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Interpretations and Actions: May 2012

Vol. 25, No. 5

Corporate Decisions

Letter No. Topic
2012-09 (PDF) Application by Northfield Bank, Staten Island, New York to purchase certain assets and assume certain liabilities of First State Bank, Cranford, New Jersey, from the Federal Deposit Insurance Corporation (Control Number R1-2011-0160), 10/31/2011
2012-10 (PDF) Application to establish messenger service branches to operate in the counties of Blue Earth, Nicollet, portions of St. Louis County; and the counties of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Sherburne, Washington, Wright, Benton, and Stearns and portions of Rice, all located in the state of Minnesota (Control Numbers 2011 CE 05 163, 164, & 165), 04/104/2012

Conditional Approvals

Letter No. Topic
1029 (PDF) Application filed on behalf of Heartland Bank, St. Louis, Missouri, for the establishment of a wholly-owned operating subsidiary, Love Funding Corporation, headquartered in Washington, D.C., engaged in the origination of FHA commercial mortgage loans to be sold as GNMA securities. (Control Number R4-2011-0185), 03/29/2012
1030 (PDF) Notification of merger, as amended, of BankAtlantic, Fort Lauderdale, Florida, with and into Branch Banking and Trust Company, Winston-Salem, North Carolina, and Bank Atlantic's application for capital distribution, as amended, proposing to make a capital distribution to BankAtlantic Bancorp, Inc. of approximately $623.6 million (Control Numbers R2-2011-0187 & 0188), 04/04/2012
1031 (PDF) Application by First Niagara Bank, National Association, Buffalo, New York, to purchase certain assets and assume certain liabilities of HSBC Bank (USA), National Association, McLean, Virginia (Control Number 2012 NE 02 0026), 04/06/2012
1032 (PDF) Application by HSBC Bank Nevada, National Association, Las Vegas, Nevada ("HSBC Bank Nevada") for approval of a fundamental change in its asset composition under 12 C.F.R. ยง 5.53. HSBC Bank Nevada will sell certain assets to HSBC USA, N.A., McLean, Virginia ("HBUS"), and it will sell substantially all of its remaining assets to Capital One Bank, N.A., McLean, Virginia and Capital One Bank (USA), N.A., Glen Allen, Virginia (Control Number 2011 NE 12 0237), 04/16/2012
1033 (PDF) Application by Keybank National Association, Cleveland, Ohio, to purchase certain assets and assume certain liabilities of HSBC Bank (USA), National Association, McLean, Virginia (Control Number 2012 NE 02 009), 04/18/2012

Final Enforcement Actions

Enclosed is a copy of the OCC's news release number 2012-79, 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

PLEASE NOTE: the OCC is changing the time periods covered in its list of CRA evaluations. Going forward, the OCC will release evaluations that became public during the previous month. The next CRA list will appear in June's online publication and will include CRA evaluations covering April 15 through May 31. The July list will cover the evaluations becoming public during the time period of June 1-30.

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.