Today, we announced a new process for the review of deposit insurance applications. The new 2-phase process is intended to encourage new bank formation, accelerate the speed of reviews, and improve the efficiency of the application process.
fdic.gov/news/press-rel…
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- Today, the FDIC and @USOCC proposed changes to the rules implementing the Community Reinvestment Act. The proposal would more closely align the CRA regulatory framework with the statute and clarify how banks receive CRA consideration. fdic.gov/news/press-rel…
- Small Business Bank of Lenexa, KS was closed today by @KS_OSBC, which appointed FDIC as receiver. The Farmers State Bank of Oakley, KS assumed substantially all deposits of the institution. fdic.gov/news/press-rel…
- Kentland Federal Savings and Loan Association of Kentland, Ind. was closed today by the @USOCC, which appointed FDIC as receiver. Kentland Bank of Kentland, Ind. purchased substantially all assets and assumed all deposits of the failed institution. fdic.gov/news/press-rel…
- TODAY at 2 p.m. ET, our Board of Directors will meet in open session. Watch live here ⤵️ youtube.com/live/YNiYWMzJ0….

