The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking to streamline the application process for establishing and relocating domestic branches and offices under 12 CFR part 303, aiming to increase speed and certainty while reducing regulatory burden. The proposal would cover insured state non-member banks seeking to establish a branch or relocate a main office or branch, and insured branches of foreign banks seeking to move locations. It would deem filings from institutions eligible for expedited processing approved three business days after submission, remove the FDIC’s discretion to take filings out of expedited processing, eliminate filing requirements for de minimis branch facility changes, and eliminate public notice and public comment requirements. Comments are due 60 days after publication in the Federal Register.
Federal Deposit Insurance Corporation 2025-07-15
Federal Deposit Insurance Corporation proposes streamlined approvals for establishing and relocating branches and offices with three-day deemed approval for expedited filings
The Federal Deposit Insurance Corporation (FDIC) Board approved a proposed rulemaking to streamline the application process for establishing and relocating domestic branches and offices. The proposal targets insured state non-member banks and insured branches of foreign banks, introducing expedited processing and removing certain filing and public notice requirements to reduce regulatory burden.