Subject: Suspicious Transactions
Date: February 6, 1998
Description: Industrial Bank, Inc.
Suspicious Transactions: Industrial Bank, Inc.
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 Counsel and Examining Personnel
The Office of the Registrar of International and Foreign Companies, Samoa, has informed the Office of the Comptroller of the Currency that the following restricted, offshore banking license has been canceled effective January 30, 1998:
Industrial Bank, Inc.
Any information which you may have concerning this matter should be brought to the attention of:
Office of the Comptroller of the Currency
Daniel P. Stipano