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Interpretations and Actions: April 2007

Vol. 20, No. 4

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

Letter No. Topic
791 Application to charter a new national bank with the title of "SunBank, National Association," Kansas City, Missouri (Control Number 2007 WE 01 0057), 03/13/2007
792 Applications by First National Bank of Lake City & Creede, Lake City, Colorado, to change the composition of all, or substantially all, of its assets by sale to Pine River Valley Bank, Bayfield, Colorado; to establish a branch at 999 18th Street, Suite 2460, Denver, Colorado; and to reduce its permanent capital (Control Numbers 2007 WE 12 0006, 2007 WE 05 0005, & 2006 WE 12 0064), 03/14/2007
793 Application to establish a new national bank with the title of "Solera National Bank," Lakewood, Colorado (Control Number 2006 WE 01 023), 03/20/2007
794 Application by PNC Bank, National Association, Pittsburgh, Pennsylvania for (1) prior approval to have qualify as Tier 1 capital minority interests created as a result of the sale of perpetual preferred Series B securities of between $500 and $700 million to an outside investor and (2) approval of the redemption of an equal amount of bank preferred securities that currently qualify as a component of the Bank's Tier 1 capital subject to quantitative limits (Control Number 2007 NE 12 0047), 03/20/2007
795 Application to establish a new national bank with the title of "Opportunity Bank, National Association," Bettendorf, Iowa and to establish a messenger service branch (Control Numbers 2006 SO 01 0029 & 2006 SO 05 0716), 03/30/2007
796 Application to establish a new national bank with the title of "First Bank of Commerce, National Association," Scottsboro, Alabama and to establish a branch at 383 McCurdy Avenue, North, Rainsville, Alabama (Control Numbers 2006 SO 01 0024 & 2006 SO 05 0554), 03/30/2007

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2007-39, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Public Information Room, Mail Stop 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 March 15, 2007 through April 14, 2007.

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 Licensing. The Community Development Investment Letters are from the office of Community Affairs. 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 timelier manner.

The Office of the Comptroller of the Currency publishes INTERPRETATIONS AND ACTIONS monthly. Subscriptions are available at a rate of $175 per year by writing to the Comptroller of the Currency, ATTN: Accounts Receivable, Mail Stop 4-8, 250 E Street, S.W., Washington, DC 20219. Prepayment is requested. Suggestions, comments or questions may be sent to Jacqueline J. England, Comptroller of the Currency, Communications Division, Mail Stop 3-2, Washington, DC 20219.