Subject: Unauthorized Banking
Date: October 19, 1998
Description: Western Credit Bank, L.L.C.
Unauthorized Banking: Western Credit Bank, L.L.C.
To: Chief Executive Officers of all National Banks; all State Banking Authorities; Chairman, Board of Governors of the Federal Reserve System; Chairman, Federal Deposit Insurance Corporation; Conference of State Bank Supervisors; Deputy Comptrollers (Districts); Assistant Deputy Comptrollers; District Counsel and Examining Personnel
Information has been received that the subject entity may be operating a banking business in the United States without authorization. The Oregon Department of Insurance and Finance has advised that the subject entity is not authorized to conduct a banking business in the State of Oregon.
Any information which you may have concerning this matter should be brought to the attention of:
Office of the Comptroller of the Currency
Daniel P. Stipano