OCC Acts on Citigroup Application

December 1, 2000

WASHINGTON -- The Office of the Comptroller of the Currency announced it would not object to Citigroup?s acquisition of Associates National Bank. The OCC?s decision, which is attached, was in response to a notice of change in bank control filed by Citigroup on September 18, 2000. The OCC?s decision followed Citigroup?s announcement of various initiatives designed to provide increased consumer protection for subprime borrowers.

Source: OCC


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.