- Severe storms, tornadoes, flooding and mudslides that began on May 3, 2009, have caused significant property damage in Kentucky.
- A federal disaster was declared on May 29, 2009, and includes individual assistance for Breathitt, Floyd, Owsley, and Pike counties.
- The FDIC is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by these disasters.
- Extending repayment terms, restructuring existing loans or easing terms for new loans, if done in a manner consistent with sound banking practices, can contribute to the health of the community and serve the long-term interests of the lending institution.
- The FDIC also will consider granting regulatory relief from certain filing and publishing requirements.
FDIC-Supervised Banks (Commercial and Savings)
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository
Institutions And Borrowers Affected By Severe
Storms and Flooding in Kentucky
Assistant Regional Director John Poskonka at
(312) 382-7520 or firstname.lastname@example.org
FIL-29-2009 - PDF (PDF Help)
FDIC financial institution letters (FILs) may be
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Paper copies of FDIC financial institution letters
may be obtained through the FDIC's Public
Information Center, 3501 Fairfax Drive, E-1002,
Arlington, VA 22226
(1-877-275-3342 or 703-562-