ALERT 98-22
Type: Unauthorized Banking
Subject: Sunfirst Trust Co. Ltd
Date: August 4, 1998

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); Assistant Deputy Comptrollers;
     District Counsel and Examining Personnel


RE:  Sunfirst Trust Co. Ltd
     912 Thousand Oaks Dr.
     Virginia Beach, Va.  23454


Information has been received that the subject entity may be
operating a banking business in the United States without
authorization.  The Office of the Comptroller of the Currency has
not granted a national bank charter to this entity.  Further, the
State of Virginia State Corporation Commission has advised that
the subject entity has not been granted permission to operate in
Virginia.  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