Financial Institution Letter
FDIC Releases Final Handbook for Organizers of De Novo Institutions
FIL-17-2017 5/1/2017
Summary:
Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions provides an overview of the business considerations and statutory requirements that de novo organizers will face as they work to apply for deposit insurance and establish a new depository institution.
Statement of Applicability to Institutions with Less Than $1 Billion in Total Assets: This Financial Institution Letter applies to all proposed insured depository institutions.
Distribution: FDIC-Insured Depository Institutions
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