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Interpretations and Actions: August 2015

Vol. 28, No. 8

CRA Decisions

Letter No. Topic
168 (PDF) Application to merge CIT Bank, Salt Lake City, Utah, with and into OneWest Bank, N.A., Pasadena, California, and request for waiver of residency requirement (Control Numbers: 2014-WE-Combination-139872 and 2015-WE-DirectorWaiver-141909), 07/21/2015

Conditional Approvals

Letter No. Topic
1125 (PDF) Transfer of Assets Application, the Capital Distribution Application, and the Voluntary Dissolution Application filed by SOUTHBank, A Federal Savings Bank, Palm Beach Gardens, Florida (Control Numbers: 2015-HQ-5.53-144131, 2015-HQ-Cap&Div-144193, and 2015-HQ-Termination-144130), 07/23/2015

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2015-108 announcing all CRA performance evaluations that became public from July 1, 2015, through July 31, 2015. A search of all public CRA evaluations can be done at http://apps.occ.gov/crasearch/default.aspx.

Final Enforcement Actions

See OCC News Release 2015-116 announcing the availability of enforcement actions. All final enforcement actions are searchable at http://apps.occ.gov/EnforcementActions/.

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, Disclosure Services, Communications Division, OCC, 400 7th Street, SW, Suite 3E-218, Washington, DC 20219. You may also submit a request electronically at the OCC’s online FOIA site, https://foia-pal.occ.gov/palMain.aspx. 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, Washington, DC 20219.