845 Letter concludes that a national bank may establish an operating subsidiary to serve as a captive insurance company for the purpose of underwriting insurance coverages on the operating risks of the parent bank and its affiliates. Topic 98-45 Application by Community National Bank, Alva, Oklahoma, to elect the corporate governance provisions of Oklahoma law and complete a reverse stock split in accordance with those provisions. Copies of the final actions are available by writing to the OCC, Public Reference Room, Mailstop 1-5, Washington, D.C. 20219. When ordering, specify the appropriate Enforcement Action Number. Performance Evaluations Enclosed is a list of CRA performance evaluations that became public during the period of October 15 through November 14.
Prepayment is requested.
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