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 notice under paragraph (1) shall include— An insured depository institution which proposes to close a branch shall provide notice of the proposed closing to its customers. Notice under paragraph (1) shall consist of— inclusion of a notice in— 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. If, in the case of a branch referred to in paragraph (1)— a person from the area in which such branch is located— 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. For purposes of this subsection, the following definitions shall apply: The term “interstate bank” means a bank which maintains branches in more than 1 State. The term “low- or moderate-income area” means a census tract for which the median family income is— This section shall not apply with respect to— the relocation of a branch or consolidation of one or more branches into another branch, if the relocation or consolidation— a branch that is closed in connection with— an emergency acquisition under—