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

Investor Update
December 7, 2017

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks and federal savings associations affected by wildfires in California to close.

In issuing the proclamation, the OCC expects that only those bank offices directly affected by the extreme emergency conditions to close. Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers.

OCC Bulletin 2012-28 “Supervisory Guidance on Natural Disasters and Other Emergency Conditions” provides guidance on actions bankers could consider implementing when their bank or savings association operates or has customers in areas affected by a natural disaster or other emergency.

Related Links

Source: OCC


Stay informed about the latest industry news and events with our All Client Alert email newsfeed.

Ask The CEO

Got a question about Safeguard in the industry? Let us know in our Ask the CEO online Q&A section.