Is the requirement of §350.7 still valid or has this been done away with?
I know of a bank that has removed them stating that they are no longer required to be posted at each branch location.

What situation would allow that?

§ 350.7 Notice and availability.

(b) Customers and the general public. In the lobby of its main office and each branch, the bank shall at all times display a notice that the annual disclosure statement may be obtained from the bank. The notice shall include at a minimum an address and telephone number of which requests should be directed. The first copy of the annual disclosure statement shall be provided to a requester free of charge