Federal Deposit Insurance Corporation press releases

Press Release: Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States

PRESS RELEASE | JULY 13, 2026 Agencies Issue Guidance on Lending to Individuals Not Legally Authorized to Work in the United States WASHINGTON — The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the agencies) today issued guidance to remind supervised financial institutions of their existing obligations with respect to credit risk management, particularly as it relates to borrowers who are not legally authorized to work in the United States. As the guidance discusses, lending to individuals who are not legally authorized to work in the United States may present elevated credit risk because a borrower’s ability to generate income, maintain employment, and remain financially stable may be subject to greater uncertainty. Among other things, the guidance advises financial institutions to identify, measure, monitor, and control these risks through safe and sound underwriting practices that assess a borrower’s willingness and capacity to repay according to the terms of the credit obligation. Today’s guidance also advises financial institutions to carefully consider the June 8, 2026, “Statement on Ability To Repay and Immigration Status,” issued by the Consumer Financial Protection Bureau, reminding creditors of their obligations under the Truth in Lending Act as implemented by Regulation Z, and the Equal Credit Opportunity Act, as implemented by Regulation B, as they relate to non-work authorized borrowers. The agencies issued the guidance in accordance with Executive Order 14406, “Restoring Integrity to America’s Financial System,” to address risks to the financial system posed by the extension of credit or financial services to the inadmissible and removable population. # # # ATTACHMENT: Guidance on Lending to Individuals Not Legally Authorized to Work in the United States MEDIA CONTACTS: Federal Deposit Insurance Corporation Brian Sullivan (202) 898-6534 National Credit Union Administration Ashley Gordon adgordon@ncua.gov Office of the Comptroller of the Currency Stephanie Collins (202) 649-6870 The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Press Release: Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association

PRESS RELEASE | JULY 10, 2026 Kentland Bank Assumes All Deposits of Kentland Federal Savings and Loan Association WASHINGTON — Kentland Federal Savings and Loan Association of Kentland, Indiana was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana (no affiliation with Kentland Federal Savings and Loan Association) to purchase substantially all assets and assume all deposits of Kentland Federal Savings and Loan Association. As of March 31, 2026, Kentland Federal Savings and Loan Association reported total assets of $3.73 million and total deposits of $3.65 million. It was the smallest standalone bank in the United States. The sole branch of Kentland Federal Savings and Loan Association will permanently close. Depositors of Kentland Federal Savings and Loan Association will automatically become depositors of Kentland Bank. The deposits assumed by Kentland Bank will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship. The Kentland branch of Kentland Bank is located at 111 N 4th St, Kentland, Indiana 47951, and the phone number is 219-474-1500. Customers of Kentland Federal Savings and Loan Association will have immediate access to their deposits at all branches of Kentland Bank during normal business hours beginning Monday, July 13, 2026. Loan customers of Kentland Federal Savings and Loan Association should make payments to Kentland Bank at any branch of Kentland Bank . Customers with questions about this transaction may visit the FDIC’s website or contact the FDIC toll-free at 1-866-314-1744. This phone number will be operational this evening until 8:00 p.m., Central Time (CT); on Saturday from 9:00 a.m. to 5:00 p.m., CT; on Sunday from noon to 4:00 p.m., CT; Monday from 8:00 a.m. to 5:00 p.m., CT; and thereafter from 8:00 a.m. to 4:00 p.m., CT. The FDIC preliminarily estimates that the failure will cost the Deposit Insurance Fund approximately $1.2 million. # # # MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Press Release: FDIC Issues List of Banks Examined for CRA Compliance

PRESS RELEASE | JULY 2, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2026. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990. You may obtain a consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, or obtain a hard copy from FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200). A copy of an individual bank's CRA evaluation is available directly from the bank, which is required by law to make the material available upon request, or from the FDIC's Public Information Center. # # # ATTACHMENTS: July 2026 List of Banks Examined for CRA Compliance Monthly List of Banks Examined for CRA Compliance MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Press Release: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

PRESS RELEASE | JUNE 30, 2026 Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies WASHINGTON — Federal bank regulatory agencies today released the 2026 list of certain geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The list released by the agencies includes distressed or underserved nonmetropolitan middle-income geographies where revitalization or stabilization activities are eligible to receive CRA consideration. The designations reflect local economic conditions, including unemployment, poverty, and population changes. Previous years’ lists and criteria for designating these areas are available here . Revitalization or stabilization activities in these geographies are eligible to receive CRA consideration under the community development definition for 12 months after publication of the current list. As with past lists, the agencies apply a one-year lag period for geographies that were included in 2025 but are no longer designated as distressed or underserved in the current list. # # # ATTACHMENTS: 2026 List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies (PDF) Source Information and Methodology (PDF) MEDIA CONTACTS: Federal Deposit Insurance Corporation Julianne Fisher Breitbeil (202) 898-6895 Federal Reserve Board Chelsea Grate (202) 452-2955 Office of the Comptroller of the Currency Monica McCoy (202) 649-6870 The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

