Skip navigation
Ensuring a Safe and Sound Federal Banking System for All Americans Site Map | Text Size: S M L


Resources for bankers

Interpretations and Actions: February 2008

Vol. 21, No. 2

Interpretive Letters

Letter No. Topic
1092 Letter states that OCC precedent supports the authority of the existing national bank shareholders of the Bank's holding company to retain their non-controlling investments following the Bank's conversion from a Georgia limited commercial bank charter to a national bank charter because the standards in 12 C.F.R. ยง 5.36 for non-controlling investments by national banks appear to be satisfied. 08/17/2007

Corporate Decisions

Letter No. Topic
2008-01 Application to reorganize Commonwealth National Bank, Mobile, Alabama, to become a wholly-owned subsidiary of CNB Bancorp, Inc., which will be located in Mobile, Alabama (Control Number 2007 SO 12 0259), 12/12/2007

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

Letter No. Topic
833 Application to establish a new national bank with the title of Georgica Bank, National Association, Bridgehampton, New York (Control Number 2007 NE 01 0010), 12/04/2007
834 Application to establish a new national trust bank, UBS Trust Company, National Association (DE), Wilmington, Delaware, to merge UBS Trust Company, National Association, Weehawken, New Jersey with and into UBS Trust Company, National Association (DE), with the resulting bank located in Wilmington, Delaware and surviving under the title and charter of the former (Control Numbers 2007 NE 01 0012 & 02 0024), 12/13/2007
835 Application to establish a new national bank with the title Partners National Bank located in Phoenix, Arizona (Control Number 2007 WE 01 0017), 12/14/2007
836 Application to establish an interim bank, Invesco Interim National Association, Atlanta, Georgia, merge Invesco Interim National Association with Atlantic Trust Company, National Association, Chicago, Illinois, and subsequently merge the resulting bank with INVESCO National Trust Company, Atlanta, Georgia under INVESCO's charter with the title "Invesco National Trust Company and reduce the capital surplus of Invesco National Trust Company by $35 million (Control Numbers 2007 NE 02 0026 & 12 0259), 12/20/2007

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2008-21, 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 January 15, 2008 through February 14, 2008.

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.