Alert 2004-25 | December 22, 2004

Unauthorized Banking: Malibu 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); Assistant Deputy Comptrollers; District Counsel and Examining Personnel

The Office of the Comptroller of the Currency (OCC) has been advised that the California Commissioner of Financial Institutions has issued a cease and desist order to Malibu Trust Company, directing it to cease doing business in California without a license. Neither the State of California nor the OCC has issued a charter or license to Malibu Trust Company.

Accordingly, Malibu Trust Company is not authorized to transact business as a bank and, pursuant to relevant California statutes, it is not authorized to transact trust business using a name that contains the word "trust." All persons who have engaged in business with Malibu Trust Company with the understanding that the company is a licensed bank or trust company are asked to contact the:

California Department of Financial Institutions
Legal Division, San Francisco, CA
(415) 263-8528

Any information that you wish to provide to the OCC, should be brought to the attention of:

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
Internet:	http://www.occ.treas.gov
Email:	occalertresponses@occ.treas.gov

Brian C. McCormally
Director
Enforcement & Compliance Division

Topic(s):

Unauthorized Banking