Subject: Unauthorized Banking
Date: April 19, 1996
Description: Lifeguard Bancorp Ltd.
Unauthorized Banking: Lifeguard Bancorp Ltd.
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 Nevada, Financial Institutions Division has advised that the subject entity has not been granted permission to operate in Nevada. 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