Alert 1998-17
Subject: Unauthorized Banking
Date: April 22, 1998 Description: United Funding Bancorporation, Ltd.
Unauthorized Banking: United Funding Bancorporation, 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); Assistant Deputy Comptrollers; and Examining Personnel Information has been received that the subject entity may be operating a banking business in the United States without authorization. Further, the Nevada Financial Institution Division has advised that the subject entity has not been granted permission to operate in Nevada and has issued a Cease and Desist Order. 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
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