FDIC Publishes Enforcement Orders for May 2026

PRESS RELEASE | JUNE 26, 2026 FDIC Publishes Enforcement Orders for May 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in May 2026. There are no administrative hearings scheduled for July 2026. Order to Pay Civil Money Penalty: Alliance Community Bank, Petersburg, Illinois Consent Order: Connect Community Bank, Raymond, Washington Orders Terminating Consent Orders: Brighton Bank, Brighton, Tennessee Brighton Bank, Brighton, Tennessee Herring Bank, Amarillo, Texas Herring Bank, Amarillo, Texas Liberty Bank, Inc., Salt Lake City, Utah Order of Prohibition from Further Participation and Order for Restitution: Brandon G. Emrick, as an institution-affiliated party of Truist Bank, Charlotte, North Carolina Orders of Prohibition from Further Participation: Hailee T. Ray, as an institution-affiliated party of Herring Bank, Amarillo, Texas Kathy J. Stapp, as an institution-affiliated party of Bank of Labor, Overland Park, Kansas Feliciano Pineda, as an institution-affiliated party of Hancock Whitney Bank, Gulfport, Mississippi Russell Lucius Laffitte, as an institution-affiliated party of Palmetto State Bank, Hampton, South Carolina Amar B. Ali, as an institution-affiliated party of Spectra Bank, Fort Worth, Texas Jasmine Eubanks, as an institution-affiliated party of Citizens Savings Bank and Trust Company, Nashville, Tennessee Cynthia M. Renfro, as an institution-affiliated party of First State Bank of Brownsboro, Brownsboro, Texas Orders Terminating Orders Relating to Section 19 of the FDI Act (Section 19): Six Orders Terminating Orders Issued Pursuant to Section 19 Order of Acceptance of Voluntary Termination of Insured Status: Independence Bank, East Greenwich, Rhode Island Decision and Order Denying Petition for Modification and Stay of Order for Restitution: John C. Ponte, as an institution-affiliated party of Independence Bank, East Greenwich, Rhode Island May 2026 Enforcement Decisions and Orders # # # MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

FDIC Board of Directors Meeting

BOARD MEETING | JUNE 25, 2026 FDIC Board of Directors Meeting Today, the Federal Deposit Insurance Corporation’s Board of Directors met in open session to consider the following matters. Materials and information relative to the open Board actions are available on the Board Matters webpage . Items Addressed in Open Session: Notice of Proposed Rulemaking: Resolution Submissions Required for Covered Insured Depository Institutions Statement by Chairman Travis Hill Press Release Financial Institution Letter Notice of Proposed Rulemaking: Assessments Thresholds, Rate Schedules, and Adjustments Statement by Chairman Travis Hill Press Release Financial Institution Letter Notice of Proposed Rulemaking: Disclosure of Information Statement by Chairman Travis Hill Press Release Financial Institution Letter A recording of the full webcast of the open session is available. Board Materials The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Sunshine Act Notice: FDIC Board of Directors Meeting

SUNSHINE ACT MEETING NOTICE The FDIC Board of Directors will meet in an open session: Date and Time: Thursday, June 25, 2026 | 2:00 p.m. ET Place: The Board meeting will be open to public observation by webcast . Members of the media should contact the Office of Communications by Wednesday, June 24, at MediaRequests@FDIC.gov to attend in person from FDIC Headquarters, 550 17th Street, NW, Washington, DC. Read Notice & Agenda The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Press Release: FDIC Statement on the Passing of Chairman William Isaac

PRESS RELEASE | JUNE 22, 2026 FDIC Statement on the Passing of Chairman William Isaac WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) is saddened by the news of the passing of former Chairman William Isaac. Mr. Isaac served as the 14th Chairman of the FDIC from 1981 through 1985. He was appointed to the FDIC Board of Directors in 1978 and was later named Chairman by President Ronald Reagan, becoming the youngest Chairman in the agency’s history at that time. During his tenure, he led the federal response to the banking and savings and loan crises of the 1980s. Some 3,000 banks and thrifts failed, including many of the largest regional banks throughout the country. Mr. Isaac is widely credited with helping to maintain stability in the financial system during this period of stress. His contributions helped shape important discussions about bank supervision, resolution practices, and deposit insurance policy, and he remained an influential voice on banking issues long after his government service. The FDIC extends its heartfelt condolences to his wife and family. # # # MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Press Release: FDIC Issues List of Banks Examined for CRA Compliance

