Financial Institutions Overview
The N.C. Office of the Commissioner of Banks (NCCOB) is responsible for the chartering and regulation of North Carolina's state banks, trust
companies, mortgage companies, as well as registration and licensing of various financial institutions operating in North Carolina.
NOTICE TO ALL STATE-CHARTERED FINANCIAL INSTITUTIONS REGARDING HURRICANE FLORENCE 9-11-18
In anticipation of the projected path of Hurricane Florence and the
potential adverse impact across the states of North Carolina,
South Carolina, and Virginia, please exercise prudence in suspending
operations for the safety of your staff and customers. The Governors of
both Carolinas and Virginia have already declared a State of Emergency
for their respective states. Because this storm is projected to impact
the Carolinas and Virginia later this week and over the upcoming weekend,
please plan to follow the procedures outlined in subsection
(c) of NCGS 53C-6-19, highlighted below. While the procedures detailed below
specifically apply to your branches in this State (North Carolina), we apply
these procedures to all of your branches regardless of where they are located.
§ 53C-6-19. Operations; suspension.
- A bank, any of its branches, and any of its non-branch bank business offices
may operate on such days and during such hours, and may observe such
holidays, as the bank's board of directors shall designate.
- Whenever the Commissioner determines that an emergency exists or is pending in this
State or any part thereof, the Commissioner may authorize banks operating in the
affected area or areas to suspend any or all of their operations in such area or areas
for such period or periods as the Commissioner establishes. An emergency is any
condition or occurrence that may interfere with a bank's operations or poses an
existing or imminent threat to the safety or security of persons or property, or both.
- In the event that an emergency exists or is pending in this State or any part thereof
and a bank operating in the affected area or areas is unable to communicate the
existence or pendency of the emergency to the OCOB, an officer of the bank may suspend
any or all of the bank's operations in the affected area or areas without the prior
approval of the Commissioner. The bank shall give notice of such closing to the
Commissioner as soon as practicable.
If you have any questions, please contact our office at 919-733-3016.