The OCC has allowed national banks, federal savings associations, and foreign banks to close offices in areas affected by Hurricane Isaias in Alabama and Mississippi, as per OCC Bulletin 2012-28.
Why it matters. Banks in affected areas will temporarily close, impacting customer services and operations.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) today issued a proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks to close offices in areas of Alabama and Mississippi affected by Hurricane Isaias.
OCC Bulletin 2012-28, “Supervisory Guidance on Natural Disasters and Other Emergency Conditions” (September 21, 2012), 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.
