Alert 1996-34 | October 1, 1996

Unauthorized Banking: Investment Credit Bank of National Commerce and Bank of National Commerce

To

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

Information has been received that the subject entities may be operating a bank business in the United States without authorization. The Office of the Comptroller pf the Currency has not granted national bank charters to these entities. Further, the Washington Division of Banking has advised that the subject entities have not been granted permission to operate in Washington.

Any information which you may have concerning this matter should be brought to 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

Topic(s):

Unauthorized Banking