RegAlert2026-08-10 | FIL-48-2026Added · Updated
Revised Procedures for Processing Federal Deposit Insurance Applications
The FDIC outlines a two-phase approach for processing deposit insurance applications, beginning with a 120-day contingent authorization phase requiring specific initial submissions such as business plans, financial projections, and biographical reports. The subsequent organizational phase extends up to 12 months from contingent authorization, mandating the provision of final organizational documents, employment agreements, and risk management policies. The process concludes with final approval items, including a pre-opening examination scheduled 30 days before the institution's proposed opening, followed by the issuance of a deposit insurance certificate.
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FDIC’s Two-Phase Approach for Processing Deposit Insurance Applications The following summary details the FDIC’s two-phase approach for processing deposit insurance applications and describes information de novo applicants will be expected to provide the agency during this review process. Organizers are generally encouraged to meet with FDIC staff and other applicable regulatory agencies before submitting a deposit insurance application.1 A pre-filing meeting promotes open communication between the applicant and the FDIC regarding the specifics of the potential application, regulatory expectations, and the application process. During the prefiling meeting, a dedicated FDIC Case Manager will be assigned to serve as the primary point of contact for the organizers. Throughout the application process, all information, including meeting materials and responses to future information requests, should be provided simultaneously to the FDIC and chartering authority when possible. Phase 1 – Within 120 Calendar Days from Receipt:
Contingent Authorization Phase
Within # of Days from Receipt Activities 3 Business Days The FDIC sends an acknowledgment letter to the applicant. 30 Calendar Days FDIC staff reviews the Application Form and all supporting exhibits/materials. As part of the initial submission, the FDIC will expect to receive the following content with the application:
- A comprehensive business plan that provides a market and
competitive analysis, customer demographics, anticipated products and services, the planned office/branch structure, and any other pertinent items. - Accompanying financial projections with supporting assumptions
for the first three years of operations, along with appropriate sensitivity analyses and/or stress testing. The financial projections should include quarterly and year-end data, as well as key ratios/metrics. Financial projections should also be provided for the parent organization, if applicable.2
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Source: Federal Deposit Insurance Corporation — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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FDIC published 13 documents in the last 30 days. We email you each new one the day it's published.