Community Bank Licensing Amendments

The Providing Accountability Through Transparency Act of 2023, 12 U.S.C. 553(b)(4), requires that a notice of proposed rulemaking include the internet address of a summary of not more than 100 words in length of a proposed rule, in plain language, that shall be posted on the internet website www.regulations.gov. The proposed regulation would amend the OCC’s licensing regulations by providing expedited review or reduced filing requirements for some licensing applications by community national banks and community Federal savings association. A community national bank or community Federal savings association is one that has total assets of less than $30 billion and meets other criteria related to capital and lack of a formal enforcement action that requires improvement in financial condition. The proposal and the required summary can be found at https://www.regulations.gov by searching for Docket ID OCC–2025–0273 and https://occ.gov/topics/laws-and-regulations/ occ-regulations/proposed-issuances/index-proposed-issuances.html.