Tag Archives: de novo

FDIC Renews Focus on De Novo Charters

On December 6, 2018, the Federal Deposit Insurance Corporation (“FDIC”) released a series of documents relating to the process for chartering a de novo FDIC-insured depository institution. A request for information (“RFI”) on all aspects of the FDIC’s deposit insurance application process. The RFI seeks comments on the transparency and efficiency of the application process, … Continue Reading

FDIC Issues Draft Handbook for De Novo Bank Organizers

Last Thursday, the FDIC issued a draft handbook for organizers of de novo insured depository institutions.  The handbook provides an explanation of the process for submitting an application to the FDIC in order to offer FDIC-insured deposit products.  The handbook is relevant for any person or company that is interested in a bank charter and proposing to accept … Continue Reading
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