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Alert 2005-1
Description: Sunra International Bank & Trust Corporation, Republic of Palau, License Revocation

Revocation of Banking License, Sunra International Bank & Trust Corporation, Republic of Palau

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); Assistant Deputy Comptrollers; District Counsel and Examining Personnel

The Financial Institutions Commission, Republic of Palau, has advised the Office of the Comptroller of the Currency that it revoked the banking license of Sunra International Bank & Trust Corporation (Sunra) on January 6, 2005.  The commission advised that Sunra is immediately barred from performing any banking and related financial activities but has been granted 30 days from the date of license revocation to cease its operations.

Any information or questions that you may have concerning this matter should be brought to the attention of:

Mail:G. Semdiu Decherong, Executive Commissioner
Financial Institutions Commission
PO Box 10243,
Koror, Republic of Palau 96940
Phone:(680) 488-3560
Fax:(680) 488-3564
E-mail:fic@palaunet.com
Internet:http://www.occ.gov
E-mail:occalertresponses@occ.treas.gov
Mail:Office of the Comptroller of the Currency
Enforcement & Compliance Division, MS 8-10
250 E Street, SW, Washington, DC 20219
Fax:(202) 874-5301

 

Brian C. McCormally
Director
Enforcement & Compliance Division