- Severe storms, tornadoes and flooding have caused significant damage to areas of Oklahoma and North and Central Texas.
- The Oklahoma counties of Atoka, Beckham, Blaine, Caddo, Comanche, Dewey, Ellis, Greer, Kay, Kiowa, Lincoln, Noble, Nowata, Okfuskee, Pottawatomie, Roger Mills and Seminole were declared federal disaster areas on June 7, 2007.
- In Texas, the counties of Cooke, Coryell, Denton, Grayson, Lampasas and Tarrant were declared federal disaster areas on June 29, 2007.
- The FDIC is encouraging banks to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by the storms and floods.
- Extending repayment terms, restructuring existing loans or easing terms for new loans, if done in a manner consistent with sound banking practices, can contribute to the health of the community and serve the long-term interests of the lending institution.
- The FDIC will also consider regulatory relief from certain filing and publishing requirements for banks in the affected areas.
FDIC-Supervised Banks (Commercial and Savings)
in Oklahoma and Texas
Chief Executive Officer
Chief Lending Officer
Supervisory Practices Regarding Depository Institutions and Borrowers in Areas Affected by Severe Storms and Flooding in Oklahoma and Texas
Acting Deputy Regional Director Cheryl A. Couch
(972) 761-2070 or email@example.com
FIL-61-2007 - PDF (PDF Help)
FDIC financial institution letters (FILs) may be
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may be obtained through the FDIC's Public
Information Center, 3501 Fairfax Drive, E-1002,
Arlington, VA 22226 (1-877-275-3342 or 703-562-