Corporate Applications and Other Requests:
Vol. 14, No. 9
IN THIS ISSUE:
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 Bank Organization and Structure. 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: Public Information
Room, Mail Stop 1-5, Washington, D.C. 20219; by fax to (202) 874-4448; or by
e-mail to FOIA-PA@occ.treas.gov. 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 more timely manner.
||Letter addresses concerns raised by an overdraft protection program offered by a third -party vendor
to national banks. 08/03/2001
||Letter concludes that a national bank may underwrite and deal in municipal revenue bonds issued by or on
behalf of Puerto Rico. 08/15/2001
||Application of Maryland Bank & Trust Company, National Association, Lexington Park, Maryland, to undertake a
reorganization pursuant to Section 1204 of the American Home Ownership and Economic Opportunity Act of 2000 and
12 C.F.R. 7.2000(a). (Control Number 2001 NE 12 0161), 08/01/2001
||Operating subsidiary notice of Metropolitan National Bank, New York, New York, to acquire Cashzone, LLC.
(Control Number 2001 NE 08 0030), 08/17/2001
||Application to merge VNB Del, Inc. into Valley National Bank, Passaic, New Jersey. (Control Number 2001 NE 02 0031), 08/31/2001
Approvals with conditions enforceable under 12 U.S.C. 1818
||Application by Zions First National Bank, Salt Lake City, Utah, to establish an operating
subsidiary, EnterVault, Inc., that will provide integrated, online information service for secure
web-based document storage, retrieval and collaboration of documents and/or files containing personal
information or valuable confidential trade or business information. (Control Number 2001 WO 08 0001), 07/27/2001
||Application to charter a national trust bank with the title of "Family Capital Trust Company, National
Association," Boston, Massachusetts. (Control Number 2001 NE 01 0024), 08/27/2001
Charters with standard conditions
Each of the following charter application(s) were approved with a standard
condition enforceable under 12 U.S.C. 1818 that requires the bank, during
the first three years of its operation, to provide notice to the OCC in
advance of any significant deviations or changes from its proposed
||First Hawaiian BankCard, National Association, Scottsdale, Arizona, (Control Number 2001 WE 01 0004), 08/02/2001
||Freedom National Bank, National Association, Greenville, Rhode Island, (Control Number 2001 NE 01 010), 08/03/2001
||CenterBank of Jacksonville, National Association, Jacksonville, Florida, (Control Number 2001 SE 01 001), 08/09/2001
||Douglas National Bank, Douglas, Georgia, (Control Number 2001 SE 01 0003), 08/13/2001
||Southern Colorado National Bank, Pueblo, Colorado, (Control Number 2001 WE 01 0006), 08/16/2001
||Shanghai Commercial Bank (New York), National Association, New York, New York, (Control Number 2001 NE 01 0007), 08/31/2001
||American Home Bank, National Association, Lancaster, Pennsylvania, (Control Number 2001 NE 01 0001), 08/03/2001
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number
2001-81, announcing the availability of
enforcement actions. Copies of the final actions are available by writing to the OCC, Public
Reference Room, Mailstop 1-5, Washington, D.C. 20219. 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 15 through September 14.
INTERPRETATIONS AND ACTIONS is published monthly by the Office of the Comptroller of the Currency.
Subscriptions are available at a rate of $175 per year by writing to the Comptroller of the
Currency, P.O. Box 70004, Chicago, IL 60673-0004. Prepayment is requested. Suggestions,
comments or questions may be sent to Jacqueline J. England, Communications Division,
Mailstop 3-2, Comptroller of the Currency, Washington, DC 20219.