The Federal Deposit Insurance Corporation (FDIC) has issued guidance setting out supervisory and operational relief intended to support institutions and customer recovery in Mississippi areas affected by the severe winter storm. The package encourages banks to work constructively with borrowers experiencing disaster-related difficulties and signals flexibility around certain reporting, publishing, and temporary facilities requirements. The storm caused significant property damage from 23 January 2026 to 27 January 2026, and the Federal Emergency Management Agency declared a federal disaster for selected areas on 6 February 2026. Covered locations include Adams, Alcorn, Attala, Benton, Bolivar, Calhoun, Carroll, Claiborne, Coahoma, DeSoto, Grenada, Holmes, Humphreys, Issaquena, Jefferson, Lafayette, Lee, Leflore, Marshall, Montgomery, Panola, Pontotoc, Prentiss, Quitman, Sharkey, Sunflower, Tallahatchie, Tate, Tippah, Tishomingo, Tunica, Union, Warren, Washington, Yalobusha, and Yazoo Counties, and the Mississippi Choctaw Indian Reservation. The FDIC indicated it will not criticize prudent loan term adjustments consistent with safe-and-sound banking, noted potential favorable Community Reinvestment Act consideration for eligible community development activity supporting disaster recovery, and encouraged monitoring of municipal securities and loans in affected areas. For institutions facing disaster-related disruption, the FDIC will consider causes beyond the institution’s control when assessing delays in Reports of Income and Condition and will consider relief from certain publishing requirements related to branch actions; it also highlighted Regulation Z’s rescission-period flexibility for principal dwelling-secured loans in a “bona fide personal financial emergency,” and said the Dallas Regional Office will expedite requests to operate temporary banking facilities. FEMA may make additional disaster designations after further damage assessments, and the FDIC directed institutions to consult its disaster resources for steps to take if operations are affected.
Federal Deposit Insurance Corporation 2026-04-22
Federal Deposit Insurance Corporation offers supervisory and operational relief for FDIC-supervised institutions in Mississippi winter storm disaster areas
The Federal Deposit Insurance Corporation has issued guidance providing supervisory and operational relief to support institutions and customer recovery in Mississippi areas affected by the January 2026 severe winter storm. The FDIC encourages constructive work with affected borrowers, flexibility on prudent loan term adjustments, reporting requirements, and temporary facilities, and notes potential favorable Community Reinvestment Act consideration for qualifying community development activities. Institutions are also encouraged to monitor municipal securities and loans in affected areas and consult FDIC disaster resources.