Interpretations and Actions: November 2000
Vol. 13, No. 11
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.
|897||Letter confirms that a national bank may acquire a non-controlling investment in a SEC registered investment advisory company when the investment advisory company owns limited equity interests in investment funds to which it provides services. 10/23/2000|
|2000-18||Applications of First National Bank in Brookings, Brookings, South Dakota, and First National Bank in Garretson, Garretson, South Dakota. (Control Numbers 2000 MW 02 030, 2000 MW 05 0090, 2000 MW 07 015, & 2000 MW 02 034), 09/01/2000|
|2000-19||Application of The First National Bank of Manchester, Manchester, Kentucky, to establish a branch at 403 North Main Street, London, Kentucky. (Control Number 2000 CE 05 088), 09/15/2000|
|2000-20||Application for the Liberty National Bank, Paris, Texas, to purchase the assets and assume the liabilities of the Paris, Texas branch of Guaranty Federal Bank, F.S.B., Dallas, Texas. (Control Number 2000 SW 02 0029), 10/02/2000|
Approvals with Conditions Enforceable under 12 U.S.C. 1818
|415||Application by The Trust Company of Louisiana, Ruston, Louisiana to convert to a national trust bank under the title of "National Independent Trust Company" and exercise fiduciary powers. (Control Numbers 2000 SW 01 0010 & 2000 SW 12 0154), 10/16/2000|
|416||Application to establish a new national bank with the title of "CalNet Bank, National Association," Sacramento, California. (Control Number 2000 WE 12 0082), 08/20/2000|
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.
|417||Boone National Bank, Corbin, Kentucky, (Control Number 2000 CE 01 011) 09/29/2000|
|418||Ohio Legacy Bank, National Association, Wooster, Ohio, (Control Number 1999 CE 01 006), 10/03/2000|
|419||Canyon Community Bank, National Association, Tuscon, Arizona, (Control Number 2000 WE 01 003), 10/06/2000|
|420||Mississippi National Banker's Bank, Ridgeland, Mississippi, (Control Number 2000 SW 01 0017), 10/23/2000|
|421||Advantage National Bank, Chicago, Illinois, (Control Number 2000 CE 01 0013), 10/24/2000|
|422||Pacific Generations Bank, National Association, Los Angeles, California, (Control Number 2000 WE 01 0016, 10/25/2000|
|423||Nicolet National Bank, Green Bay, Wisconsin, (Control Number 2000 CE 01 007), 10/27/2000|
Final Enforcement Actions
Enclosed is a copy of the OCC's news release number 2000-86, 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 October 15, 2000 through November 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.