Agencies Issue Joint Proposal to Rescind 2023 Community Reinvestment Act Final Rule
Federal bank regulatory agencies today jointly issued a proposal to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023 and replace it with the prior CRA regulations that were originally adopted by the agencies in 1995, with certain technical amendments. If adopted, the proposal would restore certainty in the CRA framework for…
FDIC: Board of Directors Approve Notice of Proposed Rulemaking on the Establishment and Relocation of Branches and Offices
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking to streamline the processes for the establishment and relocation of domestic branches and offices. The proposed rule is intended to improve the speed and certainty of, and reduce the regulatory burden associated with, the filing process under 12 CFR…
FDIC: Board of Directors Propose to Establish Office of Supervisory Appeals
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a proposal that would amend the agency’s Guidelines for Appeals of Material Supervisory Determinations. Through this proposal, the FDIC would replace the existing Supervision Appeals Review Committee (SARC) with an independent, standalone office within the FDIC, known as the Office of Supervisory Appeals (Office)….
FDIC: Agency Proposes Regulatory Threshold Adjustments and Indexing to Reflect Inflation for Certain Regulations
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a notice of proposed rulemaking (NPR) that would update certain regulatory thresholds to reflect historical inflation, including those under 12 CFR part 363 related to annual independent audit and reporting requirements, and adjust those thresholds in the future based on a proposed indexing methodology. FDIC…
Agencies Issue Joint Statement on Risk-Management Considerations for Crypto-Asset Safekeeping
Federal bank regulatory agencies today issued a joint statement in their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities. The statement highlights for banks potential risk-management considerations related to holding crypto-assets on their customers’ behalf, or crypto-asset safekeeping. The joint statement discusses existing risk-management principles that apply to crypto-asset safekeeping and reminds…
FDIC: Supervisory Relief Granted to Help Financial Institutions and Facilities Recover in Areas of Texas Affected by Severe Storms, Straight-Line Winds and Flooding
The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Texas affected by severe storms, straight-line winds, and flooding. Please review the FDIC’s Disaster Page to review information about what to do if your bank is affected. Statement of Applicability: The contents of, and material referenced…
FDIC: Coleman County State Bank (Coleman, TX) Acquires Insured Deposits of The Santa Anna National Bank (Santa Anna, TX)
The Santa Anna National Bank of Santa Anna, Texas, was closed today by the Office of the Comptroller of the Currency (OCC), which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with Coleman County State Bank of Coleman, Texas, to assume the insured deposits and some…
OCC: FDIC Appointed as Receiver for The Santa Anna National Bank of Santa Anna, Texas
The Office of the Comptroller of the Currency (OCC) today appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for The Santa Anna National Bank, Santa Anna, Texas. As of March 31, 2025, the bank reported approximately $77 million in total assets. The OCC acted after finding the bank had experienced substantial dissipation of assets…
Agencies Release 2025 List of Distressed and Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2025 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…