Interpretations and Actions: March 2021
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Vol. 34, No. 3
Conditional Approvals
| Letter No. | Topic |
|---|---|
| 1258 | Application by Radius Bank, Boston, Massachusetts to convert to a national banking association; application to charter Interim LendingClub Bank, National Association; application to merge LendingClub Bank, National Association, with and into Interim LendingClub Bank, National Association; and the applications for Residency Waivers and Citizenship Waivers (Control Numbers: 2020-WE-Conversion-314475; 2020-WE-Charter-318359; 2020-WE-Combination-318752; 2020-WE-Waiver-315839 & 2020-WE-Waiver-316406), 12/30/2020 |
| 1259 | Application by Protego Trust Company, Seattle, Washington, to convert to a national trust bank operating under the title of Protego Trust Bank, National Association (Control Numbers: 2020-HQ-Conversion-318271 & 2020-WE-Waiver-319182), 02/04/2021 |
| 1260 | Application for the merger of The Fauquier Bank, Warrenton, Virginia with and into Virginia National Bank, Charlottesville, Virginia; and the financial subsidiary certification and notice of the establishment of Fauquier Bank Services, Inc., that was formed for the purpose of holding non-controlling equity interests in Bankers Title Shenandoah, L.L.C. (16.1%), and Bankers Insurance, L.L.C. (2.415%) (Control Numbers: 2020-NE-Combination-318764 & 2020-NE-Subs&Equities-320037), 02/24/2021 |
| 1261 | Application to charter Ceridian National Trust Bank, Minneapolis, Minnesota (Control Number: 2020-NE-Charter-315985), 02/25/2021 |
| 1262 | Application for the consolidation of NH Interim Bank, National Association, Falls Church, Virginia, with New Horizon Bank, National Association, Powhatan, Virginia (Control Number: 2020-NE-Combination-313907), 02/26/2021 |
Community Reinvestment Act (CRA) Performance Evaluations
See OCC News Release 2021-27 announcing all CRA performance evaluations that became public from February 1, 2021 through February 28, 2021. 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 2021-32 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.
If you are unable retrieve the CRA evaluations or enforcement actions online, you can submit a request to obtain copies 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.