Federal Deposit Insurance Corporation press releases

Press Release: FDIC Publishes Enforcement Orders for April 2026

PRESS RELEASE | MAY 29, 2026 FDIC Publishes Enforcement Orders for April 2026 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: Herring Bank, Amarillo, Texas Adjudicated Decision and Orders: 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-Insured Institutions Reported Return on Assets of 1.26 Percent and Net Income of $80.5 Billion in First Quarter 2026

PRESS RELEASE | MAY 27, 2026 FDIC-Insured Institutions Reported Return on Assets of 1.26 Percent and Net Income of $80.5 Billion in First Quarter 2026 WASHINGTON— The Federal Deposit Insurance Corporation (FDIC) today released the results of its latest Quarterly Banking Profile , a comprehensive summary of financial results based on reports from 4,278 insured commercial banks and savings institutions. In first quarter 2026, FDIC-insured institutions reported a return on assets (ROA) ratio of 1.26 percent and aggregate net income of $80.5 billion, an increase of $2.8 billion (3.6 percent) from the prior quarter. The banking industry continued to maintain strong capital and liquidity levels, which support lending and protect against potential losses. Other key findings of the FDIC’s Quarterly Banking Profile include: Net income among community banks increased 3.9 percent from the prior quarter. Industry net interest margin declined 8 basis points from the prior quarter to 3.31 percent as earning asset yields declined faster than funding costs. Domestic deposits grew 2.1 percent, the seventh consecutive quarterly increase. Loan growth increased 1.6 percent from the prior quarter, and annual growth accelerated to 7.1 percent. Asset quality metrics remained generally favorable, though some commercial real estate and consumer portfolios continue to have elevated delinquency rates. The Deposit Insurance Fund reserve ratio increased 1 basis point to 1.43 percent. For more information, read the FDIC’s statement with accompanying charts . Additional charts and data are available for download. # # # 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 Publish Resolution Plan Feedback Letters for Certain Domestic and Foreign Banking Organizations

PRESS RELEASE | MAY 22, 2026 Agencies Publish Resolution Plan Feedback Letters for Certain Domestic and Foreign Banking Organizations WASHINGTON—The Federal Deposit Insurance Corporation and the Federal Reserve Board today published feedback letters for several resolution plans submitted in July 2025. Resolution plans, also known as living wills, must describe a banking organization’s strategy for orderly resolution in the event of material financial distress or failure. The agencies conducted a joint review of the 2025 resolution plan submissions from the eight largest and most complex domestic banking organizations as well as from 56 foreign banking organizations. The agencies did not identify any shortcomings or deficiencies in these resolution plan submissions. The agencies also determined that each derivatives-related weakness identified in the 2023 plans from Bank of America, Goldman Sachs, JPMorgan Chase, and Citigroup has been satisfactorily addressed. # # # ATTACHMENT: Feedback letters MEDIA CONTACTS: Federal Deposit Insurance Corporation Carroll Kim (202) 898-7389 Federal Reserve Board Meg Badenhorst (202) 452-2955 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

Statement by Chairman Travis Hill on Title I Feedback Letters and Resolution-Related Reforms

STATEMENT | MAY 22, 2026 Statement by Chairman Travis Hill on Title I Feedback Letters and Resolution-Related Reforms Today, the FDIC and Federal Reserve Board announced the approval of joint agency feedback letters in response to the 2025 resolution plan submissions of the eight U.S. global systemically important banks (GSIBs) and 56 foreign-based firms. As we review resolution plan submissions, we continue to reevaluate many aspects of how the FDIC plans for and executes resolving a large bank. I have talked about some of these activities in the past, 1 and I expect to provide additional details on our work in these areas in the near future. Among other things, we plan to propose amendments to the FDIC’s IDI Rule for large insured depository institutions in the coming weeks, are reevaluating several other resolution-related rules and policies, and expect to engage with the Federal Reserve Board on reconsidering elements of the Title I resolution planning process. As we make progress on these and related workstreams, our general objectives are to improve the FDIC’s preparedness to resolve a large bank, incorporate lessons learned from recent and historical bank failures, and rescind or modify requirements where the benefits do not justify the burdens. 1 See, e.g., Travis Hill, Resolution Readiness and Lessons Learned from Recent Large Bank Failures (Oct. 15, 2025). Read Chairman Hill's Statement 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 Board Approves Proposal to Address Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers

