ALERT 97-4
Type: Unauthorized Banking  Subject: First Sovereign Bank & Trust
                                     Company

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 Administrators; District
     Counsel and Examining Personnel

RE:  First Sovereign Bank & Trust Company
     9646 Pennsylvania Avenue
     Upper Marlboro, MD  20772


Information has been received that the subject entity may be
operating a banking business in 
the United States without authorization.  Further, the Maryland
Division of Financial Regulation has advised that it has not
issued a bank charter to this entity.  
                    
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  202l9
                    Fax (202) 874-5301




                                      
     Daniel P. Stipano
     Director
     Enforcement & Compliance Division
     Date: January 17, 1997