Allied Boston Bank Confirms Corporate Existence and Authorization To Do Business in Palau in 1999-2001.Business Editors KOROR, Palau--(BUSINESS WIRE)--Feb. 14, 2003 Allied Boston Bank, Inc. (ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s ), an international private bank, has provided copies of its Corporate Charter issued by the Palau Registrar of Corporations on December 17, 1999 and Approval Certificate No. 288-2000 issued by the Palau Foreign Investment Board (FIB fib n. An insignificant or childish lie. intr.v. fibbed, fib·bing, fibs To tell a fib. See Synonyms at lie2. ) on February 4, 2000 recognizing Allied Boston Bank's corporate existence and authorizing Allied Boston Bank to engage in business. Allied Boston Bank is making these documents available in response to an alert issued to executive officers and banking authorities on February 5, 2003 by the Office of the Comptroller of the Currency The Office of the Comptroller of the Currency (or OCC) was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and the federal branches and agencies of foreign banks in the United States. (OCC OCC See: Options Clearing Corporation OCC See Options Clearing Corporation (OCC). ) Administrator of National Banks, Enforcement & Compliance Division, U.S. Department of Treasury. OCC ALERT 2003-1 states that Allied Boston Bank conducted unauthorized banking in the Republic of Palau. "Although Allied Boston Bank is in the process of relinquishing re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. its corporate charter in Palau for a variety of reasons, including the current unfavorable business climate, we have never conducted unauthorized banking in the Republic of Palau," says Carlos Salii, attorney and corporate secretary of Allied Boston Bank. "In addition to our Corporate Charter and FIB Approval Certificate, we can provide letters verifying our good standing. We sincerely regret this misunderstanding and want to restore our good name." With assets of $600 million, Allied Boston Bank Inc. had earned an "A1" rating from Dunn & Bradstreet, signifying that the bank was "strong" and its legal history "clear." ABB was also a member of the prestigious London-based Charter Institute of Bankers The Chartered Institute of Bankers (CIB) was founded in 1879, as the professional body for members of the banking profession in the United Kingdom. It was granted its royal charter in 1987. . For more information, contact Mr. Carlos Salii, Esq., Allied Boston Bank, 523 Toirois Malakal, Koror, Republic of Palau 96940, phone +680-488-2462. |
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