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Amid Hurricane Matthew, banks reminded of post-disaster best practices

Joe Mont | October 6, 2016

As is a tradition when Mother Nature’s fury strikes, banks are being reminded of the best practices that accompany natural disasters and other emergency conditions.

On Oct. 5, the Office of the Comptroller of the Currency issued a proclamation allowing national banks and federal savings associations affected by Hurricane Matthew to close at their discretion. The agency expects that only those bank offices directly affected by the extreme weather will close. Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers.

The agency also reminded bankers of OCC Bulletin 2012-28, “Supervisory Guidance on Natural Disasters and Other Emergency Conditions,” guidance on actions they should consider implementing when their institution operates or has customers in areas affected by a severe calamity.

The Comptroller of the...

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