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Financial Institution Letters

Regulatory Relief
Guidance to Help Financial Institutions and to Facilitate Recovery in Additional Storm- and Flood-Affected Areas of Ohio and Wisconsin
September 12, 2007

Summary: In an update to FIL-75-2007, the Federal Deposit Insurance Corporation (FDIC) has announced a series of steps intended to provide regulatory relief to financial institutions and to facilitate recovery in additional areas of Ohio and Wisconsin that are suffering from storms and flooding.


  • Severe storms and flooding have caused significant damage to areas of Ohio and Wisconsin.
  • In Ohio, eight counties have now been declared federal disaster areas, with the addition of Hardin and Seneca counties.
  • In Wisconsin, 14 counties have been declared federal disaster areas, with the addition of Columbia, Dane, Grant, Green, Iowa, Jefferson, Kenosha, Racine, and Rock 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)
in Ohio and Wisconsin

Suggested Routing:
Chief Executive Officer
Compliance Officer
Chief Lending Officer

Related Topics:
Publishing Requirements
Consumer Laws

Supervisory Practices Regarding Depository Institutions and Borrowers in Areas Affected by Severe Storms and Flooding in Ohio and Wisconsin

For Ohio, Assistant Regional Director Kirk L. Holt at
(312) 382-7592 or KHolt@fdic.gov.
For Wisconsin, Assistant Regional Director Javier
S. Serna at (312) 382-7520 or JSerna@fdic.gov.

Printable Format:
FIL-80-2007 - PDF (PDF Help)

FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2007/index.html.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562- 2200).

Last Updated 9/12/2007 communications@fdic.gov