OCC Releases Paper on Community Bank Collaboration

Today, the Office of the Comptroller of the Currency’s (OCC) released a paper entitled ” An Opportunity for Community Banks:Working Together Collaboratively.” In the paper the OCC’s express it’s views for collaborative efforts by community banks to pool or share resources to reduce costs and leverage specialized expertise. In the paper the OCC discusses ways for community banks to work together with their peers to lower expenses, obtain compliance, and compare products and services. The OCC believes, “as diverse as community banks are, they share the same commitment to supporting the
communities they serve. With this in mind, the OCC sees an opportunity for community
banks to share resources and expertise to the mutual benefit of all involved.”

Contact Us

Have any questions? Send our team an email and we'll get back to you as soon as posible. *Warning: Do not send or include any information in any email generated through this web site if you consider the information confidential or privileged. By submitting information by email or other communication in response to this web site, you agree that the communication does not create a lawyer-client relationship between you and the law firm and its lawyers and that any information submitted is not confidential and is not privileged. You further acknowledge that, unless the law firm subsequently enters into a lawyer-client relationship with you, any information you provide will not be treated as confidential and any such information may be used adversely to you and for the benefit of current or future clients of the law firm.

Start typing and press Enter to search