OCC - Office of Comptroller of Currency
02/27/2026 | Press release | Distributed by Public on 02/27/2026 07:34
National Bank Chartering: Final Rule
Summary
The Office of the Comptroller of the Currency (OCC) is issuing a final rule to clarify the longstanding authority of national banks limited to the operations of trust companies and activities related thereto to engage in non-fiduciary activities in addition to their fiduciary activities. The final rule would neither expand nor contract the OCC's authority to charter a national bank. The final rule is effective April 1, 2026.
Note for Community Banks
The final rule applies to all applicants for a national bank charter that is limited to the operations of a trust company and activities related thereto.
Highlights
The final rule amends the OCC's chartering regulation at 12 CFR 5.20 to
- align with the OCC's statutory authorization to charter national banks limited to the operations of a trust company and activities related thereto;
- change references from "fiduciary activities" to "operations of a trust company and activities related thereto."
Further Information
Please contact Christopher Crawford, Acting Assistant Director; or Marjorie Dieter, Counsel; Chief Counsel's Office, at (202) 649-5490.
Adam J. Cohen
Senior Deputy Comptroller and Chief Counsel
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OCC - Office of Comptroller of Currency published this content on February 27, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 27, 2026 at 13:34 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]