{"id":"IA-070","kind":"order","level":"sector-regulator","jurisdiction":"Iowa","state":"IA","metro":"","industry":"","agency":"","eco":"","issuer":"Iowa Division of Banking","authority":"Iowa Code ch. 524 (branch closures; emergency alternative locations)","instrument":"Notice to Bank Presidents and CEOs regarding temporary closure of branch offices (COVID-19)","title":"Guidance that State-chartered banks need no permission to close branches temporarily but must notify the Division, and may be authorized to operate from alternative locations","dateIssued":"2020-03-12","effective":"2020-03-12","end":"Duration of the emergency","startDate":"2020-03-12","endDate":"2020-06-30","quarters":["2020Q2"],"types":["OTHER"],"addressees":["presidents and CEOs of all Iowa State-chartered banks"],"clause":"Per the Division\u0027s notice as reported (Orrick, Mar. 20, 2020): State banks \u0027are not required to get permission from the IDOB to temporarily close a branch office,\u0027 but the Division \u0027requests that the banks provide notification so that the IDOB can track closures\u0027; banks needing to relocate operations should contact their analyst for authorization to operate from alternative locations.","enforcement":"Supervisory guidance","functions":["BR branches and lobbies closed or limited under regulator notice","AT drive-up and alternative locations"],"notes":"Companion to the March 18 remote-work guidance (IA-071); the Division\u0027s March 24 and April 3, 2020 update letters are archived at idob.state.ia.us/bank/docs/covid-19/.","sourceUrl":"https://www.idob.state.ia.us/bank/docs/Corornavirus%20Notice%20to%20Bank%20Presidents%20and%20CEOs.pdf","snapshot":"","fileExists":false,"fileBytes":0,"grade":"secondary","character":"","description":"","collection":"IA","url":"/library/IA-070","exhibitUrl":null,"citation":"Iowa Division of Banking, Notice to Bank Presidents and CEOs regarding temporary closure of branch offices (COVID-19) (Mar. 12, 2020) (Ex. IA-070)","stateName":"Iowa","related":["IA-071"]}