OCC Commends FDIC Reform, Advances Priority to Reinvigorate De Novo Chartering — 2026-08-11

New FDIC process to review deposit insurance applications aligns with OCC efforts WASHINGTON—The Office of the Comptroller of the Currency continues to prioritize reinvigorating de novo chartering to build a robust, diverse banking system that supports the U.S. economy and commends the Federal Deposit Insurance Corporation for its recent efforts to do the same. “De novo chartering is a sign of a healthy banking system,” said Comptroller of the Currency Jonathan V. Gould. “The FDIC’s new process to review deposit insurance applications aligns with the OCC’s efforts to reverse the decline in de novo chartering by providing a clear and transparent application process that encourages new entrants to the banking system – which drive innovation and expand consumer choice.” Over the past 15 years, de novo chartering declined significantly, contributing to a less dynamic and competitive banking industry.