- The recent wildfires have resulted in considerable damage to the public infrastructure, structures, equipment and land in the affected areas of Oklahoma and Texas.
- The FDIC is encouraging banks to work constructively with borrowers who, because of these natural disasters, 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.
- The FDIC will also consider regulatory relief from certain filing and publishing requirements.
FDIC-Supervised Banks (Commercial and Savings) in Oklahoma and Texas
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository Institutions and Borrowers Affected by the Wildfires
For Oklahoma Institutions:
Assistant Regional Director Wayne Nichols
972-761-2067 or email@example.com
For Texas Institutions:
Assistant Regional Director Cheryl Couch
972-761-2030 or firstname.lastname@example.org
FIL-130-2005 - PDF 32k (PDF Help)
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.
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).