Regulatory Alerts2025-06-02 | FIL-22-2025Added · Updated
Supervisory Relief to Help Financial Institutions and Facilitate Recovery in Areas of Kentucky Affected by Severe Storms, Straight-line Winds, Tornadoes, Flooding, Landslides, and Mudslides
The Federal Deposit Insurance Corporation issued supervisory relief for FDIC-supervised financial institutions operating in designated Kentucky counties impacted by severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides. The agency encourages prudent loan restructuring, extended repayment terms, and favorable Community Reinvestment Act consideration for disaster-related investments while waiving or extending certain filing, publishing, and reporting deadlines. Institutions may also request expedited approval for temporary banking facilities to maintain service continuity following property damage.
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