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Columbus Bank and Trust Company

FEDERAL DEPOSIT INSURANCE CORPORATION

RE: Columbus Bank and Trust Company Columbus, Georgia

Application Pursuant to Section 24 of the Federal Deposit Insurance Act to Indirectly Continue to Engage as Principal in Activities Which May Not Be Permissible for Subsidiaries of National Banks

STATEMENT

Pursuant to the provisions of section 24 of the Federal Deposit Insurance Act, an application has been filed with the Federal Deposit Insurance Corporation ("FDIC") by Columbus Bank and Trust Company, Columbus, Georgia ("Columbus B&TC"). The application requests the Corporation's consent to continue, through three second-tier majority-owned subsidiaries, to conduct activities which may not be permissible for subsidiaries of national banks. Namely, Lincoln Marketing, Inc. is engaging in providing correspondence products for financial institutions, credit application processing, credit fulfillment services, direct marketing, and promotional activities; Columbus Productions, Inc. is engaging in providing printing services such as typesetting, electronic press., and bindery services; and Mailtek, Inc. is engaging in providing data processing, list management, printing, microfiche, plastic card production, and mailing services to the financial services, airline, health care, and advertising industries.

Columbus B&TC, which meets the definition of "well capitalized" within the meaning of Part 325 of the FDIC Rules and Regulations, is in compliance with applicable capital standards. In addition, the level of the activities to be conducted and the manner in which Columbus B&TC conducts the activity do not appear to pose a significant risk to the applicable deposit insurance fund. However, as the first-tier (Total Systems Services, Inc.) subsidiary's investment in each second-tier subsidiary may increase under state law to up to one hundred per cent of the statutory capital base (common stock and paid in capital) of the bank and such increase may pose safety and soundness concerns, approval is being conditioned on the investment by Total Systems Services, Inc. in each of the three subsidiaries not exceeding five per cent of the bank's Tier 1 capital unless prior written approval is obtained from the Regional Director (Supervision) of the FDIC's Atlanta Regional Office.

Accordingly, the Board of Directors has concluded that the application should be approved.


FEDERAL DEPOSIT INSURANCE CORPORATION

RE: Columbus Bank and Trust Company Columbus, Georgia

Application Pursuant to Section 24 of the Federal Deposit Insurance Act to Indirectly Continue to Engage as Principal in. Activities Which May Not Be Permissible for Subsidiaries of National Banks

ORDER

The Board of Directors of the Federal Deposit Insurance Corporation ("FDIC") has fully considered all facts and information relevant to the factors of section 24 and other provisions of the Federal Deposit Insurance Act, including facts and information made available to the Board of Directors by the applicant, the Corporation's Division of Supervision, and other information acquired by the Corporation, relating to the application of Columbus Bank and Trust Company, Columbus, Georgia ("Columbus B&TC"), for the Corporation's consent to indirectly, through three second-tier subsidiaries, continue to engage as principal in activities which may not be permissible for subsidiaries of national banks. The activities are conducted through three wholly-owned subsidiaries of Total Systems Services. Inc., a direct majority-owned nonbank subsidiary of Columbus B&TC.

The Board of Directors finds that Columbus B&TC is in compliance with applicable capital standards and that the activities to be conducted do not appear to pose a significant risk to the applicable deposit insurance fund.

Accordingly, IT IS ORDERED, that the application be and the same hereby is approved subject to the following conditions:

l. That the written disclosure requirements of section 362.4(e) of the FDIC Rules and Regulations are waived except that portion which requires written disclosure that Columbus B&TC does not guarantee the products, goods, or services offered and that only the assets of the applicable subsidiary are available to satisfy the obligations of, or any contractual claims arising in connection with, the operation of the applicable subsidiary;

2. That the total investment by Total Systems Services, Inc. in each of the three subsidiaries not exceed five percent of the bank's Part 325 Tier 1 capital unless prior written approval is obtained from the Regional Director (Supervision) of the FDIC's Atlanta Regional Office; and

3. That the FDIC retains the right to alter, suspend, or withdraw approval of the activities of any of the three subsidiaries should subsequent events alter the facts or circumstances on which FDIC's approval was based.

Dated at Washington, D. C., this day of , 1994.

BY ORDER OF THE BOARD OF DIRECTORS

Acting Executive Secretary



Last Updated 03/24/2011 Legal@fdic.gov