V.C.2     Branch Relocation

An adverse event may lead management to temporarily limit or cease branch operations or temporarily transfer a branch’s operations to alternate locations. An important BCP component is establishing a physical location where personnel and customers can go to conduct business. For financial institutions, approval by the appropriate regulator may be required to close, relocate, or establish additional branch facilities.Refer to 12 U.S.C. 1831r-1, “Notice of Branch Closure”; 64 Fed. Reg. 34844, “Policy Statement of the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, and Office of Thrift Supervision Concerning Branch Closing”; 12 CFR 303, Subpart C, “Establishment and Relocation of Domestic Branches and Offices” (FDIC); 12 CFR 208.6, “Establishment and Maintenance of Branches” (FRB); 12 CFR 5.30, “Establishment, Acquisition, and Relocation of a Branch of a National Bank” (OCC); and 12 CFR 5.31, “Establishment, Acquisition, and Relocation of a Branch and Establishment of an Agency Office of a Federal Savings Association” (OCC).


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