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August 5, 2015
HMDA – Beyond the Input
Patricia Cashman

August 11, 2015
ABCs of HSAs
Whitney Johnson

August 12, 2015
Part I: Flood Insurance - Everything You Need To Know (including June 2015 Rules)
David Dickinson and Jerod Moyer

August 13, 2015
Currency Transaction Report (CTR): Line-By-Line for Tellers
Deborah Crawford

August 18, 2015
Disaster Recovery Revisited: 5 Things You May Not Have Considered (for a while)
David Reed

August 20, 2015
Automated Monitoring Systems: Implementation to Validation
Brian Crow

August 25, 2015
MasterCard & Reg E Error Resolution
Brian Crow



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#765099 - 06/29/07 02:01 PM ATM Closing
CO Officer Offline
100 Club

Registered: 02/03/03
Posts: 200
Loc: USA
Does the closing of a ATM (which accepts deposits) require prior notification to customers or our regulator?

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CRA
#765499 - 06/29/07 04:18 PM Re: ATM Closing [Re: CO Officer]
IAuditCompliance Offline
Member

Registered: 09/15/04
Posts: 50
Loc: Midwest
I would treat the closing of an ATM that accepts deposits the same as if you were closing a branch. Regulators will look at that as a service that is now lost..esp if it is w/in a LMI area.

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#768129 - 07/05/07 09:50 AM Re: ATM Closing [Re: CO Officer]
AnonRegulator Offline
Gold Star

Registered: 03/02/02
Posts: 451
Loc: Everywhere, USA
Check with your primary regulator on this, but I believe the closing of ATMs does not require an advance branch closing notice. The reason is that ATMs are not considered branches for purposes of this advance notice requirement. AR.

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#769175 - 07/05/07 07:29 PM Re: ATM Closing [Re: AnonRegulator]
Mrs. Rizzo Offline
10K Club

Registered: 03/07/06
Posts: 10392
Loc: Curled up by the fire...
I'm gonna go with anon on this one
_________________________
Take responsibility for your life.

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#1573364 - 07/01/11 04:59 PM Re: ATM Closing [Re: Mrs. Rizzo]
ahou Offline
Power Poster

Registered: 08/15/02
Posts: 2810
You do not have to notify your regulator when removing an ATM.

Notice is not required for the closing of a nonbranch facility, such as an ATM, a remote service facility, a loan-production office, or a temporary branch.
_________________________
Opinions are my own and not of my employer.

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#1586595 - 08/02/11 04:53 PM Re: ATM Closing [Re: ahou]
September Offline
Platinum Poster

Registered: 01/28/05
Posts: 770
Loc: Anywhere the snow falls :)
Are you saying that a loan production office is not a branch? If so, where is this definition? We are FDIC regulated and openening a loan production office. Am finding very little on the reqyuirements are nonrequirements of an LPO. Any guidance would be appreciated.

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#1586687 - 08/02/11 07:40 PM Re: ATM Closing [Re: September]
rlcarey Offline
10K Club

Registered: 07/16/01
Posts: 54320
Loc: Galveston, TX
Read this:

http://www.fdic.gov/regulations/laws/rules/5000-3830.html

Since you appear to be a State bank, you also need to check on State law requirements.
_________________________
The opinions expressed are my own, take them or leave them.

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#1592252 - 08/16/11 06:43 AM Re: ATM Closing [Re: IAuditCompliance]
tennismom Offline
Platinum Poster

Registered: 01/14/04
Posts: 547
Originally Posted By: IAuditCompliance
I would treat the closing of an ATM that accepts deposits the same as if you were closing a branch. Regulators will look at that as a service that is now lost..esp if it is w/in a LMI area.



How would you treat an ATM whose deposit accepting capability is discontinued, especially in a LMI census tract? In short, the ATM will no longer accepting deposits. Although the ATM is still present, a service (accepting deposits is now lost). Internally should we treat this similar to a branch closing (justification for discontinue of service, etc., etc.)?

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#1592255 - 08/16/11 07:10 AM Re: ATM Closing [Re: tennismom]
Kathleen B Offline


10K Club

Registered: 12/27/00
Posts: 19200
For CRA purposes I would. You should justify why that service was discontinued in an LMI tract, how it affected residents, etc.
_________________________
Kathleen Blanchard CRCM "Kaybee"
Lending/CRA/HMDA/Mapping/Consulting
www.kaybeescomplianceinsights.com

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#1592443 - 08/16/11 01:07 PM Re: ATM Closing [Re: Kathleen B]
tennismom Offline
Platinum Poster

Registered: 01/14/04
Posts: 547
As always.....THANKS

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