- Severe flooding from recent storms has caused significant property damage to areas of Oregon and Washington.
- The counties of Columbia and Tillamook in Oregon and Grays Harbor and Lewis in Washington have been declared federal disaster areas. Individuals and households in these counties may be eligible for federal assistance.
- The FDIC is encouraging financial institutions to work constructively with borrowers who are experiencing difficulties beyond their control because of damage caused by these disasters.
- 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 Oregon and Washington
Chief Executive Officer
Chief Lending Officer
Attachment: Supervisory Practices Regarding
Depository Institutions and Borrowers Affected by
Severe Flooding in Oregon and Washington
Assistant Regional Director George Parkerson at
(415) 808-8051 or GParkerson@fdic.gov
FIL-108-2007 - PDF (PDF Help)
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Arlington, VA 22226 (1-877-275-3342 or 703-562-