OCC revises guidance on change in bank control

Bank Regulatory Federal Issues OCC Comptroller's Licensing Manual

On February 16, the OCC released an updated version of the “Change in Bank Control” booklet of the Comptroller’s Licensing Manual. According to OCC Bulletin 2023-7, the revised licensing booklet—which outlines OCC policies and procedures regarding filings by persons who wish to acquire control of a national bank or federal savings association “through the purchase, assignment, transfer, pledge, exchange, succession, or other disposition of voting stock”—removes references to outdated guidance, provides current references to relevant guidance, and makes other minor modifications and corrections throughout. The booklet applies to all national banks, federal savings associations, and federal branches and agencies of foreign banking organizations.