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Highlights: 

• Before an �౦��Ϸ����-insured financial institution can close a branch, Section 42 of the Federal Insurance Act requires it to:
  • Provide its federal regulator a 90-day advance notice of a proposed branch closing;
  • Mail to customers of that branch a notice at least 90 days before the scheduled closing; and
  • Place a conspicuous notice at the affected branch at least 30 days before the scheduled closing.
• However, if a financial institution’s branch ceases operation because of an event beyond the institution’s control, the financial institution should inform its federal regulator and its customers, to the best of its ability, as soon as possible after making the decision to close an office.
• Examples of methods to notify customers include posting a notice of the branch closing on the bank’s Web site, sending written notice of the branch closing to customers electronically or in monthly statements when able to do so, or contacting customers by phone.

Distribution: 
�౦��Ϸ����-Supervised Banks (Commercial and Savings) 

Suggested Routing: 
Chief Executive Officer 
Compliance Officer 

�౦��Ϸ���� Call Center: 1-877-ASK-�౦��Ϸ���� (1-877-275-3342) 

Note: 
�౦��Ϸ���� Financial Institution Letters (FILs) may be accessed from the �౦��Ϸ����'s Web site at www.fdic.gov/news/financial-institution-letters/2005/index.html . 

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html . 

Paper copies of �౦��Ϸ���� FILs may be obtained through the �౦��Ϸ����'s Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).