Interpretations and Actions: February 2022

Vol. 35, No. 2

CRA Decisions

Letter No.	Topic
226	Application by Bank of America, National Association, Charlotte, North Carolina, to establish a branch at 2703 Biscayne Boulevard, Miami, Florida (Control No.: 2021-LB-BranchNew-324413, 01/18/2022)

Conditional Approval Letters

Letter No.	Topic
1276	Application to charter Peak Trust Company, National Association, Anchorage, Alaska (Control No.: 2021-WE-Charter-320928, 01/12/2022)
1277	Application to charter SoFi Interim Bank, National Association, Cottonwood Heights, Utah, and for SoFi Interim Bank, National Association to merge with and into Golden Pacific Bank, National Association, Sacramento, California, with the resulting title of SoFi Bank, National Association, and engage in a change in asset composition (Control Nos.: 2021-WE-Combination-320559 & 2021-WE-5.53-320555, 01/18/2022)

Letter No.

Topic

1276

Application to charter Peak Trust Company, National Association, Anchorage, Alaska (Control No.: 2021-WE-Charter-320928, 01/12/2022)

1277

Application to charter SoFi Interim Bank, National Association, Cottonwood Heights, Utah, and for SoFi Interim Bank, National Association to merge with and into Golden Pacific Bank, National Association, Sacramento, California, with the resulting title of SoFi Bank, National Association, and engage in a change in asset composition (Control Nos.: 2021-WE-Combination-320559 & 2021-WE-5.53-320555, 01/18/2022)

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2022-8 announcing all CRA performance evaluations that became public from January 1, 2022 through January 31, 2022. 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 2022-18 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 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 7^th Street, SW, Suite 3E-218, Washington, DC 20219.