Subject: Unauthorized Banking
Date: March 27, 1996
Description: Sofi International Bank, N.A.
Unauthorized Banking: Sofi International Bank, N.A.
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 Administrators; District Counsel and Examining Personnel
Information has been received that the subject entity may be operating a banking business in the United States without authorization. The Office of the Comptroller of the Currency has not granted a national bank charter to this entity. Further, the State of Florida, Office of Comptroller, Department of Banking and Finance has advised that the subject entity has not been granted permission to operate in Florida. 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