We are in the process of selling one of our bank branches. It is scheduled to close and go to the other bank at the end of September. Currently, for Reg CC purposes, our deposit cut-off time for that branch is 4:00; however, the bank buying this branch will have a cut-off time of 2:00. We have been informed that we need to give the customers of this branch 30 day notice of this deposit cut off time change. The buyers also want to post this notice in the bank branch at the beginning of September, but the switch to the new bank isn't until the end of September. My question is, can the branch have both our notice and their notice for that month of September as long as it clearly states when theirs goes into effect?
Also, any new customers that branch were to get during September, how would we need to handle disclosures to those new accounts during this 30 day window of switching to the new branch? Do we need to give them both our notice and their notices ,etc?