We are going to close a branch located in a low to mod tract because of profitability and change in long term business plan. The lease will be up in the coming months so this will be the best time to do this. This is a regular full service commercial bank branch in state operations. Our concern of course is CRA.. I have researched the rules for closing and understand the notices and time frames...The guidance only mentions specific addtional steps for Section 42 branches and from what I can tell this is not one of them... Has any closed a branch like this and if so have you done anything above the required steps for notification as outlined in the Fed guidance?

We recently closed a branch in a l/m census tract. The branch was in a wal-mart but we did everything there except safe deposit boxes. The OCC had the right to have hearings but they declined this. We did get there permission to do it though.