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Wholesale and Limited Purpose Banks under the Community Reinvestment Act

As of January 11, 2012

Under the Community Reinvestment Act, a bank may apply to its primary federal regulator to be designated a wholesale or a limited purpose bank. Such banks are evaluated for performance under standards found at 12 CFR 25.25. The regulation offers the following definitions:

Limited purpose bank means a bank that offers only a narrow product line (such as credit card or motor vehicle loans) to a regional or broader market and for which a designation as a limited purpose bank is in effect.

Wholesale bank means a bank that is not in the business of extending home mortgage, small business, small farm, or consumer loans to retail customers, and for which a designation as a wholesale bank is in effect.

The following banks are currently designated as limited purpose banks:

Bank NameCityStateCharter NumberDecision Date
American Express Bank, FSB

Salt Lake City

UT

715648

10/12/2006

Capital One Bank (USA), National Association

Glen Allen

VA

24828

2/26/2008

Cedar Hill National Bank

Lawrenceville

GA

23323

9/11/1997

Chase Bank USA N.A

Wilmington

DE

23160

8/13/09

Credicard National Bank

Tucson

AZ

23401

7/30/1997

Credit First National Association

Brook Park

OH

22594

1/31/1996

Credit One Bank, National Association (f/k/a First National Bank of Marin

Las Vegas

NV

20291

6/28/1996

Department Stores National Bank*

Sioux Falls

SD

24622

10/21/2005

DSRM National Bank

Albuquerque

NM

23097

6/28/1996

FIA Card Services, National Association (f/k/a MBNA America Bank, National Association)

Wilmington

DE

22381

4/5/2010

First Investors Federal Savings Bank

Edison

NJ

706410

8/1/2006

GE Money Bank

Draper

UT

715044

5/1/2009

HSBC Bank Nevada, National Association (f/k/a Household Bank (SB), National Association)

Las Vegas

NV

22675

2/12/1996

HSBC Trust Company (Delaware), National Association

Wilmington

DE

24601

9/29/2006

RBC Bank (Georgia), National Association (f/k/a First Gulf Bank, National Association)

Atlanta

GA

23416

8/28/2008

Talbots Classics National Bank

Lincoln

RI

24015

3/31/2000

Target National Bank (f/k/a Retailers National Bank)

Sioux Falls

SD

22549

1/26/1996

TCM Bank, National Association

Tampa

FL

23363

9/11/1997

Town North Bank Nevada, National Association

Las Vegas

NV

24576

5/10/2005

Wells Fargo Financial National Bank

Las Vegas

NV

21099

7/9/1997

Wilmington Trust, National Association (f//k/a M&T Bank, National Association)

Wilmington

DE

22859

3/12/1996

World Financial Network National Bank

Gahanna

OH

21739

3/19/1996

* Also operates under a CRA Strategic Plan.

 

The following banks have been designated as wholesale banks by the OCC:

Bank NameCityStateCharter NumberDecision Date
Bank of America Rhode Island, National Association

Providence

RI

24592

10/27/2009

Bank of China

New York

NY

80028

10/18/1996

Bank of China

New York

NY

80091

10/18/1996

BNY Mellon, National Association (f/k/a Mellon Bank, National Association)

Pittsburgh

PA

6301

7/19/2002

California First National Bank

Irvine

CA

23925

4/13/2000

Delta National Bank and Trust Company

New York

NY

20547

5/16/1996

E*Trade United Bank

Arlington

VA

708308

6/5/2009

Intervest National Bank

New York

NY

23712

4/18/2006

Morgan Stanley Bank, N.A.

Salt Lake City

UT

24908

3/10/2009

Pacific National Bank

Miami

FL

20010

 4/20/2011

Prudential Bank and Trust, FSB

Hartford

CT

708672

7/7/1998

Safra National Bank of New York

New York

NY

20948

5/21/1997

Sterling National Bank

New York

NY

13295

2/22/2001

T. Rowe Price Savings Bank

Baltimore

MD

715731

6/5/2000

Wells Fargo Bank Northwest, National Association

Ogden

UT

2597

12/8/2003