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Corporate Applications and Other Requests:

February 2011

Vol. 24, No. 2


Interpretive Letters

Letter No. Topic
1129 (PDF) Letter concludes that the Bank's proposal to engage in a limited amount of post-foreclosure construction on residential OREO is permissible under 12 CFR 34 and not speculative where the bank's motivation is to facilitate disposal of the OREO parcel. 02/03/2011

Corporate Decisions

Letter No. Topic
2011-01 (PDF) Application by U.S. Bank, National Association, Cincinnati, Ohio, to purchase certain assets and assume certain liabilities of First Community Bank, Taos, New Mexico (Control Number 2011 CE 02 003), 01/28/2011

Approvals with conditions enforceable under 12 U.S.C. 1818

Letter No. Topic
988 (PDF) Application by Centrust Bank, National Association, Northbrook, Illinois, to increase its capital (Control Number 2010 CE 12 197), 01/14/2011
989 (PDF) Application to establish a new national bank, CertusBank, National Association, Easley, South Carolina, and the application by the Bank to acquire from the Federal Deposit Insurance Corporation as Receiver certain assets and assume certain liabilities of Community South Bank and Trust, Easley, South Carolina (Control Numbers 2010 WO 01 0006 & 02 0001), 01/19/2011

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2011-20, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Communications Division, Mail Stop 2-3, Washington, D.C. 20219. You may also submit your request electronically through the OCC's online FOIA site, or fax your request to (202)-874-5274. 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 January 15, 2011 through February 14, 2011.

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 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: Communications Division, Mail Stop 2-3, Washington, D.C.  20219; by fax to (202) 874-5274; or electronically at the OCC's online FOIA site, . 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 timelier manner.

The Office of the Comptroller of the Currency publishes INTERPRETATIONS AND ACTIONS monthly.  Subscriptions are available at a rate of $200 per year by writing to the Comptroller of the Currency, ATTN: Financial Management, Accounts Receivable, Mail Stop FM-2, Washington, DC  20219.  Prepayment is requested.  Suggestions, comments or questions may be sent to Jacqueline J. England, Comptroller of the Currency, Communications Division, Mail Stop 2-3, Washington, DC  20219.