Florence prompts first ‘OK to close’ notice from banks’ regulator

National banks and federal savings associations in the southeastern and mid-Atlantic states affected by the severe weather expected to develop from Hurricane Florence may close, their federal regulator said Tuesday.

In a statement, the Office of the Comptroller of the Currency (OCC) said it expects that only those offices of banks, federal savings associations, and federal branches and agencies of foreign banks directly affected by potentially unsafe conditions will close. Hurricane Florence is expected to make landfall later this week, somewhere along the coastlines of the Carolinas or southern Virginia.

The OCC said that those offices that do close in storm-affected areas “should make every effort to reopen as quickly as possible to address the banking needs of their customers.”

OCC Allows National Banks and Federal Savings Associations Affected by Hurricane Florence in the Southeast and Mid-Atlantic to Close