Transparency & Accountability - Bank Applications

In its role as federal regulator, the FDIC reviews applications submitted by its insured institutions, individuals, and other entities for approval to undertake various transactions. These include applications for obtaining federal deposit insurance, engaging in mergers and acquisitions, and establishing branches.

Actions for selected application types since 2013 can be searched from the Application Search Tool.

For further questions regarding bank applications, please contact Supervision@fdic.gov.

**Overview of Application Activity**
**12 months ending 12/31/2023**

**Disposition of applications received**
Disposition	Deposit Insurance	Branch	Change in Control	Merger	Management Change	Total
Approved	5	398	15	62	58	538
Denied	0	0	0	0	3	3
Returned	3	0	0	3	1	7
Withdrawn	6	15	5	2	9	37
Totals	14	413	20	67	71	585

**Processing days from original receipt**
	Deposit Insurance	Branch	Change in Control	Merger	Management Change	Total
Average	317	29	118	109	70	-
Median	328	22	64	89	32	-

**Processing days from receipt of a substantially complete application**
	Deposit Insurance	Branch	Change in Control	Merger	Management Change	Total
Average	229	20	53	68	25	-
Median	188	19	39	46	23	-
Timeframe Goal¹	120	30	45	60	25	-
Total # Approved within Goal	0	365	11	37	40	453
Percent	0%	92%	73%	60%	69%	84%

¹Processing days from receipt of a substantially complete application for approvals Archive of Overviews of Application Activity 12 months ending 12/31/2023 12 months ending 12/31/2022 12 months ending 12/31/2021 12 months ending 12/31/2020 12 months ending 12/31/2019 12 months ending 12/31/2018