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Interpretations and Actions: September 2017

Vol. 30, No. 9

CRA Decisions

Letter No. Topic
183 (PDF) Application to merge TIAA-CREF Trust Company, FSB, St. Louis, Missouri, with and into EverBank, Jacksonville, Florida (Control Number: 2016-NE-Combination-292766), 03/13/2017
184 (PDF) Application to merge Merchants Bank, South Burlington, Vermont, with and into Community Bank, National Association, Canton, New York (Control Number: 2016-NE-Combination-296340), 4/06/2017
185 (PDF) Application to merge Astoria Bank, Long Island City, New York, with and into Sterling National Bank, Montebello, New York; and approval for Sterling to retain branches and a number of operating subsidiaries of Astoria (Control Numbers: 2017-NE-Combination-295451, 2017-NE-Subsidiaries & Equities-298400, 298406, 298407, 298409, 298410, and 298413 to 298418), 8/16/2017

Supervisory Condition Letters

Letter No. Topic
2017-03 (PDF) USAA Federal Savings Bank, San Antonio, Texas – Approval to Waive Certain Reporting for the 2017 DFAST Submission 05/19/2016
2017-04 (PDF) Charles Schwab Bank, Reno, Nevada – Approval to Waive Certain Reporting for the 2017 DFAST Submission 11/28/2016

Conditional Approvals

Letter No. Topic
1179 (PDF) Change in Bank Control Notice filed by Vinh Quang Do to acquire control of California International Bank, N.A., Long Beach, California. (Control Number: 2017-WE-CBCA-295552), 08/09/2017
1180 (PDF) Application by Leader Bank, National Association, to establish and operating subsidiary, to be known as Leader1031.com,LLC, which will engage in certain permissible activities (Control Number: 2017-NE-Subs&Equities-298157), 08/21/2017

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2017-102 announcing all CRA performance evaluations that became public from August 1, 2017 through August 31, 2017. 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 2017-108 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.

You can obtain copies of CRA evaluations or enforcement actions by writing to the Freedom of Information Act Officer, Disclosure Services, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Washington, DC 20219. You may also submit a request electronically 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.