Tag Archives: Office of the Comptroller of the Currency

VersaBank Receives Final U.S. Approval for Stearns Bank Acquisition

VersaBank received approval from the Office of the Comptroller of the Currency (OCC) to proceed with its proposed acquisition of Stearns Bank Holdingford. This is the second and final U.S. regulatory approval required for VersaBank to proceed with the acquisition.

Regulators Offer Guidance for Troubled Debt Restructurings

The Fed, FDIC, NCUA, OCC, CFPB) and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach.