Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Home > News & Events > Inactive Financial Institution Letters 

Inactive Financial Institution Letters 

Special Alert

February 9, 1998


SUBJECT: Cancelled Offshore Bank Licenses - Nauru

The Office of the Comptroller of the Currency has advised us that the Nauru Agency Corporation of the Republic of Nauru has revoked the licenses of the following banks:

  • United Bank and Trust Company, Inc.
  • Greater International Bank Corp.
  • Commercial Intercontinental Bank, Inc.

Anyone considering transactions with any of the above entities should exercise extreme caution. Information concerning these entities may be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-6012, Washington, D.C. 20429.

Nicholas J. Ketcha Jr.

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 (800-276-6003 or (703) 562-2200).

Last Updated 07/17/1999

Skip Footer back to content