WASHINGTON, March 4 -- Office of the Comptroller of the Currency has issued a rule called: Community Bank Licensing Amendments.
The rule was published in the Federal Register on March 4 by Jonathan V. Gould, Comptroller of the Currency.
Summary: The Office of the Comptroller of the Currency (OCC) is amending its rules related to policies and procedures to simplify licensing requirements for corporate activities and transactions involving national banks and Federal savings associations that have less than $30 billion in total assets and satisfy certain conditions. The final rule is intended to reduce burden on these institutions.
For more information, contact Christopher Crawford, Acting Assisting Director, or Scott Burnett, Counsel, Chie...