Regulatory Alerts2025-02-28 | FIL-3-2025Added · Updated
Guidance to Help Financial Institutions and Facilitate Recovery in Areas of West Virginia Affected by Severe Storms, Straight-line Winds, Flooding, Landslides, and Mudslides
The FDIC has issued regulatory relief for West Virginia financial institutions impacted by severe storms, flooding, landslides, and mudslides. The agency permits banks to restructure loans and extend repayment terms without examiner criticism while granting favorable Community Reinvestment Act consideration for disaster-related investments. Furthermore, the FDIC eases reporting and publishing deadlines and expedites temporary banking facility approvals to accelerate community recovery.
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