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Interpretations and Actions: February 2007

Vol. 20, No. 2

Interpretive Letters

Letter No. Topic
1077 Letter concludes that Banks can hold a non-controlling investment in company that sells fraud prevention, identity verification, credential validation, and payment/deposit risk services to financial institutions, credit card issuers, check acceptance companies, brokerage firms, mutual fund companies, retailers, government agencies, and others. These investments are permissible under 12 U.S.C. ยง 24(Seventh). 01/11/2007

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

Letter No. Topic
779 Application to establish a new national bank with the title of "Infinity National Bank," Tempe, Arizona (Control Number 2005 WE 01 015), 01/09/2007
780 Application to establish a new national bank with the title of "Calusa National Bank," Punta Gorda, Florida (Control Number 2006 SO 01 0018), 01/09/2007
781 Application to establish a new national bank with the title of "Nevada National Bank," Las Vegas, Nevada (Control Number 2006 SO 01 0010), 01/09/2007
782 Application to convert Encore Bank, Houston, Texas to a national bank with the title of "Encore Bank, National Association," and to relocate its main office to Naples, Florida (Control Number 2006 SO 01 0023), 01/11/2007
783 Application by TD BankNorth, National Association, Portland, Maine, to relocate their High Street branch to 400 East Market Street, West Chester, Chester County, Pennsylvania (Control Number 2006 NE 07 0036), 01/12/2007
784 Application to establish a new national bank with the title of " American Plus Bank, National Association," Arcadia, California (Control Number 2006 WE 01 0016), 01/18/2007
785 Application to merge Computershare Trust Company of New York and Computershare Trust Company, Inc., into Computershare Trust Company, N.A., Canton, Massachusetts (Control Number 2006 NE 02 0025), 01/30/2007 AMENDS Conditional Approval #716

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2007-12, 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, 2007 through February 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 more timely 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.