Wholesale and Limited Purpose Banks
under the
Community Reinvestment Act
Updated June 30, 2004
Under the Community Reinvestment Act, a bank may
apply to its primary federal regulator to be designated a wholesale or a limited purpose
bank. Such banks are evaluated for performance under standards found at 12 CFR 25.25. The regulation offers the following
definitions:
Limited purpose bank means a bank that
offers only a narrow product line (such as credit card or motor vehicle loans) to a
regional or broader market and for which a designation as a limited purpose bank is in
effect. Limited purpose banks are identified as LP in the TYPE column in the table
below.
Wholesale bank means a bank that is not in
the business of extending home mortgage, small business, small farm, or consumer loans to
retail customers, and for which a designation as a wholesale bank is in effect.
Wholesale banks are identified as WH in the TYPE column in the table below.
The following national banks have been
designated as wholesale or limited purpose banks by the OCC:
| LP or
WH |
Bank
Name |
State |
City |
Ch No. |
Decision
Date |
| LP |
Dillard National Bank |
AZ |
Gilbert |
18777 |
2/13/1996 |
| LP |
Direct Merchants Credit Card Bank, N.A. |
AZ |
Scottsdale |
22734 |
3/19/1996 |
| LP |
Bank of America, N.A. (USA) |
AZ |
Phoenix |
22106 |
3/9/1998 |
| WH |
Wells Fargo HSBC Trade Bank, N.A. |
CA |
San Francisco |
22897 |
1/8/1996 |
| WH |
Northern Trust Bank of CA, N.A. |
CA |
Los Angeles |
17751 |
1/15/1997 |
| WH |
J. P. Morgan Trust Company, N.A. |
CA |
Los Angeles |
23470 |
2/19/1998 |
| WH |
California First National Bank (f/k/a Hutton National Bank) |
CA |
Santa Ana |
23925 |
4/13/2000 |
| WH |
Superior Savings of New England, N.A. |
CT |
Branford |
24099 |
6/13/2000 |
| WH |
U.S. Trust Company, N.A |
CT |
Greenwich |
22413 |
6/6/1996 |
| LP |
MBNA America Bank, N.A. |
DE |
Wilmington |
22381 |
1/5/1996 |
| LP |
Bank One, Delaware, N.A., (f/k/a First USA Bank, N.A., f/k/a FCC National
Bank) |
DE |
Wilmington |
17762 |
8/7/1997 |
| LP |
TCM Bank, N.A. |
FL |
Tampa |
23363 |
9/11/1997 |
| WH |
Pacific National Bank |
FL |
Miami |
20010 |
1/16/1996 |
| WH |
Deutsche Bank Florida, N.A. f/k/a Bankers Trust Florida, N.A. |
FL |
Palm Beach |
17112 |
4/16/1996 |
| WH |
Pinebank, N.A. |
FL |
Miami |
23181 |
12/12/1996 |
| LP |
Infibank, N.A. |
GA |
Atlanta |
24308 |
11/15/2001 |
| LP |
First North American National Bank |
GA |
Kennesaw |
22196 |
2/8/1996 |
| LP |
Cedar Hill National Bank |
GA |
Lawrenceville |
23323 |
9/11/1997 |
| LP |
Belk National Bank |
GA |
Lawrenceville |
23726 |
9/11/1998 |
| WH |
Corus Bank, N.A. |
IL |
Chicago |
23005 |
8/9/2002 |
| WH |
Mellon Trust of New England, N.A. |
MA |
Boston |
24412 |
3/10/2003 |
| LP |
Pier 1 National Bank (f/k/a Texaco Credit Card
Bank, N.A.) |
NE |
Omaha |
22568 |
3/25/1996 |
| LP |
Commerce Bank, N.A. |
NE |
Omaha |
20500 |
10/9/1996 |
| LP |
UMB U.S.A., N.A. |
NE |
Falls City |
22974 |
5/27/1997 |
| LP |
Providian National Bank (f/k/a First Deposit
National Bank) |
NH |
Tilton |
01333 |
4/19/1996 |
| LP |
Harris Bank (NH), N.A. (f/k/a BankBoston (NH),
N.A.) |
NH |
Nashua |
23239 |
7/9/1997 |
| LP |
DSRM National Bank |
NM |
Albuquerque |
23097 |
6/28/1996 |
| LP |
Household Bank (SB), N.A. |
NV |
Las Vegas |
22675 |
2/12/1996 |
| LP |
First National Bank of Marin |
NV |
Las Vegas |
20291 |
6/28/1996 |
| LP |
Citibank (Nevada), N.A. |
NV |
Las Vegas |
20484 |
8/2/2002 |
| LP |
Wells Fargo Financial National Bank (f/k/a Dial National Bank) |
NV |
Las Vegas |
21099 |
7/9/1997 |
| LP |
M&T Bank, N.A. |
NY |
Oakfield |
22859 |
3/12/1996 |
| WH |
Delta National Bank and Trust Company of New
York |
NY |
New York |
20547 |
5/16/1996 |
| WH |
Arab Bank, PLC (Federal Branch) |
NY |
New York |
80056 |
5/21/1996 |
| WH |
Bank of China (Federal Branch) |
NY |
New York |
80028 |
10/18/1996 |
| WH |
Bank of China (Federal Branch) |
NY |
New York |
80091 |
10/18/1996 |
| WH |
Safra National Bank of New York |
NY |
New York |
20948 |
5/21/1997 |
| WH |
Sterling National Bank |
NY |
New York |
13295 |
2/22/2001 |
| WH |
Excel Bank, N.A. |
NY |
New York |
16629 |
6/1/2001 |
| LP |
May National Bank of Ohio |
OH |
Lorain |
21922 |
1/23/1996 |
| LP |
Credit First N.A. |
OH |
Brook Park |
22594 |
1/31/1996 |
| LP |
World Financial Network National Bank |
OH |
Gahanna |
21739 |
3/19/1996 |
| LP |
Spirit of America National Bank |
OH |
Milford |
22183 |
8/15/1996 |
| LP |
First Consumers National Bank |
OR |
Lake Oswego |
21688 |
5/21/1998 |
| WH |
Mellon Bank, N.A. |
PA |
Pittsburgh |
6301 |
7/19/2002 |
| LP |
Fleet Bank (RI), N.A. |
RI |
Providence |
23536 |
10/14/1997 |
| LP |
Talbots Classics National Bank |
RI |
Lincoln |
24015 |
3/31/2000 |
| LP |
Citibank USA, N.A. |
SD |
Sioux Falls |
24281 |
9/21/2001 |
| LP |
Citibank (South Dakota), N.A. |
SD |
Sioux Falls |
16971 |
1/24/1996 |
| LP |
Retailers National Bank |
SD |
Sioux Falls |
22549 |
1/26/1996 |
| LP |
Axsys National Bank (f/k/a Fingerhut National
Bank) |
SD |
Sioux Falls |
23083 |
7/18/1996 |
| LP |
CrediCard National Bank |
TX |
Olmos Park |
23401 |
7/30/1997 |
| LP |
American Investment Bank, N.A. |
UT |
Salt Lake City |
18174 |
1/23/1996 |
| LP |
Chevron Credit Bank, N.A. |
UT |
Murray |
23139 |
6/28/1996 |
| WH |
Wells Fargo Bank Northwest, N.A. |
UT |
Ogden |
2597 |
12/8/2003 |
| LP |
First Citizens Bank, N.A. |
VA |
Roanoke |
24344 |
9/4/2002 |
|
