Branch Closing Policy Template Update Details

Product Update Notification - 11/18/08

What's New

Topic 9 - Audit Policy. This new topic provides guidance with respect to a financial institution's requirement to conduct periodic independent audit reviews of its branch closing activities.

Topic 10 - Staff Training. Provides sample guidance for the periodic training of financial institution personnel.

Topic 11 - Retention of Documentation. Provides sample guidance for the retention of documentation related to branch closing activities.

What's Revised

Topic 3 - Regulatory Background and Requirements. The entire contents of this topic were revised and expanded.

Topic 4 - Definitions. The following definitions were revised:

Branch

Short Distance Relocation (now includes FDIC, OCC and OTS specifics)

Topic 5 - Applicability. This topic was completely revised and expanded and is now broken down into the following subtopics:

General

Mergers

Relocations and Consolidations

Other

Bank Procedures

Topic 6 - Required Notifications. The following subtopics were revised:

Initial Regulatory Agency Notice - First and last paragraphs.

Customer Notice - Entire contents.

Topic 7 - Regulatory Authority and Consideration. The final two paragraphs of the "Review" subtopic were revised.

Topic 8 - Branch Closing Quick Reference Guide. The following new subtopics were added:

Lease Loss

Customer Allocation

Product Contents

Purpose and Contents - Topic 1

Policy Statement - Topic 2

Regulatory Background and Requirements - Topic 3

Definitions - Topic 4

Applicability - Topic 5

Required Notifications - Topic 6

Regulatory Authority and Consideration - Topic 7

Branch Closing Quick Reference Guide - Topic 8

Audit Policy - Topic 9

Staff Training - Topic 10

Retention of Documentation - Topic 11

Includes the following form template:

Branch Closing Letters (3 pages)

Ordering Information

This product is available to purchase from Bankpolicies.com for:

$100.00 - List Price

- or -

$25.00* - Update Price

*Applies only to clients who have purchased our Branch Closing Policy Template within the last three years.

If you have ordered this product after 10/18/08 you are eligible to receive the product update at no charge.

Click here to place an order for this product. Clients who are eligible for our Legacy Rewards Volume Discount can apply their applicable discount level to the list or update price (whichever applies).

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