2013-162, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Communications Division, 400 7th Street, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219. You may also submit your request electronically through the OCC’s online FOIA site, https://foia-pal.occ.gov/palMain.aspx. 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 August 1, 2013 through August 31, 2013.

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 Supervisory Conditions Letters are from the Special Supervision Division. 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 the following ways: by mail to the OCC, Attn: Communications Division, 400 7th Street, SW, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219; 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.

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. Suggestions, comments or questions may be sent to Jacqueline England, Comptroller of the Currency, Communications Division, 400 7th Street, SW, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219.