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Interpretations and Actions: June 2000

Vol. 13, No. 6

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 e-mail to 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.

Interpretive Letters

Letter No. Topic
890 Bank holding company proposes to acquire EFT network that is currently owned by inter alia, national banks. Letter permits national banks to exchange their investments in the EFT network for minority equity investments in the bank holding company. 05/15/2000

Corporate Decisions

Letter No. Topic
2000-07 Application by Mellon Bank, National Association, Pittsburgh, Pennsylvania, to acquire a limited liability company, MPAM Private Equity, LLC, as an operating subsidiary. (Control Number 2000 NE 08 0016), 05/10/2000

Approvals with Conditions Enforceable under 12 U.S.C. 1818

Letter No. Topic
389 Application by Chase Manhattan Bank USA, N.A., Wilmington, Delaware, First Union National Bank, Charlotte, North Carolina, and Wells Fargo Bank, N.A., San Francisco, California, to continue to invest in a limited liability Company, Spectrum EBP, LLC. (Control Number 2000 WO 08 0004), 05/19/2000

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.

Letter No. Topic
390 Fulton Financial Advisors, National Association, Lancaster, Pennsylvania, (Control Number 1999 NE 01 00024), 05/01/2000
391 Kilgore National Bank, Kilgore, Texas, (Control Number 2000 SW 01 0001), 05/08/2000
392 Mission Oaks National Bank, Temecula, California, (Control Number 2000 WE 01 0001), 05/08/2000
393 The National Bank of Georgia, Athens, Georgia, (Control Number 1999 SE 01 014), 05/09/2000
394 Lowcountry National Bank, Beaufort, South Carolina, (Control Number 1999 SE 01 012), 05/10/2000
395 Security National Trust Co., Wheeling, West Virginia, (Control Number 2000 NE 01 0015), 05/10/2000
396 NBC National Bank, Knoxville, Tennessee, (Control Number 2000 SE 01 003), 05/12/2000
397 U.S. Bank Trust, National Association, Wilmington, Delaware, (Control Number 2000 MW 01 008), 05/17/2000
398 InterBank, National Association, Fredericksburg, Virginia, (Control Number 1999 NE 01 033), 06/06/2000
399 Great Lakes Trust Company, National Association, (Control Number 2000 CE 01 004), 05/18/2000
400 United National Bank, Cairo, Georgia, (Control Number 1999 SE 01 025), 05/26/2000
401 Peoples Heritage Bank, National Association, Portland, Maine, (Control Number 2000 NE 01 0015), 05/26/2000
402 First National Bank, Creede, Colorado, (Control Number 2000 WE 01 004), 05/30/2000
403 F & M Community Bank, National Association, Chatfield, Minnesota, (Control Number 2000 MW 01 007), 06/01/2000
404 CenterBank of Jacksonville, National Association, Jacksonville, Florida, (Control Number 2000 SE 01 007), 05/30/2000

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2000-50, 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 May 15 through June 14.

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.