Branch Closure – Short Form

The following notification form should be used by your institution in requesting permission to close a branch office.  The filing of the Uniform Interstate Application/Notice will generally be all that is required by OFI for the closure of a branch office.

The following provisions will need to be complied with in order to comply with the linked statute:

  1. No institution shall close a branch office except pursuant to the procedure provided by this Section.
  2. At least 90 days prior to the closure date, the institution shall submit in writing to the Commissioner detailed reasons for the necessity of the closure, evidence that the appropriate federal banking agency has been notified of said closure, and, if applicable, the location to which the branch’s accounts and safe deposit boxes are to be transferred. The information contained on the Uniform Interstate Application/Notification will provide adequate notification to this Office.
  3. At least 30 days prior to the closure date, the institution shall post a notice in a conspicuous location in the branch office to be closed, that the branch office will be closed, stating the closure date and, if applicable, the location to which the branch’s accounts and safe deposit boxes are to be transferred.

If your institution elects to retain the property for future premises uses, please review the linked policy on the Investment in Real Estate Business Purposes for your review. If applicable, please ensure that the holding of this property as premises complies with this policy.

If this existing branch location is owned by your institution and your Board decides that the property will not be utilized for future premises purposes, you should also refer to Part 362 of the FDIC’s Rules and Regulations for guidance relating to divestiture requirements.

If you have not already done so, you should contact your federal regulator to determine their relocation requirements.

If you have any questions regarding this notification, please call Deputy Chief Examiner Tim Robichaux at (225) 922-0878.

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