OCC enables banks in Alaska, Puerto Rico to close after storms

The Office of the Comptroller of the Currency will permit nationwide banks, federal cost savings associations and federal branches and companies of foreign banks to close workplaces in locations struck by flooding in Alaska and locations in Puerto Rico impacted by Hurricane Fiona, according to firm declarations. Alaska was struck by the residues of Typhoon Merbok over the weekend, triggering terrible flooding in some seaside neighborhoods. Fiona made landfall in Puerto Rico on Sunday and left parts of the island without power.

The OCC anticipates just bank workplaces straight impacted by possibly risky conditions to close. “Those offices should make every effort to reopen as quickly as possible to address the banking needs of their customers,” the firm stated.


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