WASHINGTON, Nov. 18 -- Office of the Comptroller of the Currency has issued a proposed rule called: Community Bank Licensing Amendments.
The proposed rule was published in the Federal Register on Nov. 18 by Jonathan V. Gould, Comptroller of the Currency.
Summary: The Office of the Comptroller of the Currency (OCC) is proposing to amend 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 proposed rule is intended to reduce burden on these institutions.
For more information, contact Christopher Crawford, Special Counsel, or Scott B...