Wholesale and Limited Purpose Banks under the Community Reinvestment Act
As of January 11, 2012 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. 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. The following banks are currently designated as limited purpose banks: | Bank Name | City | State | Charter Number | Decision Date |
|---|
American Express Bank, FSB
| Salt Lake City
| UT
| 715648
| 10/12/2006
| Capital One Bank (USA), National Association
| Glen Allen
| VA
| 24828
| 2/26/2008
| Cedar Hill National Bank
| Lawrenceville
| GA
| 23323
| 9/11/1997
| Chase Bank USA N.A
| Wilmington
| DE
| 23160
| 8/13/09
| Credicard National Bank
| Tucson
| AZ
| 23401
| 7/30/1997
| Credit First National Association
| Brook Park
| OH
| 22594
| 1/31/1996
| Credit One Bank, National Association (f/k/a First National Bank of Marin
| Las Vegas
| NV
| 20291
| 6/28/1996
| Department Stores National Bank*
| Sioux Falls
| SD
| 24622
| 10/21/2005
| DSRM National Bank
| Albuquerque
| NM
| 23097
| 6/28/1996
| FIA Card Services, National Association (f/k/a MBNA America Bank, National Association)
| Wilmington
| DE
| 22381
| 4/5/2010
| First Investors Federal Savings Bank
| Edison
| NJ
| 706410
| 8/1/2006
| GE Money Bank
| Draper
| UT
| 715044
| 5/1/2009
| HSBC Bank Nevada, National Association (f/k/a Household Bank (SB), National Association)
| Las Vegas
| NV
| 22675
| 2/12/1996
| HSBC Trust Company (Delaware), National Association
| Wilmington
| DE
| 24601
| 9/29/2006
| RBC Bank (Georgia), National Association (f/k/a First Gulf Bank, National Association)
| Atlanta
| GA
| 23416
| 8/28/2008
| Talbots Classics National Bank
| Lincoln
| RI
| 24015
| 3/31/2000
| Target National Bank (f/k/a Retailers National Bank)
| Sioux Falls
| SD
| 22549
| 1/26/1996
| TCM Bank, National Association
| Tampa
| FL
| 23363
| 9/11/1997
| Town North Bank Nevada, National Association
| Las Vegas
| NV
| 24576
| 5/10/2005
| Wells Fargo Financial National Bank
| Las Vegas
| NV
| 21099
| 7/9/1997
| Wilmington Trust, National Association (f//k/a M&T Bank, National Association)
| Wilmington
| DE
| 22859
| 3/12/1996
| World Financial Network National Bank
| Gahanna
| OH
| 21739
| 3/19/1996
|
* Also operates under a CRA Strategic Plan. The following banks have been designated as wholesale banks by the OCC: | Bank Name | City | State | Charter Number | Decision Date |
|---|
Bank of America Rhode Island, National Association
| Providence
| RI
| 24592
| 10/27/2009
| Bank of China
| New York
| NY
| 80028
| 10/18/1996
| Bank of China
| New York
| NY
| 80091
| 10/18/1996
| BNY Mellon, National Association (f/k/a Mellon Bank, National Association)
| Pittsburgh
| PA
| 6301
| 7/19/2002
| California First National Bank
| Irvine
| CA
| 23925
| 4/13/2000
| Delta National Bank and Trust Company
| New York
| NY
| 20547
| 5/16/1996
| E*Trade United Bank
| Arlington
| VA
| 708308
| 6/5/2009
| Intervest National Bank
| New York
| NY
| 23712
| 4/18/2006
| Morgan Stanley Bank, N.A.
| Salt Lake City
| UT
| 24908
| 3/10/2009
| Pacific National Bank
| Miami
| FL
| 20010
| 4/20/2011
| Prudential Bank and Trust, FSB
| Hartford
| CT
| 708672
| 7/7/1998
| Safra National Bank of New York
| New York
| NY
| 20948
| 5/21/1997
| Sterling National Bank
| New York
| NY
| 13295
| 2/22/2001
| T. Rowe Price Savings Bank
| Baltimore
| MD
| 715731
| 6/5/2000
| Wells Fargo Bank Northwest, National Association
| Ogden
| UT
| 2597
| 12/8/2003
|
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