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

Financial Institution Letters

FIL-81-2016
December 22, 2016

FDIC Seeking Comment on a Publication Entitled Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions

Printable Format:

FIL-81-2016 - PDF (PDF Help)

Summary:

The FDIC is seeking comment on a handbook developed to facilitate the process of establishing new banks.  Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions provides an overview of the business considerations and statutory requirements that de novo organizers will face as they work to establish a new depository institution and apply for deposit insurance.  It offers guidance for navigating three phases of establishing an insured institution: pre-filing activities, the application process, and pre-opening activities. 

Statement of Applicability to Institutions With Total Assets Under $1 Billion: This Financial Institution Letter applies to all proposed insured depository institutions.

Highlights:

Distribution:

Suggested Routing:

Related Topics:

12 CFR Part 303 (Subparts A and B)

FDIC Statement of Policy on Applications for Deposit Insurance - Effective October 1, 1998

Guidance Related to the FDIC Statement of Policy on Applications for Deposit Insurance - Questions and Answers (Q&As) Posted November 2014 and April 2016
(https://www.fdic.gov/news/news/financial/2014/fil14056.html)
(https://www.fdic.gov/news/news/financial/2016/fil16024.html)

Attachment:

Contact:

Note:

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at https://www.fdic.gov/news/news/financial/2016/

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

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 703-562-2200).

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