Regulatory Alerts2025-09-23 | FIL-43-2025Supervisory Relief to Help Financial Institutions and Facilitate Recovery for the Sisseton-Wahpeton Oyate of the Lake Traverse Reservation in South Dakota Affected by Severe Storm and Flooding
The Federal Deposit Insurance Corporation issued supervisory relief for FDIC-supervised financial institutions to facilitate recovery following severe storm and flooding that caused significant property damage across the Lake Traverse Indian Reservation in South Dakota. The agency encourages prudent loan term adjustments, restructuring, and community development investments that qualify for favorable Community Reinvestment Act consideration while granting flexibility in filing, publishing, and consumer rescission requirements. Institutions may also request expedited approval for temporary banking facilities and extended reporting deadlines, with the FDIC evaluating disaster-related delays to support long-term community and institutional health.