ACME national bank plans to acquire Smith Brothers insurance agency and make it an operating subsidiary of the bank. ACME is considered a well- managed and adequately capitalized bank. What regulatory-related action must ACME take to obtain the agency?
A. Complete the sale of the agency and notify the OCC within 10 days
B. Complete the sale of the agency and notify the OCC within 30 days
C. No regulatory notice is required
D. Notify the OCC before completing the sale
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