OCC Revises Booklet on Background Investigations; Business Combinations

November 9, 2017

On Thursday, November 9, 2017, the OCC issued the “Background Investigations” booklet of the Comptroller’s Licensing Manual, which revises the booklet of the same title issued in April 2009. The revised booklet incorporates updated procedures and requirements following the integration of the functions of the Office of Thrift Supervision into the OCC in 2011, and the issuance of revised regulations (12 CFR 5.51), which became effective July 1, 2015.

 

The agency also issued a bulletin on Tuesday, November 14, 2017, regarding the “Business Combinations” booklet of the Comptroller’s Licensing Manual. This revised booklet replaces the booklet of the same title issued in December 2006. This booklet incorporates updated procedures and requirements after the Office of Thrift Supervision (OTS) integrated with the OCC in 2011 and the issuance of revised regulations (12 CFR 5), effective July 1, 2015, that address applications for national banks and federal savings associations proposing to execute a business combination.