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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

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Inactive Financial Institution Letters

Regulatory Relief
Steps to Help Rebuild Areas Affected by Hurricane Dennis
July 12, 2005

Summary: The Federal Deposit Insurance Corporation has announced a series of steps intended to facilitate the rebuilding process in areas damaged by Hurricane Dennis and severe storms.

  • Hurricane Dennis and associated storms have resulted in wind damage, heavy rainfall and flooding in the South.
  • The FDIC is encouraging banks to work constructively with borrowers who, because of the natural disaster, are experiencing difficulties beyond their control.
  • 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.

FDIC-Supervised Banks (Commercial and Savings) in Alabama, Florida, Georgia and Mississippi.

Suggested Routing:
Chief Executive Officer
Compliance Officer
Chief Lending Officer

Related Topics:
Publishing Requirements
Consumer Laws

Supervisory Practices Regarding Depository Institutions and Borrowers Affected by Severe Storms

Assistant Regional Director Gale Simons-Poole at or 678-916-2200
(Alabama, Florida and Georgia)
Assistant Regional Director Patricia A. Lenfert at or 901-821-5203 or 901-685-1603

Printable Format:
FIL-62-2005 - PDF 27k (PDF Help)

FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at

To receive FILs electronically, please visit

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).

Last Updated 7/12/2005

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