OCC, State Regulators Permit Banks to Close for Hurricane Michael

With Hurricane Michael expected to make landfall on the Gulf Coast later this week, the OCC and state regulators in Alabama and Florida have preemptively authorized banks affected by the severe weather to close. The OCC also reiterated guidance intended to help banks facilitate recovery in the wake of natural disasters.

Working in consultation with state bankers associations, the American Bankers Association stands ready to assist bankers with disaster preparedness and recovery efforts. ABA resources include communications guidance, tips for consumers and links to checklists from FEMA and the Financial Services Information Sharing and Analysis Center.