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Interpretations and Actions: November 2009

Vol. 22, No. 11

Community Development Investment Letters

Letter No. Topic
2009-1 Investment in fund for solar energy producing facilities - A national bank may make an equity investment to acquire a membership interest in a fund (the Company) established as a limited liability company that will master lease a solar energy project financed by the Company. The managing member of the Company is a renewable energy utility company that designed, installed, insured, and maintained customized solar systems for industrial, commercial, and municipal enterprises. The investment primarily benefits low- and moderate-income areas. 02/17/2009

Corporate Decisions

Letter No. Topic
2009-18 Application by The Huntington National Bank, Columbus, Ohio, to acquire from the Federal Deposit Insurance Corporation (FDIC) as receiver, certain deposits and certain liabilities of Warren Bank, Warren, Michigan (Control Number 2009-CE-02-039), 10/02/2009
2009-19 Application by TD Bank, National Association, Wilmington, Delaware, to establish a branch at 231 County Road, Barrington, Rhode Island (Control Number 2009-NE-05-0125), 10/22/2009
2009-20 Application by Tri City National Bank, Oak Creek, Wisconsin, to acquire from the Federal Deposit Insurance Corporation (FDIC) as receiver, the assets and liabilities of Bank of Elmwood, Racine, Wisconsin (Control Number 2009-CE-02-041), 10/23/2009

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

Letter No. Topic
925 Application to convert MidAmerica Bank, fsb, Clarendon Hills, Illinois, a federal savings bank, into a national bank to be known as MidAmerica Bank, National Association. Immediately following the conversion, MidAmerica Bank, National Association will merge into National City Bank, Cleveland, Ohio with the latter as the surviving entity (Control Numbers 2007-CE-01-0008 & 2007-CE-020014), 02/08/2008
926 Application by The Citizens National Bank of Akron, Akron, Colorado to establish a branch at 1 South Nevada Avenue, Suite 100, Colorado Springs, Colorado and the application to change the composition of all, or substantially all, of its assets by sale to The Farmers State Bank of Brush, Brush, Colorado (Control Numbers 2009 WE 05 0042 & 2009 WE 12 0202), 10/05/2009
927 Application to establish a new national bank with the title of New Horizon Bank, National Association, Powhatan, Virginia (Control Number 2008 NE 01 0002), 10/06/2009
928 Application to merge National City Bank, Cleveland, Ohio, with and into PNC Bank, National Association, Wilmington, Delaware (Control Number 2009 NE 02 0017), 10/27/2009
929 Application by World Financial Network National Bank, Columbus, Ohio, to purchase substantially all the assets, all the deposits, and certain liabilities of Spirit of America National Bank, Milford, Ohio (Control Number 2009 WE 02 0019), 10/15/2009
930 Application to merge the First National Bank of the Gulf Coast, Naples, Florida, with and into Panther Community Bank, National Association, Lehigh Acres, Florida (Control Number 2009 SO 02 0005), 10/23/2009

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2009-144, announcing the availability of enforcement actions. Copies of the final actions are available by writing to the OCC, Communications Division, Mail Stop 2-3, Washington, D.C. 20219. You may also submit your request electronically through the OCC's online FOIA site or fax your request to (202)-874-5274. 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 October 15, 2009 through November 14, 2009.

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 Activities. 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: Communications Division, Mail Stop 2-3, Washington, D.C. 20219; by fax to (202) 874-5274; or electronically at the OCC's online FOIA site. 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 $200 per year by writing to the Comptroller of the Currency, ATTN: Financial Management, Accounts Receivable, Mail Stop FM-2, 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 2-3, Washington, DC 20219.