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Interpretations and Actions: December 2014

Vol. 27, No. 12

Corporate Decisions

Letter No. Topic
2014-07 (PDF) Application by Bank of Southern California, National Association, San Diego, California, to acquire certain assets and assume certain liabilities of Frontier Bank, FSB, Palm Desert, California (Failed Entity). (Control Number: 2014 WE FailureAcq 140395), 11/07/2014

Conditional Approvals

Letter No. Topic
1112 (PDF) Applications by Madison Bank of Maryland, Forest Hill, Maryland, to convert to a Federally chartered stock savings association, make a capital distribution, and establish a stock information center. (Control Numbers: R2-2014-0071 & 0073), 11/12/2014
1113 (PDF) Bulk transfer application, capital distribution application, voluntary dissolution application, and branch closing notification filed on behalf of NJM Bank FSB, West Trenton, New Jersey. (Control Numbers: R1-2014-0042, 0043, & 0044), 11/20/2014
1114 (PDF) Applications by Citizens Bank, National Association, Providence, Rhode Island, for the reduction of $220 million in Tier 1 capital and issuance of $220 million of subordinated debt. (Control Numbers: 2014-NE-Capital&Div-140365 & 2014-NE-Capital&Div-140373), 11/24/2014

Final Enforcement Actions

See OCC News Release 2014-173 announcing the availability of enforcement actions. All final enforcement actions are searchable.

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2014-166 announcing all CRA performance evaluations that became public from November 1, 2014, through November 30, 2014. A search of all public CRA evaluations can be done.

PLEASE NOTE: Interpretive Letters and No-Objection Letters reflect the views of the Office of the Comptroller of the Currency’s (OCC) 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 Supervisory Conditions Letters are from the Special Supervision Division. The list of CRA Ratings is from the Communications Division.

You can obtain copies of CRA evaluations or enforcement actions by writing to the Freedom of Information Act Officer, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219. You may also submit a request electronically at the OCC’s online FOIA site. Please provide all identifying information when requesting documents. You may also contact the bank directly for copies of the CRA evaluations.

The OCC publishes INTERPRETATIONS AND ACTIONS monthly. Send suggestions, comments or questions to Jacqueline England, Disclosure Services, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219.