OCC lets banks close Gulf Coast branches as potential hurricane nears

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The Office of the Comptroller of the Currency is allowing banks to close branches along the Gulf Coast as a potential hurricane nears.

The agency said in a statement Thursday that its decision applies to branches “directly affected by the extreme weather” from Tropical Storm Harvey. The storm, which is largely expected to become a hurricane, is forecast to make landfall on the Texas coast late Friday.

Shuttered offices “should make every effort to reopen as quickly as possible,” the OCC added.

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