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Special Alerts

SA-6-2005
January 19, 2005


TO: CHIEF EXECUTIVE OFFICER (also may be of interest to Security Officer)
SUBJECT: Revocation of Banking License
Summary: The banking license of Sunra International Bank & Trust Corporation has been revoked by the Financial Institutions Commission of the Republic of Palau.

Please be advised that the Federal Deposit Insurance Corporation (FDIC) was recently notified that the Financial Institutions Commission, Republic of Palau, revoked the banking license of Sunra International Bank & Trust Corporation (Sunra) on January 6, 2005. The Financial Institutions Commission, Republic of Palau, advised that Sunra is immediately barred from performing any banking and related financial activities but has been granted 30 days from the date of license revocation to cease its operations.

Any information or questions that you may have concerning this matter should be brought to the attention of:

By mail: G. Semdiu Decherong, Executive Commissioner
             Financial Institutions Commission
             PO Box 10243,
             Koror, Republic of Palau 96940
Phone:  (680) 488-3560 Fax: (680) 488-3564
E-mail:  fic@palaunet.com

Any information about this entity may be forwarded to the FDIC's Special Activities Section, 550 17th Street, N.W., Room F-4040, Washington, D.C. 20429, or forwarded electronically to alert@fdic.gov.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at www.fdic.gov/news/news/SpecialAlert/2005/index.html. To learn how to automatically receive FDIC Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/about/subscriptions/index.html.

Michael J. Zamorski
Director
Division of Supervision and Consumer Protection

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: As a security precaution, the FDIC does not post to its Web site online copies of fraudulent instruments or copies of the genuine instruments that have been counterfeited. This is to avoid attempts by others to use the electronic versions of these instruments to facilitate additional fraud. Printed copies of fraudulent instruments are mailed with the Special Alert letter to the financial institutions on the letter's distribution list (generally, FDIC-supervised banks - commercial and savings). Printed copies of the Special Alert and its attachment(s) may also be obtained from the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (telephone: 1-877-275-3342 or (703) 562-2200; fax: (703) 562-2296; or e-mail: publicinfo@fdic.gov).




Last Updated 01/19/2005 communications@fdic.gov