The Federal Financial Institutions Examination Council, on behalf of its member entities, has released a statement on promoting de novo depository institution formation and providing greater transparency on the formation process. The statement includes agency-specific resources for applicants and is not intended to introduce new instructions.
Federal Financial Institutions Examination Council releases de novo depository formation statement with applicant resources
The Federal Financial Institutions Examination Council has issued a statement on de novo depository institution formation. It provides agency-specific applicant resources and is framed as added transparency rather than new instructions.