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Interpretations and Actions: February 2001

Vol. 14, No. 2

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
904 Letter confirms the legal permissibility of a finder proposal from a bank to help arrange for the purchase of nonfinancial products by its credit card customers. 01/18/2001
905 Bank may retain shares of stock in life insurance company that it received as a result of being policyholder of mutual company that converted to stock form. 01/29/2001

Corporate Decisions

Letter No. Topic
2001-02 Application to merge the Cameron Savings & Loan Association, Cameron, Missouri, into Bank Midwest, National Association, Kansas City, Missouri, under the charter and title of Bank Midwest, National Association. (Control Number 2000 MW 02 048), 12/19/2000
2001-03 Proposal by Grand Bank, National Association to relocate the main office from Monmouth Junction, New Jersey, to Bridgewater, New Jersey, and retain the former main office location as a branch. (Control Numbers 2000 NE 07 040 & 2000 NE 05 144), 1/29/2001

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
445 SouthBank, National Association, Atlanta, Georgia, (Control Number 2000 SE 01 0013), 1/02/2001
446 Eastside Commercial Bank, National Association, Bellevue, Washington, (Control Number 2000 WE 01 021), 1/09/2001
447 National Bank of Gainesville, Gainesville, Georgia, (Control Number 2000 SE 01 0014), 1/22/2001
448 American State Bank & Trust Company, National Association, Great Bend, Kansas, (Control Number 2000 MW 01 015), 1/31/2001

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2001-16, 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 January 15 through February 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.