OCC says banks, savings associations affected by severe flooding in south central states permitted to close

A proclamation permitting national banks, federal savings associations (FSAs), and federal branches and agencies of foreign banks that are affected by severe flooding in the South Central United States to close was issued late Tuesday by the Office of the Comptroller of the Currency (OCC).

In issuing the proclamation, the OCC said it expects that only those bank offices directly affected by potentially unsafe conditions will close, and they should make every effort to reopen as quickly as possible to address customers’ banking needs.

Guidance in working with affected customers can be found in OCC Bulletin 2012-28, “Supervisory Guidance on Natural Disasters and Other Emergency Conditions” (Sept. 21, 2012), the agency said.

OCC Allows National Banks and Federal Savings Associations Affected by Flooding in the South Central United States to Close

OCC Bulletin 2012-28, Supervisory Guidance on Natural Disasters and Other Emergency Conditions

Major Disaster News Center

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