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Alert 2002-13
Description: Illegal References to Bank Affiliation and Bank Supervisor

Unauthorized Banking: Illegal References to Bank Affiliation and Bank Supervisor

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 All Examining Personnel

Please be advised that Globe Trust Financial, Inc. (Globe) and Pacific Trust Financial (Pacific) are falsely representing on their respective Internet Web sites that they are regulated by the Office of the Comptroller of the Currency (OCC). The OCC does not supervise nor has the OCC issued a banking charter to Globe or Pacific. Globe's Web site address is at [http://globetrustfinancial.ca/Aboutus.as] and Pacific's Web site address is located at [http://pacificfinancialtrust.com/Aboutus.asp].

Globe also states that it is a member of the ABN-AMRO Group. The OCC has been advised that neither Globe nor Pacific is associated with the ABN-AMRO Group of financial companies. Accordingly, there is no affiliation or business connection between ABN-AMRO or any of its affiliates, and Globe or Pacific.
The Office of the Superintendent of Financial Institutions of Canada has also advised the OCC that neither Globe nor Pacific is a federally regulated entity of Canada.

Any information that you may have concerning this matter should be brought to the attention of:

Mail: Office of the Comptroller of the Currency Enforcement & Compliance Division,
MS 8-10
250 E Street, SW,
Washington, DC 20219
Fax: (202) 874-5301
Internet: http://www.occ.treas.gov
E-mail: occalertresponses@occ.treas.gov

and

E-mail: alerte@osfi-bsif.ge.ca
Mail: Office of the Superintendent of Financial Institutions Canada
121 King Street West, Toronto, Ontario M5H 3T9
Fax: 416-973-8966

Brian C. McCormally
Director,
Enforcement & Compliance Division