PRESS RELEASE | MAY 22, 2026 FDIC Board Approves Proposal to Address Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking that would implement Bank Secrecy Act (BSA) and sanctions compliance standards applicable to FDIC-supervised permitted payment stablecoin issuers (PPSIs) as required by the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act). Specifically, the proposed rule would require FDIC-supervised PPSIs to comply with applicable regulations regarding anti-money laundering/countering the financing of terrorism (AML/CFT) and economic sanctions programs, and reporting requirements, including requirements established by the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control. The proposed rule would also establish and align supervision and enforcement provisions for PPSI AML/CFT programs with FinCEN requirements. Comments on the proposed rule will be accepted for 60 days after publication in the Federal Register . As authorized by the GENIUS Act, the FDIC is the primary Federal regulator of PPSIs that are subsidiaries of insured state nonmember banks and state savings associations approved by the FDIC to issue payment stablecoins. # # # ATTACHMENT: Notice of Proposed Rulemaking to Establish Bank Secrecy Act and Sanctions Compliance Standards for FDIC-Supervised Permitted Payment Stablecoin Issuers 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

Statement by Chairman Travis Hill on the Proposal to Revise the CAMELS Rating System

STATEMENT | MAY 19, 2026 Statement by Chairman Travis Hill on the Proposal to Revise the CAMELS Rating System Federal Deposit Insurance Corporation (FDIC) Chairman Travis Hill today issued the following statement regarding the Federal Financial Institutions Examination Council’s approval of a proposal to revise the uniform financial institutions rating system, commonly known as CAMELS: Today’s proposal represents an important step in the FDIC’s ongoing efforts to reform bank supervision to focus on factors that materially affect an institution’s financial condition and risk profile. The FFIEC first developed the Uniform Financial Institutions Rating System, commonly referred to as CAMELS, in 1979 to establish a uniform framework to evaluate an institution’s “financial condition, compliance with laws and regulations, and overall operating soundness.” 1 The CAMELS framework has not been modified since 1996, while the banking industry has undergone significant changes. The proposal is intended to modify how the overall composite and individual component ratings are described to shift the emphasis away from a bank’s process for managing risks and towards factors and risks that materially impact a bank’s financial condition. Under the proposal, a bank’s internal controls and risk management would remain relevant in the overall evaluation, but the primary focus of the ratings system would be on fundamental financial risks most pertinent to safety and soundness. Key changes would include reducing the influence of the Management component rating on the overall composite rating; 2 limiting the impact of specialty exam considerations to those that pose material financial risk; and focusing the ratings definitions and evaluation factors on the areas most impactful to an institution’s financial condition. I thank the staffs of the FFIEC and its member entities for their work on the proposal. I encourage robust feedback and look forward to reviewing comments. 1 Federal Financial Institutions Examination Council, Uniform Rating System , (Nov. 13, 1979) p. 1. 2 Under the proposal, among other changes, the Management rating would no longer be given “special consideration” when assigning the composite rating, and the composite rating definitions would deemphasize consideration of management compared to the existing definitions. Read Chairman Hill's Statement 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 Releases Public Sections of Informational Filings for Six Insured Depository Institutions

PRESS RELEASE | MAY 14, 2026 FDIC Releases Public Sections of Informational Filings for Six Insured Depository Institutions WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released the public sections of informational filings for six large insured depository institutions (IDIs). The FDIC’s regulations require certain covered IDIs to submit informational filings every three years. These informational filings are required to include a Public Section, which is posted on the FDIC’s website, in addition to a nonpublic Confidential Section. These informational filing submissions were due by April 1, 2026. The public sections of the informational filings are available on the FDIC's website . # # # 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 Approves the Deposit Insurance Application for Stellantis Bank USA, Salt Lake City, Utah

PRESS RELEASE | MAY 14, 2026 FDIC Approves the Deposit Insurance Application for Stellantis Bank USA, Salt Lake City, Utah WASHINGTON—The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) approved a deposit insurance application submitted by Stellantis Financial Services U.S. Corporation to establish Stellantis Bank USA, which will be a Utah-chartered industrial bank. Applications for deposit insurance are evaluated under a statutory framework of seven factors that include: the financial history and condition of the institution; the adequacy of the institution’s capital structure; the future earnings prospects of the institution; the general character and fitness of the management of the institution; the risk presented by the institution to the Deposit Insurance Fund; the convenience and needs of the community to be served by the institution; and whether the institution’s corporate powers are consistent with the purposes of the Federal Deposit Insurance Act. Stellantis Bank USA’s proposed business model will focus on providing automotive financing products nationwide, primarily through the purchase of retail installment contracts from independent Stellantis dealers. Funding will primarily consist of deposits from affiliated entities, brokers, and listing services, as well as consumers and businesses nationwide via the bank’s website and mobile application. FDIC staff found that Stellantis Bank USA satisfied the statutory factors for approval, subject to certain conditions and written agreements. Among other conditions, Stellantis Bank USA will be required to maintain a minimum 15 percent tier 1 leverage ratio, and Stellantis N.V. and two of its subsidiaries will be required to support the bank’s capital and liquidity positions. The FDIC approval order expires if Stellantis Bank USA is not established within 12 months, unless extended by the FDIC. # # # ATTACHMENT: Stellantis Bank USA Order and Statement 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 Releases Staff Study of Deposit Flows at Three Failed Banks in Spring 2023

