Federal Deposit Insurance Corporation press releases

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

Press Release: FDIC Publishes Enforcement Orders for March 2026

PRESS RELEASE | APRIL 24, 2026 FDIC Publishes Enforcement Orders for March 2026 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in March 2026. There are no administrative hearings scheduled for May 2026. Consent Order: Covington County Bank, Collins, Mississippi Orders Terminating Consent Orders: American Bank of Oklahoma, Collinsville, Oklahoma California Business Bank, Irvine, California Comenity Servicing LLC, Columbus, Ohio First Farmers & Commercial Bank, Pikeville, Tennessee Cheyenne State Bank, Cheyenne, Wyoming Quaint Oak Bank, Southampton, Pennsylvania TNBank, Oak Ridge, Tennessee Orders to Pay Civil Money Penalties: Bank of Odessa, Odess, Missouri Main Street Bank Corp., Wooster, Ohio Order of Prohibition from Further Participation and Order to Pay: Mid-Missouri Bank, Springfield, Missouri Orders of Prohibition from Further Participation: Bank of O’Fallon, O’Fallon, Illinois Carter Bank & Trust, Martinsville, Virginia CBW Bank, Weir, Kansas Morris Bank, Dublin, Georgia Truist Bank, Charlotte, North Carolina Orders of Termination of Insurance: First Citizens Bank of Butte, Butte, Montana Generations Bank, Seneca Falls, New York Gogebic Range Bank, Ironwood, Michigan Lewis & Clark Bank, Oregon City, Oregon The Lemont National Bank, Lemont, Illinois The Peoples Bank, Chestertown, Maryland March 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