CatalystDerivatives

OCC Allows National Banks and Federal Savings Associations in Alabama, Florida, and Mississippi Affected by Hurricane Isaias to Close

OCC permits hurricane-affected banks in three states to close, signaling operational disruption.

Context

The OCC 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.

What changed

OCC permits hurricane-affected banks in three states to close, signaling operational disruption.

Why it matters

OCC permits hurricane-affected banks in three states to close, signaling operational disruption. — impact context not separately stored; see What changed.

Sources

occ