Subject: Unauthorized Banking
Date: March 12, 1999
Description: South Atlantic International Bank, Ltd.
Unauthorized Banking: South Atlantic International Bank, 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; District Counsel and Examining Personnel
The Assistant Secretary, Financial Services Centre, Government of Montserrat, has informed the Office of the Comptroller of the Currency that the following company's
South Atlantic International Bank, Limited, f/n/a
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