TITLE: United States Office of the Comptroller of the Currency Issues Final Rule on National Bank Chartering BODY: On February 27, 2026, the Office of the Comptroller of the Currency (OCC) issued a final rule clarifying the longstanding authority of national banks limited to trust company operations to engage in non-fiduciary activities alongside their fiduciary activities. The final rule amends the OCC's chartering regulation at 12 Code of Federal Regulations (CFR) 5.20 to align with the OCC's statutory authorization to charter national banks limited to trust company operations and related activities. The rule updates terminology, changing references from "fiduciary activities" to "operations of a trust company and activities related thereto." The OCC emphasises that the final rule neither expands nor contracts its existing authority to charter national banks. The rule applies to all applicants for a national bank charter limited to trust company operations and related activities, including community banks seeking such charters. The final rule becomes effective on April 1, 2026. For further information, interested parties may contact Christopher Crawford, Acting Assistant Director, or Marjorie Dieter, Counsel, at the OCC's Chief Counsel's Office on (202) 649-5490. **Reference:** Office of the Comptroller of the Currency, OCC Bulletin 2026-4, National Bank Chartering: Final Rule (February 27, 2026)

National Bank Chartering: Final Rule | OCC

Pipeline Progress

🔄 Pipeline Journey