Regulatory Alerts2025-12-15 | Corporate Decision 1354Added
Corporate Decision 1354 — Application to acquire Extraco Consulting Corporation
The Office of the Comptroller of the Currency approves Extraco Banks, National Association's acquisition of Extraco Consulting Corporation as a wholly owned operating subsidiary. The approval permits the subsidiary to provide advisory services to financial institutions and affiliated fintech companies, including marketing, training, and compliance support. The OCC prohibits the subsidiary from engaging in branch furniture and fixtures procurement and branch lobby design, determining these activities are not part of or incidental to banking. The approval terminates automatically if the acquisition or new activity is not completed within 12 months.
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