Alert 1998-4 | February 6, 1998

Suspicious Transactions: Industrial Bank, Inc.

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 Counsel and Examining Personnel

The Office of the Registrar of International and Foreign Companies, Samoa, has informed the Office of the Comptroller of the Currency that the following restricted, offshore banking license has been canceled effective January 30, 1998:

Industrial Bank, Inc.

Any information which you may have concerning this matter should be brought to the attention of:

Office of the Comptroller of the Currency
Enforcement & Compliance Division
250 E Street, SW
Washington, DC 20219
Fax (202) 874-5301

Daniel P. Stipano
Director
Enforcement & Compliance Division

Topic(s):

Suspicious Activity Reports (SAR)