The Federal Deposit Insurance Corporation announced supervisory relief for FDIC-supervised institutions and encouraged them to work constructively with borrowers affected by Tropical Storm Arthur in Hancock, Harrison, Pearl River and Stone counties. The agency will not criticize prudent loan adjustments consistent with safe and sound banking practices, and qualifying disaster-recovery loans, investments and services may receive Community Reinvestment Act consideration. The relief includes case-by-case consideration of delays in regulatory reporting and difficulties meeting publishing requirements, as well as expedited requests for temporary banking facilities. Institutions should monitor affected municipal securities and loans and individually assess loan modifications under applicable accounting standards to determine whether borrowers are experiencing financial difficulty.
2026-08-17Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation announces supervisory relief for institutions in Mississippi areas affected by Tropical Storm Arthur
The Federal Deposit Insurance Corporation announced supervisory relief for institutions in four Mississippi counties affected by Tropical Storm Arthur. Measures include flexibility for prudent loan modifications, possible Community Reinvestment Act consideration, case-by-case reporting and publishing relief, and expedited temporary banking facilities.