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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
Guidance to Help Financial Institutions and to Facilitate Recovery in Areas of Arkansas and Tennessee Affected by Severe Storms and Tornadoes
February 11, 2008

Summary: The Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in areas of Arkansas and Tennessee affected by recent severe storms and tornadoes.

  • Severe storms and tornadoes have caused significant property damage to areas of Arkansas and Tennessee.
  • In Arkansas, the counties of Baxter, Conway, Independence, Izard, Pope, Randolph, Sharp, Stone, Union, and Van Buren have been declared federal disaster areas. Individuals and households in these counties may be eligible for federal assistance.
  • In Tennessee, the counties of Hardin, Macon, Madison, Shelby, and Sumner have been declared federal disaster areas. Individuals and households in these counties may be eligible for federal assistance.
  • The FDIC is encouraging financial institutions 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 will also consider regulatory relief from certain filing and publishing requirements for banks in the affected areas.

FDIC-Supervised Banks (Commercial and Savings) in Arkansas and Tennessee

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 and Tornadoes in Arkansas and Tennessee.

Assistant Regional Director Mark G. Taylor at (972) 761-2028 or

Printable Format:
FIL-7-2008 - PDF (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 02/11/2008

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