PRESS RELEASE | MAY 14, 2026 FDIC Releases Staff Study of Deposit Flows at Three Failed Banks in Spring 2023 Study focuses on depositor flight at Silicon Valley Bank, Signature Bank, and First Republic Bank WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today released “Dissecting Depositor Flight: An Analysis of the Spring 2023 Bank Failures,” a detailed staff study of deposit flows at three banks that failed in the spring of 2023. Using transaction-level data from Silicon Valley Bank (SVB), Signature Bank (SBNY), and First Republic Bank (FRB), the analysis provides a day-by-day look at depositor behavior around the time the institutions were closed and placed into FDIC receivership. Prior to failure, all three banks experienced deposit outflows that were unprecedented in their size and speed. FDIC Chairman Travis Hill said, “I have long believed that regulators need to develop a more sophisticated understanding of deposit behavior. This study provides a highly detailed account of deposit flows during the fastest bank runs in U.S. history and deepens our understanding of run dynamics in today’s banking environment.” Using operational data from the core deposit and wire systems of the three banks, FDIC staff studied depositor behavior in the weeks surrounding SVB, SBNY and FRB’s failures. Among other things, the study found that depositors with substantial uninsured funds were far more likely to run while fully insured retail depositors generally did not run prior to the banks’ failures. The study also suggested that other considerations are important as well. For example, the largest depositors at all three banks were significantly more likely to run than other uninsured depositors, withdrawing all or nearly all their deposits across their accounts, including accounts that may have been used for business operations. These withdrawal patterns also held true for certain categories of large depositors that maintained large insured balances on a pass-through basis. # # # ATTACHMENT: Dissecting Depositor Flight: An Analysis of the Spring 2023 Bank Failures 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 | MAY 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 February 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: May 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: Anchor Bank Assumes Insured Deposits of Community Bank and Trust - West Georgia, LaGrange, Georgia

PRESS RELEASE | MAY 1, 2026 Anchor Bank Assumes Insured Deposits of Community Bank and Trust - West Georgia, LaGrange, Georgia WASHINGTON—Community Bank and Trust - West Georgia of LaGrange, Georgia was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into an agreement with Anchor Bank of Palm Beach Gardens, Florida to assume substantially all insured deposits and acquire certain assets of Community Bank and Trust - West Georgia. The three branches of Community Bank and Trust - West Georgia will reopen as branches of Anchor Bank during its normal business hours on Monday, May 4, 2026. Depositors of Community Bank and Trust - West Georgia will automatically become depositors of Anchor Bank. The deposits assumed by Anchor Bank will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship. Customers of Community Bank and Trust - West Georgia will have immediate access to their insured deposits. Over the weekend, they can access their deposits by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual. As of December 31, 2025, Community Bank and Trust - West Georgia reported total assets of $288 million and total deposits of $268 million. Approximately $27 million of the deposits exceeded FDIC insurance limits; this amount is likely to change once the FDIC obtains additional information. The FDIC may make payments to uninsured depositors (i.e. provide an “advanced dividend”) at a later date based on the recoveries from the sale of the retained failed bank’s assets and will provide additional information as it becomes available. Customers with accounts in excess of $250,000 should contact the FDIC toll-free at 1-866-314-1744 to set up an appointment to discuss their deposits. This phone number will be operational this evening until 9:00 p.m., Eastern Time (ET); on Saturday from 9:00 a.m. to 6:00 p.m., ET; on Sunday from noon to 4:00 p.m., ET; and from Monday onward, from 9:00 a.m. to 5:00 p.m., ET. Any customers with questions may call the toll-free number above or visit the FDIC’s website . Beginning Monday, depositors of Community Bank & Trust - West Georgia may also visit the FDIC’s webpage “Is My Account Fully Insured?” to review the insurance coverage on their accounts. The FDIC estimates that the failure will cost its Deposit Insurance Fund approximately $97 million. The estimate is expected to change over time as retained assets are sold. Community Bank and Trust - West Georgia is the second bank to fail in the nation this year. # # # 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 Issue Host State Loan-to-Deposit Ratios

PRESS RELEASE | MAY 1, 2026 Agencies Issue Host State Loan-to-Deposit Ratios WASHINGTON—Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios, as required by law . Each ratio compares the total loans in a state to total deposits in the state for all banks that are legally operating in that state. These ratios replace those issued in May 2025. By law, a bank is generally prohibited from establishing or acquiring branches outside of its home state primarily for the purpose of acquiring additional deposits. This prohibition seeks to ensure that interstate bank branches will not take deposits from a community without the bank also reasonably helping to meet the credit needs of that community. The updated ratios, including additional information on how they are used to evaluate compliance with the requirements, are available here . # # # MEDIA CONTACTS: Federal Deposit Insurance Corporation Julianne Fisher Breitbeil (202) 340-2043 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