Federal Deposit Insurance Corporation press releases

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

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