Interpretations and Actions: June 2000
Share This Page:
Vol. 13, No. 6
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 Bank Organization and Structure. 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: Public Information Room, Mail Stop 1-5, Washington, D.C. 20219; by fax to (202) 874-4448; or by email to FOIA-PA@occ.treas.gov. 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 more timely manner.
Interpretive Letters
| Letter No. | Topic |
|---|---|
| 890 | Bank holding company proposes to acquire EFT network that is currently owned by inter alia, national banks. Letter permits national banks to exchange their investments in the EFT network for minority equity investments in the bank holding company. 05/15/2000 |
Corporate Decisions
| Letter No. | Topic |
|---|---|
| 2000-07 | Application by Mellon Bank, National Association, Pittsburgh, Pennsylvania, to acquire a limited liability company, MPAM Private Equity, LLC, as an operating subsidiary. (Control Number 2000 NE 08 0016), 05/10/2000 |
Approvals with Conditions Enforceable under 12 U.S.C. 1818
| Letter No. | Topic |
|---|---|
| 389 | Application by Chase Manhattan Bank USA, N.A., Wilmington, Delaware, First Union National Bank, Charlotte, North Carolina, and Wells Fargo Bank, N.A., San Francisco, California, to continue to invest in a limited liability Company, Spectrum EBP, LLC. (Control Number 2000 WO 08 0004), 05/19/2000 |
Charters with Standard Conditions
Each of the following charter application(s) were approved with a standard condition enforceable under 12 U.S.C. 1818 that requires the bank, during the first three years of its operation, to provide notice to the OCC in advance of any significant deviations or changes from its proposed operating plan.
| Letter No. | Topic |
|---|---|
| 390 | Fulton Financial Advisors, National Association, Lancaster, Pennsylvania, (Control Number 1999 NE 01 00024), 05/01/2000 |
| 391 | Kilgore National Bank, Kilgore, Texas, (Control Number 2000 SW 01 0001), 05/08/2000 |
| 392 | Mission Oaks National Bank, Temecula, California, (Control Number 2000 WE 01 0001), 05/08/2000 |
| 393 | The National Bank of Georgia, Athens, Georgia, (Control Number 1999 SE 01 014), 05/09/2000 |
| 394 | Lowcountry National Bank, Beaufort, South Carolina, (Control Number 1999 SE 01 012), 05/10/2000 |
| 395 | Security National Trust Co., Wheeling, West Virginia, (Control Number 2000 NE 01 0015), 05/10/2000 |
| 396 | NBC National Bank, Knoxville, Tennessee, (Control Number 2000 SE 01 003), 05/12/2000 |
| 397 | U.S. Bank Trust, National Association, Wilmington, Delaware, (Control Number 2000 MW 01 008), 05/17/2000 |
| 398 | InterBank, National Association, Fredericksburg, Virginia, (Control Number 1999 NE 01 033), 06/06/2000 |
| 399 | Great Lakes Trust Company, National Association, (Control Number 2000 CE 01 004), 05/18/2000 |
| 400 | United National Bank, Cairo, Georgia, (Control Number 1999 SE 01 025), 05/26/2000 |
| 401 | Peoples Heritage Bank, National Association, Portland, Maine, (Control Number 2000 NE 01 0015), 05/26/2000 |
| 402 | First National Bank, Creede, Colorado, (Control Number 2000 WE 01 004), 05/30/2000 |
| 403 | F & M Community Bank, National Association, Chatfield, Minnesota, (Control Number 2000 MW 01 007), 06/01/2000 |
| 404 | CenterBank of Jacksonville, National Association, Jacksonville, Florida, (Control Number 2000 SE 01 007), 05/30/2000 |
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 2000-50, 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, 2000 through June 14, 2000.
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, Mailstop 3-2, Comptroller of the Currency, Washington, DC 20219.