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Federal Deposit
Insurance Corporation

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

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Inactive Financial Institution Letters 

Special Alert

March 31, 1999


SUBJECT: Revoked Banking License

The Office of the Comptroller of the Currency (OCC) has advised us it was informed by the Assistant Secretary, Government of Montserrat, that the following company's license, issued under the Offshore Banking Ordinance, was revoked effective February 24, 1999,

South Atlantic International Bank, Limited, f/k/a Americapital International

Any information concerning this entity may be forwarded to FDIC's Special Activities Section, 550 17th Street, N. W., Room F-6012, Washington, D. C. 20429.

  James L. Sexton

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 NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).

Last Updated 07/17/1999

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