FDIC's Supervisory Insights Summer Edition Focuses on De Novo Formation — 2016-08-22

FDIC’s Supervisory Insights Summer Edition Focuses on De Novo Formation The Federal Deposit Insurance Corporation (FDIC) today issued “De Novo Banks: Economic Trends and Supervisory Framework,” which appears in the Summer 2016 issue of Supervisory Insights. The article provides an overview of trends in de novo formation; the process by which the FDIC reviews applications for deposit insurance; the supervisory process for de novo institutions; and steps the FDIC is taking to support de novo formations. “The information provided in this article reflects the FDIC’s ongoing efforts to work with, and provide support to, groups interested in organizing a de novo institution,” Doreen R. Eberley, director of FDIC’s Division of Risk Management Supervision, said.