publicnoticeinstructions.docVIP

Public Notice Instructions The notice should contain the following information: Names of depository institutions—All notices should be published in the joint names of all depository institutions involved in the transaction. If a bank is operating under more than one name or under a name not substantially similar to its legal name, the public notices of any application published in accordance with 12 CFR 5 should contain both the legal name of the bank and that name(s) the bank uses in the community in which the publication circulates. Timing— The public comment period for a combination is generally 30 days, commencing on the date of first publication. The first notice should be published on or about the date the application is filed with the OCC, but in no event more than three days before or after the date the application is filed. The second notice should be published one week after the first publication or, if the newspaper does not publish on that day, on the newspaper’s publication date that is closest to that day. The last notice should be published on the 25th day after the first publication or, if the newspaper does not publish on the 25th day, on the newspaper’s publication date that most closely precedes the 25th day. Type of transaction—Notices must state whether the application is for a merger, consolidation, or purchase and assumption and whether it involves an interim bank charter application. Branch closings—If the proposal involves the closing of a branch office(s), refer to the relevant Interagency Policy Statement and 12 USC 1831r-1 for branch closure and public notice requirements. Notices must state whether any branches of the combining institutions will cease to operate as a result of the transaction. At the time of filing, the applicant may realize that branches will close or consolidate, but be unable to identify the number and location of those closings. In this situation, the notice should state that an as yet undetermined numbe