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Interpretations and Actions: April 2015

Vol. 28, No. 4

Supervisory Conditions

Letter No. Topic
2015-08 (PDF) Colombo Bank, Rockville, Maryland – Notification of No Supervisory Objection to Business and Capital Plans 03/27/2015

Corporate Decisions

Letter No. Topic
2015-03 (PDF)

Applications by Armed Forces Bank, National Association, Fort Leavenworth, Kansas: (1) to merge Armed Forces Bank of California, National Association, San Diego, California, with and into Armed Forces Bank, National Association and (2) for reduction of permanent capital. (Control Numbers: 2014-HQ-Combination-4140802 & 2014-HQ-Capital&Div-140915), 03/09/201; and

Applications filed by Academy Bank, National Association, Colorado Springs, Colorado: (1) to merge Southern Commerce Bank, National Association, Tampa, Florida and SunBank, National Association, Phoenix, Arizona, with and into Academy Bank, National Association; (3) to establish de novo branch offices in Bonner Springs, Kansas, and Springfield, Missouri; and (5) to purchase certain assets and assume certain liabilities of Armed Forces Bank, National Association, Fort Leavenworth, Kansas. (Control Numbers: 2014-HQ-Combination-4140804, 140806 & 140807; 2014-HQ-BranchNew-140704 & 140705), 03/09/2015

2015-04 (PDF)

Application by Commonwealth Bank, F.S.B., Mt. Sterling, Kentucky, to convert to a federally chartered stock savings association and to make a capital distribution. (Control Number: R2-2015-0001), 03/31/2015

2015-05 (PDF)

Application by Town Square Bank, Ashland, Kentucky, to merge Commonwealth Bank, F.S.B., Mt. Sterling, Kentucky, into Town Square Bank, Ashland, Kentucky. (Control Number: R2-2014-089), 03/31/2015

Conditional Approvals

Letter No. Topic
1121 (PDF) Applications by WPS Community Bank, FSB, Madison, Wisconsin, for Transfer of Assets, Capital Distribution, and Voluntary Dissolution. (Control Numbers: RE-2015-0006, 0007, & 0024), 03/15/2015
1122 (PDF) Notice of preferred stock terms and application to prepay subordinated debt field by HSBC Bank, National Association, McLean, Virginia. (Control Numbers: 2015-Capital&Div-141890 & 141891), 03/19/2015
1123 (PDF) Application by Toronto-Dominion Bank, Toronto, Canada, to convert its State branch located at 31 West 52nd Street, New York, New York, to a Federal branch. (Control Number: 2015-NE-141492), 03/26/2015

Final Enforcement Actions

See OCC News Release 2015-57 announcing the availability of enforcement actions. All final enforcement actions are searchable.

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2015-54 announcing all CRA performance evaluations that became public from March 1, 2015, through March 31, 2015. 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.