On September 1, the OCC released OCC Bulletin 2017-33 announcing a new booklet to provide guidance for persons seeking to acquire control of national banks and federal savings associations. The “Change in Bank Control” booklet, which is part of the Comptroller’s Licensing Manual, provides, among other things:

  • an overview of evaluation criteria and considerations taken into account when the OCC reviews a notice of change;
  • timeframe requirements and information regarding the notice process;
  • the required contents of an application and application process; and
  • references and links to informational resources, including sample forms and documents and statutory/regulatory requirements.

Reflected in the newly issued booklet are updates to procedures and regulations that have been implemented since 2007, including the integration of the Office of Thrift Supervision into the OCC in 2011 and the issuance of revised regulation 12 C.F.R. § 5 that went into effect July 1, 2015.