On December 22, 2016, the FDIC released a handbook, developed to facilitate the process of establishing new banks, by offering guidance for navigating the phases of establishing an insured institution. The handbook, titled "Applying for Deposit Insurance— A Handbook for Organizers of De Novo Institutions," is part of recent efforts by the FDIC to increase transparency and clarity regarding the deposit insurance application process. The standards in the Handbook relax certain requirements that had been imposed as a result of the financial crisis. Comments on the handbook are due February 20, 2017.
The handbook is available at: https://www.fdic.gov/regulations/applications/handbook.pdf.
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