WASHINGTON, Dec. 29 -- Federal Deposit Insurance Corporation has issued a rule called: Establishment and Relocation of Branches and Offices.
The rule was published in the Federal Register on Dec. 29 by Debra A. Decker, Executive Secretary.
Summary: The Federal Deposit Insurance Corporation (FDIC) is amending the processes by which an insured State nonmember bank may establish a branch or relocate a main office or branch by eliminating certain filing requirements, reducing processing timelines, and updating public notice procedures. The FDIC is also making corresponding changes to procedures applicable to the relocation of an insured branch of a foreign bank.
For more information, contact Sandra Macias, Chief, 202/898-3642, smacias@fdic.g...