Home   +   Member Access   +   Job Bank   +   Press Room   +   Institution Search   +   Contact Us

Maryland Bank Holiday Schedule:

Emergency Closing Procedures
The law addressing emergency closing procedures for State-chartered institutions is (MD Code Ann., Fin. Inst § 5-707) and for national banks (12 USC § 95(b)(1) and 12 CFR § 7.3000(b)).  The Office of the Comptroller of the Currency (OCC) reminds management of national banks that they have the discretion to make individual decisions to remain open or to close in the event of a natural disaster or other emergency.

State-chartered institutions:  Should the chairman of the board of directors or the president of the institution decide that an emergency exists, follow the procedures outlined in Maryland law, including notifying the Governor’s office within 24 hours of the reasons for the closing.  Your notification should be sent via e-mail to governor@gov.state.md.us and co'comartun@gov.state.md.us.  Please put "Notice of Emergency Bank Closing" in the subject line.  Although not required by statute, the Commissioner of Financial Regulation requests that any bank that closes one or more branches on an emergency basis also notify the Office of the Commissioner of Financial Regulation directly by sending an email to Teresa Louro at tlouro@dllr.state.md.us and Marcia Ryan at mryan@dllr.state.md.us notifying the Office of the closing.