- Severe storms, tornadoes and flooding have caused significant damage to areas of Oklahoma.
- Thirty-three counties have been declared federal disaster areas, with the addition of Bryan, Canadian, Cleveland, Cotton, Grady, Kingfisher, McClain, Oklahoma, Rogers and Stephens 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 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)
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository
Institutions and Borrowers in Areas Affected by
Severe Storms and Flooding in Oklahoma
Assistant Regional Director Mark G. Taylor
at (972) 761-2028 or MTaylor@fdic.gov
FIL-74-2007 - PDF (PDF Help)
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