- Severe winter weather has caused significant property damage and long-term power outages in areas of Kentucky and Arkansas.
- Federal disasters were declared on January 28, 2009, for selected counties in Kentucky and Arkansas.
- The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by the severe winter weather.
- 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 also will consider regulatory relief from certain filing and publishing requirements.
FDIC-Supervised Banks (Commercial and Savings) in Kentucky and Arkansas
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository Institutions and Borrowers Affected By Severe Winter Weather in Kentucky and Arkansas
For Kentucky, Acting Assistant Regional Director
Richard Perkins at (312) 382-7520 or
For Arkansas, Assistant Regional Director Joseph
Meade at (972) 761-2068 or firstname.lastname@example.org
FIL-10-2009 - PDF (PDF Help)
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