Regulatory Alerts2025-02-26 | FIL-2-2025Added · Updated
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
The Federal Deposit Insurance Corporation (FDIC) issued regulatory relief guidance to assist Kentucky financial institutions and borrowers impacted by severe storms, straight-line winds, flooding, landslides, and mudslides. The agency encourages depository institutions to extend repayment terms, restructure loans, and monitor municipal investments without examiner criticism while offering favorable Community Reinvestment Act consideration for related community development activities. Affected banks may also receive extensions for income and condition reports, expedited approval for temporary banking facilities, and relief from certain publishing requirements to ensure continued community service during recovery.
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