Alert 2004-25| December 22, 2004
Unauthorized Banking: Malibu Trust Company
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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
The Office of the Comptroller of the Currency (OCC) has been advised that the California Commissioner of Financial Institutions has issued a cease and desist order to Malibu Trust Company, directing it to cease doing business in California without a license. Neither the State of California nor the OCC has issued a charter or license to Malibu Trust Company.
Accordingly, Malibu Trust Company is not authorized to transact business as a bank and, pursuant to relevant California statutes, it is not authorized to transact trust business using a name that contains the word "trust." All persons who have engaged in business with Malibu Trust Company with the understanding that the company is a licensed bank or trust company are asked to contact the:
California Department of Financial Institutions
Legal Division, San Francisco, CA
(415) 263-8528
Any information that you wish to provide to the OCC, 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 |
| Email: | occalertresponses@occ.treas.gov |
Brian C. McCormally
Director
Enforcement & Compliance Division