• OCC Approves Shelf Charter for National Banks to Encourage New Investment
  • December 21, 2008 | Authors: Thomas P. Vartanian; David L. Ansell; Robert H. Ledig; Gordon L. Miller
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson LLP - Washington Office
  • On November 21, 2008, the Office of the Comptroller of the Currency ("OCC") announced a program to approve "shelf charters" for national banks, having issued its first approval of a shelf charter on November 17, 2008, as a way of expanding the pool of investors eligible to bid to acquire failing depository institutions.