Banks, thrifts affected by California wildfires can close, OCC says

A proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by wildfires and high winds in California to close was issued Tuesday by the Office of the Comptroller of the Currency (OCC).

“In issuing the proclamation, the OCC expects that only those bank offices directly affected by potentially unsafe conditions will close,” the agency said in Tuesday’s announcement. “Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers.”

The agency directs institutions to OCC Bulletin 2012-28 “Supervisory Guidance on Natural Disasters and Other Emergency Conditions” for guidance on actions bankers could consider implementing when their institution or has customers in areas affected by a natural disaster or other emergency.

OCC Allows National Banks and Federal Savings Associations Affected by California Wildfires to Close