Interpretations and Actions: March 2024

Vol. 37, No. 3

Conditional Approval Letters

Letter No.	Topic
1317	Application to establish a new national trust bank, which will engage solely in fiduciary activities, with the title of Paycom National Trust Bank, Oklahoma City, Oklahoma (Control No. 2022-SO-Charter-329742, 02/01/2024)
1318	Application to establish a new national trust bank with the title of FundBank, National Association, Austin, Texas, and request for waiver of citizenship requirements and residency requirements for FundBank pursuant to 12 USC 72 (Control Nos. 2023-Charter-332228,2023-Waiver-332787, & 2023-Waiver-332790, 02/15/2024)

Community Reinvestment Act (CRA) Performance Evaluations

See OCC News Release 2024-22 announcing the CRA performance evaluations that became public from February 1, 2024, through February 29, 2024. A search of all public CRA evaluations can be done at http://apps.occ.gov/crasearch/default.aspx.

Final Enforcement Actions

See OCC News Release 2024-28 announcing the availability of enforcement actions. All final enforcement actions are searchable at http://apps.occ.gov/EnforcementActions/.

PLEASE NOTE: Interpretive Letters and No-Objection Letters reflect the views of the Office of the Comptroller of the Currency’s (OCC) legal staff. Corporate Decisions, CRA Decisions and Conditional Approvals are from the office of Licensing Activities. The Community Development Investment Letters are from the office of Community Affairs. The Supervisory Conditions Letters are from the Special Supervision Division. The list of CRA Ratings is from the Communications Division.

If you are unable retrieve the CRA evaluations or enforcement actions online, you can submit a request to obtain copies at the OCC’s online FOIA site, https://foia-pal.occ.gov/palMain.aspx. Please provide all identifying information when requesting documents. You may also contact the bank directly for copies of the CRA evaluations.

The OCC publishes INTERPRETATIONS AND ACTIONS monthly. Send suggestions, comments or questions to Jacqueline England, Disclosure Services, Communications Division, OCC, 400 7^th Street, SW, Suite 3E-218, Washington, DC 20219.