OCC: Banks, savings institutions in CA, NV, AZ affected by Hilary allowed to close

The national bank regulator on Monday issued a proclamation to allow banking institutions to close offices in areas of California, Nevada, and Arizona affected by Tropical Storm Hilary.

The Office of the Comptroller of the Currency (OCC) said it expected that only those bank offices directly affected by potentially unsafe conditions would close, and it encouraged them to reopen “as quickly as possible” to address customers’ banking needs. The proclamation applied to national banks, federal savings associations, and federal branches and agencies of foreign banks.

For further guidance, the agency pointed to OCC Bulletin 2012-28, “Supervisory Guidance on Natural Disasters and Other Emergency Conditions,” issued in September 2012.

OCC Allows National Banks and Federal Savings Associations in California, Nevada and Arizona Affected by Tropical Storm Hilary to Close

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