- Severe storms, tornadoes and flooding have caused significant damage to areas of Texas and Oklahoma.
- In Texas, 33 counties have now been declared federal disaster areas, with the addition of Guadalupe, Henderson, Nueces, Van Zandt, Walker and Zavala counties on August 7, 2007.
- In Oklahoma, 17 counties have been declared federal disaster areas, with the addition of Logan, Payne, Pontotoc, Ottawa, Seminole and Washington counties on July 7, 2007.
- The FDIC is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by the storms and floods.
- 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 Texas and Oklahoma
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository Institutions and Borrowers in Areas Affected by Severe Storms and Flooding in Oklahoma and Texas
Acting Deputy Regional Director Cheryl A. Couch
(972) 761-2070 or email@example.com
FIL-68-2007 - PDF 37k (PDF Help)
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