12 U.S.C. § 1831r: Notice of branch closure

An insured depository institution which proposes to close any branch shall submit a notice of the proposed closing to the appropriate Federal banking agency not later than the first day of the 90-day period ending on the date proposed for the closing. a detailed statement of the reasons for the decision to close the branch; and statistical or other information in support of such reasons. An insured depository institution which proposes to close a branch shall provide notice of the proposed closing to its customers. posting of a notice in a conspicuous manner on the premises of the branch proposed to be closed during not less than the 30-day period ending on the date proposed for that closing; and at least one of any regular account statements mailed to customers of the branch proposed to be closed, or in a separate mailing, Each insured depository institution shall adopt policies for closings of branches of the institution. In the case of an interstate bank which proposes to close any branch in a low- or moderate-income area, the notice required under subsection (b)(2) shall contain the mailing address of the appropriate Federal banking agency and a statement that comments on the proposed closing of such branch may be mailed to such agency. submits a written request relating to the closing of such branch to the appropriate Federal banking agency; and includes a statement of specific reasons for the request, including a discussion of the adverse effect of such closing on the availability of banking services in the area affected by the closing of the branch; and the agency concludes that the request is not frivolous, No action by the appropriate Federal banking agency under paragraph (2) shall affect the authority of an interstate bank to close a branch (including the timing of such closing) if the requirements of subsections (a) and (b) have been met by such bank with respect to the branch being closed. The term “interstate bank” means a bank which maintains branches in more than 1 State. less than 80 percent of the median family income for the metropolitan statistical area (as designated by the Director of the Office of Management and Budget) in which the census tract is located; or in the case of a census tract which is not located in a metropolitan statistical area, less than 80 percent of the median family income for the State in which the census tract is located, as determined without taking into account family income in metropolitan statistical areas in such State. an automated teller machine; occurs within the immediate neighborhood; and does not substantially affect the nature of the business or customers served; or section 1821(n) of this title ; or subsection (f) or (k) of section 1823 of this title ; or any assistance provided by the Corporation under section 1823(c) of this title .