Summary: | Section 42 of the Federal Deposit Insurance Act requires institutions to provide certain advance notifications to their federal regulator and customers before permanently closing a branch. However, the FDIC understands that the severe damage caused by Hurricane Katrina may affect institutions’ compliance with publishing and other requirements for branch closings. |
Highlights:
Distribution: Suggested Routing: FDIC Call Center: 1-877-ASK-FDIC (1-877-275-3342) Note: |
Additional Related Topics:
- Branch closures
FIL-95-2005