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Interpretations and Actions: November 2000

Vol. 13, No. 11

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
897 Letter confirms that a national bank may acquire a non-controlling investment in a SEC registered investment advisory company when the investment advisory company owns limited equity interests in investment funds to which it provides services. 10/23/2000

Corporate Decisions

Letter No. Topic
2000-18 Applications of First National Bank in Brookings, Brookings, South Dakota, and First National Bank in Garretson, Garretson, South Dakota. (Control Numbers 2000 MW 02 030, 2000 MW 05 0090, 2000 MW 07 015, & 2000 MW 02 034), 09/01/2000
2000-19 Application of The First National Bank of Manchester, Manchester, Kentucky, to establish a branch at 403 North Main Street, London, Kentucky. (Control Number 2000 CE 05 088), 09/15/2000
2000-20 Application for the Liberty National Bank, Paris, Texas, to purchase the assets and assume the liabilities of the Paris, Texas branch of Guaranty Federal Bank, F.S.B., Dallas, Texas. (Control Number 2000 SW 02 0029), 10/02/2000

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

Letter No. Topic
415 Application by The Trust Company of Louisiana, Ruston, Louisiana to convert to a national trust bank under the title of "National Independent Trust Company" and exercise fiduciary powers. (Control Numbers 2000 SW 01 0010 & 2000 SW 12 0154), 10/16/2000
416 Application to establish a new national bank with the title of "CalNet Bank, National Association," Sacramento, California. (Control Number 2000 WE 12 0082), 08/20/2000

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
417 Boone National Bank, Corbin, Kentucky, (Control Number 2000 CE 01 011) 09/29/2000
418 Ohio Legacy Bank, National Association, Wooster, Ohio, (Control Number 1999 CE 01 006), 10/03/2000
419 Canyon Community Bank, National Association, Tuscon, Arizona, (Control Number 2000 WE 01 003), 10/06/2000
420 Mississippi National Banker's Bank, Ridgeland, Mississippi, (Control Number 2000 SW 01 0017), 10/23/2000
421 Advantage National Bank, Chicago, Illinois, (Control Number 2000 CE 01 0013), 10/24/2000
422 Pacific Generations Bank, National Association, Los Angeles, California, (Control Number 2000 WE 01 0016, 10/25/2000
423 Nicolet National Bank, Green Bay, Wisconsin, (Control Number 2000 CE 01 007), 10/27/2000

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2000-86, 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 October 15 through November 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.