ALERT 97-3
Type: Unauthorized Banking    Subject: Atlantic Mutual Savings &                                        Trust Company

TO:  Chief Executive Officers of all National Banks; all State
     Banking Authorities; Chairman, Board of Governors of the
     Federal Reserve System; Chairman, Federal Deposit Insurance
     Corporation; Conference of State Bank Supervisors; Deputy
     Comptrollers (Districts); District Administrators; District
     Counsel and Examining Personnel

RE:  Atlantic Mutual Savings & Trust Company
     PO Box 370
     Churchton, MD   20733-9189

Information has been received that the subject entity may be
operating a banking business in 
the United States without authorization.  Further, the Maryland
Division of Financial Regulation has advised that the subject
entity has not been granted permission to operate in Maryland.  
                    
Any information which you may have concerning this matter should
be brought to the 
attention of:

                    Office of the Comptroller of the Currency
                    Enforcement & Compliance Division
                    250 E Street, SW
                    Washington, DC  202l9
                    Fax (202) 874-5301




                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division
     Date:     January 17, 1997