Financial Institution Letter

FDIC Seeking Comment on a Publication Entitled Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions FIL-81-2016
12/22/2016

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.

Distribution:
FDIC-Insured Depository Institutions

Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2016/fil16081.html

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