Regulatory Alerts2026-03-31
Added · Updated
Lorum National Trust Bank, N.A. Interagency Charter Application and Confidential Treatment Request
Lorum Group Holdings Inc. submits an Interagency Charter Application to the Office of the Comptroller of the Currency to establish Lorum National Trust Bank, N.A., a de novo national trust bank headquartered in New York. The application requests prior approval for the bank to operate as a specialized institution providing USD access, institutional clearing, and custody services for tokenized assets, while explicitly prohibiting lending activities. The submission includes requests for waivers regarding director citizenship and residency requirements under 12 U.S.C. § 72 and a waiver from completing the financial portion of Interagency Biographical and Financial Reports. The organizers also seek confidential treatment for business strategies and non-public personal information under the Freedom of Information Act.