- Severe thunderstorms and tornadoes in central Florida have resulted in significant damage across Lake, Seminole, Sumter and Volusia counties.
- The FDIC is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by the storms.
- 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 Florida
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository Institutions and Borrowers in Areas Affected by Severe Storms and Tornadoes in Central Florida
Assistant Regional Director David Crumby at 678-
916-2173 or firstname.lastname@example.org
FIL-18-2007 - PDF 39k (PDF Help)
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