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Financial Services Law Insights and Observations

OCC provides guidance to institutions affected by Hurricane Florence

Federal Issues OCC Disaster Relief

Federal Issues

On September 11, the OCC issued a proclamation permitting OCC-regulated institutions to close their offices affected by Hurricane Florence in the Southeast and Mid-Atlantic. The OCC noted that only institutions directly impacted by potentially unsafe conditions should close, and that those offices should attempt to reopen as soon as possible to serve their customers’ banking needs. OCC Bulletin 2012-28 provides further guidance on natural disasters and other emergency conditions.

Find continuing InfoBytes coverage on disaster relief here.

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