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Interpretations and Actions: July 2007

Vol. 20, No. 7

Interpretive Letters

Letter No. Topic
1084 Letter denies Bank's request for a no-action letter for noncompliance with the requirement to prepare a Registration Statement under Part 16, but grants Bank's request for noncompliance with the continuing reporting requirements of 12 C.F.R. 16.20, in connection with sale of stock underlying exercise of warrants. 04/30/2007

Corporate Decisions

Letter No. Topic
2007-06 Change in Bank control of Sky Trust , National Association, Pepper Pike, Ohio, by Huntington Bancshares Incorporated and Penguin Acquisition, LLC (Control Number 2007 CE 11 001), 04/19/2007

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

Letter No. Topic
806 Applications by South Bay Bank, National Association, Torrance, California, to relocate the main office; establish a branch at the former main office location; to sell substantially all of its assets and liabilities to First California Bank, Camarillo, California; and to reduce its capital. (Control Numbers 2007 WE 07 022, 2007 WE 05 0064, 2007 WE 12 0086, & 2007 WE 12 0090), 06/04/2007
807 Application by nBank, National Association, Commerce, Georgia for a change in the composition of its assets; and to merge nBank, National Association into nBank Corp, Commerce Georgia and to terminate its national bank status (Control Numbers 2007 SO 12 0083, 2007 SO 12 0084, & 2007 SO 09 0010), 06/08/2007
808 Application to establish a new national bank with the title of "Southern California National Bank," New Port Beach, California (Control Number 2007 WE 01 0003), 06/12/2007
809 Application to reorganize Borrego Springs Bank, N.A., Borrego Springs, California to become a subsidiary of a bank holding company (Control Number 2007 WE 12 0084), 06/21/2007

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2007-74, 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 June 15, 2007 through July 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.