PRESS RELEASE | JUNE 5, 2026 FDIC Issues List of Banks Examined for CRA Compliance WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in March 2026. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including those of low- and moderate-income neighborhoods, consistent with safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated the public disclosure of an evaluation and rating for each bank or thrift that undergoes a CRA examination on or after July 1, 1990. You may obtain a consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, or obtain a hard copy from FDIC's Public Information Center, 3501 Fairfax Drive, Room E-1002, Arlington, VA 22226 (877-275-3342 or 703-562-2200). A copy of an individual bank's CRA evaluation is available directly from the bank, which is required by law to make the material available upon request, or from the FDIC's Public Information Center. ATTACHMENTS: June 2026 List of Banks Examined for CRA Compliance Monthly List of Banks Examined for CRA Compliance # # # MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Press Release: Agencies Remove Additional References to Reputation Risk

PRESS RELEASE | JUNE 2, 2026 Agencies Remove Additional References to Reputation Risk WASHINGTON—The federal bank regulatory agencies today jointly updated certain interagency documents to remove references to reputation risk. The agencies are taking this action to complement their earlier actions that ended the use of reputation risk in supervision. As the agencies have previously noted, reputation risk can be misused by supervisors as a basis to encourage or pressure a bank to restrict individuals’ and legal businesses’ access to financial services due to their constitutionally protected political or religious beliefs, speech, or conduct or lawful business activities. These updates help ensure supervisory decisions are based on material financial risks, as well as increase clarity and facilitate greater precision in supervisory decision making. The updates to the interagency documents are limited to removing references to reputation risk. The agencies continue to review their supervisory materials and may update additional documents as appropriate. # # # Related Links FDIC Financial Institution Letter OCC Bulletin 2026-23, “ Bank Supervision: Removing References to Reputation Risk ” News Release, “ Agencies Issue Final Rule to Prohibit Use of Reputation Risk by Regulators ,” April 7, 2026 Press Release, “ Following earlier actions to remove reputation risk from its supervision of banks, Federal Reserve Board requests comment on proposal to codify that removal ,” February 23, 2026 MEDIA CONTACTS: Federal Deposit Insurance Corporation Brian Sullivan (202) 898-6534 Federal Reserve Board Meg Badenhorst (202) 452-2955 Office of the Comptroller of the Currency Stephanie Collins (202) 649-6870 The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Updated: FDIC Publishes Enforcement Orders for April 2026

PRESS RELEASE | MAY 29, 2026 FDIC Publishes Enforcement Orders for April 2026 [NOTE: This previously issued notice was updated to clarify the respondents’ names associated with two enforcement matters noted below.] WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in April 2026. There are no administrative hearings scheduled for June 2026. Consent Order: Farmers and Mechanics Federal Savings Bank, Bloomfield, Indiana Order Terminating Consent Order: Dalhart Federal Savings & Loan Association, SSB, Dalhart, Texas Notice of Charges: Hailee T. Ray, as an institution-affiliated party of Herring Bank, Amarillo Texas Adjudicated Decision and Orders: Harry C. Calcutt, III, as an institution-affiliated party of Northwestern Bank, Traverse City, Michigan April 2026 Enforcement Decisions and Orders # # # MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US

Press Release: FDIC Issues CRA Examination Schedules for Third Quarter 2026 and Fourth Quarter 2026

PRESS RELEASE | MAY 29, 2026 FDIC Issues CRA Examination Schedules for Third Quarter 2026 and Fourth Quarter 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2026 and fourth quarter 2026. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The CRA is a 1977 law that requires the FDIC to assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. CRA examinations allow federal regulators to assess an institution's record of helping to meet those needs. CRA examinations are scheduled based on an institution’s asset size and CRA rating. Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Satisfactory can be subject to a CRA examination no more frequently than once every 48 months. Absent reasonable cause, an institution with $250 million or less in assets and a CRA rating of Outstanding can be subject to a CRA examination no more frequently than once every 60 months. The schedules of institutions to be examined July 1, 2026, through September 30, 2026, and October 1, 2026, through December 31, 2026, are based on the best information now available and are subject to change. For example, a regulated financial institution not otherwise scheduled for an examination may be examined in connection with the application for a deposit facility. Alternatively, some institutions may require more time and resources than originally allotted, thus delaying other scheduled examinations. If an institution is rescheduled for a different quarter, that information will be included on a later list. Federal bank and thrift regulators encourage public comment on the institutions to be examined under the CRA. Comments about FDIC-supervised institutions should be directed to the institutions themselves or to the Deputy Regional Director of the appropriate FDIC regional office (attached). All public comments received prior to completion of a CRA examination will be considered. The CRA examination schedules for the third quarter of 2026 and fourth quarter of 2026 are attached. Schedules also can be obtained by calling (703) 562-2200 or (877) 275-3342, faxing a request to (703) 562-2296, or writing to: FDIC Public Information Center 3501 Fairfax Drive Room E-1002 Arlington, VA 22226 ATTACHMENTS: CRA Exam Schedule Listings for Third Quarter 2026 and Fourth Quarter 2026 FDIC CRA Regional Office Contacts # # # MEDIA CONTACT: MediaRequests@fdic.gov The FDIC does not send unsolicited email. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe . CONNECT WITH US