Severe storms and flooding that began on September 18, 2009, have caused significant property damage in Georgia.
A federal disaster was declared on September 24, 2009, and includes individual assistance for Carroll, Cherokee, Cobb, Douglas and Paulding counties.
The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by these disasters.
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)
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository Institutions And Borrowers Affected By Severe Storms and Flooding in Georgia - PDF (PDF Help)
Assistant Regional Director Frank Gray at (678) 916-2183 or FGray@fdic.gov
FIL-57-2009 - PDF (PDF Help)
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2009/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).