Interpretations and Actions: December 1999
Vol. 12, No. 12
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.
|872||Letter confirms that a national bank may solicit and conduct trust business and operate non-branch trust offices in California, notwithstanding that the bank's main office is in a different state. Letter also confirms that state laws purporting to prohibit a national bank from engaging in these activities are preempted by federal law. 10/28/99|
|873||Letter confirms that bank insurance agency, appropriately located in a "place of 5,000," may solicit and sell insurance in the manner permissible for insurance agencies generally in the state of New York and as authorized by the agency's state insurance license. 12/01/99|
|874||Letter confirms that bank insurance agency, appropriately located in a "place of 5,000," may solicit and sell insurance in the manner permissible for insurance agencies generally in the state of New York and as authorized by the agency's state insurance license. 12/01/99|
|102||Application to merge Peninsula Bank of San Diego, San Diego, California, into U.S. Bank National Association, Minneapolis, Minnesota, under the charter and title of U.S. Bank National Association. (Control Number 1999 MW 02 0039), 11/29/99|
|99-39||Application to purchase the assets and assume the liabilities of the "Harper" and "Mayfield" branches of Hillcrest Bank, Overland Park, Kansas, by the First National Bank of Anthony, Anthony, Kansas, under the charter and title of the First National Bank of Anthony. (Control Number 1999 MW 02 0043), 12/02/99|
|99-40||Applications of Platte Valley National Bank, Scottsbluff, Nebraska, and Platte Valley National Bank-Morrill, Minatare, Lyman, Morrill, Nebraska, to reorganize their banking operations. (Control Numbers 1999 WE 02 0018, 1999 WE 05 0064, 1999, WE 07 0013 & 1999 WE 12 0178), 11/09/99|
|99-41||Application by First Bethany Bank & Trust Company, National Association, Oklahoma City, Oklahoma, to establish a mobile branch to serve six locations in Oklahoma. (Control Number 1999 CE 08 0021), 11/19/99|
|99-42||Application by Hemisphere National Bank, Miami, Florida, to purchase substantially all the assets and assume substantially all the liabilities of Pan American Bank, Miami, Florida. (Control Number 1999 SE 02 0036), 11/29/99|
|99-43||Application by Fleet National Bank, Providence, Rhode Island, for approval to expand the activities of an existing operating subsidiary to include the provision of employee relocations benefits consulting to small- and medium-sized business customers of the bank. (Control Number 1999 ML 08 0020), 11/29/99|
Approvals with conditions enforceable under 12 U.S.C. 1818
|335||Application by First National Bank, Hot Springs, Arkansas, to elect the corporate governance provisions of Arkansas law and complete a reverse stock split in accordance with those provisions. (Control Number 1999 SW 12 0161), 11/02/99|
|336||Application of First Tennessee Bank, N.A., Memphis, Tennessee, to participate in a limited partnership providing credit reporting services. (Control Number 1999 SE 08 0039), 11/02/99|
|337||Application by net First National Bank, Boca Raton, Florida, to relocate its head office. (Control Number 1999 SE 07 0026), 11/05/99|
|338||Application of Wells Fargo Bank, NA, San Francisco, California, to acquire Norwest Mortgage, Inc., as an operating subsidiary. (Control Numbers 1999 ML 08 0016 & 99 ML 12-0412), 11/10/99|
|339||Operating subsidiary applications by Bank of America, N.A., and Citibank, N.A. to expand the activities of Identrus, LLC. (Control Numbers 1999 WO 08 0009 & 0010), 11/16/99|
|340||Application to merge Commercial and Farmers Bank, Ellicott City, Maryland, with and into Farmers & Mechanics National Bank, Frederick, Maryland, under the title and charter number of the latter. (Control Number 1999 NE 02 035), 11/18/99|
|341||Final charter authorization for Access National Bank, Chantilly, Virginia and the acquisition of Mortgage Investment Corporation as an operating subsidiary. (Control Number 1999 NE 01 0007 & 1999 NE 08 0049), 11/30/99|
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 99-117 , 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 November 15, 1999 through December 14, 1999.
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.