Alert 1998-2 | January 12, 1998

Suspicious Transactions: Cancelled OffshoreBank Licenses-Naum

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 Nauru Agency Corporation of the Republic of Nauru has informed the Office of the Comptroller of the Currency that the following bank licenses have been revoked:

United Bank and Trust Company, Inc.
Greater International Bank Corp.
Commercial Intercontinental 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)