Interpretations and Actions: October 2018

Vol. 31, No. 10

Supervisory Condition Letters

Letter No.	Topic
2018-07	Rollstone Bank & Trust, Leominster, Massachusetts – Request for authorization to 1) provide non-public OCC information to the Depositors Insurance Fund and 2) enter into an Excess Deposit Insurance Agreement with the Depositors Insurance Fund and the Commissioner of Banks of the Commonwealth of Massachusetts (09/10/2018)
2018-08	Arab Bank PLC, New York, New York – Operating Agreement (10/01/2018)

CRA Decisions

Letter No.	Topic
191	Application by Bank of America, National Association, Charlotte, North Carolina, to establish a branch office at 2545 County Road, #10, Brooklyn Center, Minnesota, to be known as Shingle Creek Crossing. (Control Number 2018-LB-BranchNew-303733), 08/20/2018
192	Application to merge Farmington Bank, Farmington, Connecticut, with and into People’s United Bank, National Association, Bridgeport, Connecticut. (Control Number 2018-LB-BranchNew-303733), 09/12/2018

Conditional Approvals

Letter No.	Topic
1206	Disposition of substantially all of the assets of The First National Bank of Rembrandt, Rembrandt, Iowa, through a purchase and assumption transaction with Security Trust & Savings Bank, Storm Lake, Iowa. (Control Number 2018-WE-5.53-304996), 09/27/2018; and Application to merge The First National Bank of Rembrandt, Rembrandt, Iowa, with and into FNBR, LLC, Rembrandt, Iowa. (Control Number 2018-WE-215a3-304991), 02/27/2018

Letter No.

Topic

1206

Disposition of substantially all of the assets of The First National Bank of Rembrandt, Rembrandt, Iowa, through a purchase and assumption transaction with Security Trust & Savings Bank, Storm Lake, Iowa. (Control Number 2018-WE-5.53-304996), 09/27/2018; and Application to merge The First National Bank of Rembrandt, Rembrandt, Iowa, with and into FNBR, LLC, Rembrandt, Iowa. (Control Number 2018-WE-215a3-304991), 02/27/2018

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2018-106 announcing all CRA performance evaluations that became public from September 1, 2018 through September 30, 2018. A search of all public CRA evaluations can be done at http://apps.occ.gov/crasearch/default.aspx.

Final Enforcement Actions

See OCC News Release 2018-111 announcing the availability of enforcement actions. All final enforcement actions are searchable at http://apps.occ.gov/EnforcementActions/.

PLEASE NOTE: Interpretive Letters and No-Objection Letters reflect the views of the Office of the Comptroller of the Currency’s (OCC) 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 Supervisory Condition Letters are from the Special Supervision Division. The list of CRA Ratings is from the Communications Division.

If you are unable retrieve the CRA evaluations or enforcement actions online, you can submit a request to obtain copies at the OCC’s online FOIA site, https://foia-pal.occ.gov/palMain.aspx. Please provide all identifying information when requesting documents. You may also contact the bank directly for copies of the CRA evaluations.

The OCC publishes INTERPRETATIONS AND ACTIONS monthly. Send suggestions, comments or questions to Jacqueline England, Disclosure Services, Communications Division, OCC, 400 7^th Street, SW, Suite 3E-218, Washington, DC 20219.