Interpretations and Actions: May 2021
Vol. 34, No. 5
|1178||Request for an exemption from section 23A of the Federal Reserve Act and the Federal Reserve Board’s Regulation W (04/12/2021)|
|203||Application to merge Heritage First Bank, Rome, Georgia, with and into First National Community Bank, Chatsworth, Georgia (Control Number: 2021-SO-Combination-320302, 04/19/2021)|
|1264||Applications of Business Bank of Texas, National Association, Austin, Texas, to (1) acquire a new operating subsidiary known as Holding Corp. (2) change the composition of its assets, and (3) then merge with and into the nonbank subsidiary corporation, Holding Corp. (Control Number: 2021-SO-Subs&Equities-31995 2021-SO-5.53-319927; & 2021-SO-215a3-319928), 04/09/2021|
|1265||Rebuttal of control of ADP Trust Company, National Association, Wilmington, Delaware, filed by The Vanguard Group, Inc., Malvern, Pennsylvania (Control Number: 2021-NE-CBCA-320061), 04/15/2021|
|1266||Application to charter Paxos National Trust, New York, New York (Control Number: 2020-NE-Charter-318305), 04/23/2021|
|1267||Application by Plante Moran Trust, Southfield, Michigan, to convert to a national bank and exercise fiduciary powers (Control Number: 2021-CE-Conversion-319761), 04/29/2021|
Community Reinvestment Act (CRA) Performance Evaluations
See OCC News Release 2021-50 announcing all CRA performance evaluations that became public from April 1, 2021 through April 30, 2021. A search of all public CRA evaluations can be done at http://apps.occ.gov/crasearch/default.aspx.
Final Enforcement Actions
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 Conditions 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 7th Street, SW, Suite 3E-218, Washington, DC 20219.