Interpretations and Actions: June 1998
Vol. 11, No. 6
PLEASE NOTE: Interpretive Letters and No Objection Letters reflect the views of the Comptroller's legal staff. Corporate Decisions and Decisions (CRA) are from the office of Bank Organization and Structure. The list of CRA Ratings is from the Communications Division. For copies of the evaluation, you should contact the bank directly or the Office of the Comptroller of the Currency, Attn: Public Reference Room, Mailstop 1-5, Washington, D.C. 20219.
Members of the news media are encouraged to cite the letter number when reporting or summarizing documents from this package. This helps to process single requests in a more timely manner.
|830||Letter states that bank which has subleased OREO property for the remainder of the lease term cannot enter into an extension of the lease and sublease under 12 U.S.C. 29 and 12 CFR 34.83(a). (05/19/98)|
|80||Application by United National Bank, Monterey Park, California, to establish a branch at the Northwest corner of Walnut Avenue and Jeffrey Road, Irvine, California; (Control Number 98WE050021), (05/27/98)|
|98-25||Application by TCF National Bank, Minneapolis, Minnesota, regarding the real estate appraisal activities of North Star Real Estate, Inc. For the general public; (Control Number 97MW080007), (04/01/98).|
|98-26||Application by Southwest Kansas National Bank, Ulysses, Kansas, to perform title abstracting services through its subsidiary, Southwestern Service, Inc.; (Control Number 97WO080005), (04/21/98).|
|98-27||Application to merge The Security Trust and Savings Bank, Shenandoah, Iowa, into The First National Bank, Red Oak, Iowa, under the charter of The First National Bank and title of Bank Iowa, National Association; (Control Number 98MW020018), (05/11/98).|
|98-28||Application by Fleet National Bank, Providence, Rhode Island, to establish Fleet Life Insurance Company which will underwrite and reinsure credit life and credit disability insurance and Fleet Insurance Company which will underwrite and reinsure involuntary unemployment insurance; (Control Number 98ML08001), (05/11/98).|
|98-29||Application of Union Planters Bank, National Association, Memphis, Tennessee, to merge with City Bank and Trust Company, McMinnville, Tennessee, under the charter of Union Planters Bank, National Association; (Control Number 98SE020013), (05/18/98).|
|98-30||Merger of U.S. Trust Company of the Pacific Northwest, Portland, Oregon, with and into U.S. Trust Company of the Pacific Northwest Interim National Bank, Portland, Oregon, and the merger of the resulting bank with and into U.S. Trust Company of California, National Association, Los Angeles, California, under the charter of the latter and the title of U.S. Trust Company, National Association, Los Angeles, California; (Control Number 98WE020013), (05/20/98).|
|98-31||Application by First National Bank of Manchester, Tennessee, to establish FCB Life Insurance Co. Which will reinsure credit life insurance sold to customers that borrow from the bank and its lending affiliate; (Control Number 98SE080006), (05/26/98).|
|98-32||Application for Star Bank, National Association, Cincinnati, Ohio, to purchase the assets and assume the liabilities of four Ohio branches of Bank One, National Association, Columbus, Ohio; (Control Number 98CE020016), (05/05/98).|
|98-33||Application of First Western Bank, National Association, New Castle, Pennsylvania, to purchase the assets and to assume the deposits and certain other liabilities of sixteen branches of PNC Bank, National Association, Pittsburgh, Pennsylvania; (Control Number 98NE020013), (05/20/98).|
Approvals with Conditions Enforceable under 12 U.S.C. 1818
|276||Application by Mellon Bank, N.A., Pittsburgh, Pennsylvania, to establish a wholly-owned operating subsidiary to acquire and hold a 50% interest in a partnership engaged in title insurance agency, real estate appraisal, loan closing and other loan-related activities; (Control Number 98NE080010), (05/08/98).|
|277||Application by United National Bank, Monterey Park, California, to establish a branch at the Northwest corner of Walnut Avenue and Jeffrey Road, Irvine, California; (Control Number 98WE050021), (05/27/98)|
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 98-65, 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 May 15, 1998 through June 14, 1998.
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, Comptroller of the Currency, Washington, DC 20219.