United States:
Federal Deposit Insurance Corporation Issues Guidance For Deposit Insurance
15 December 2014
Shearman & Sterling LLP
To print this article, all you need is to be registered or login on Mondaq.com.
On November 20, 2014, the FDIC issued a FIL laying out guidance
in the form of questions and answers for new banks preparing
applications for deposit insurance. The guidance is applicable to
institutions with $1 billion or less in consolidated assets and
covers topics including, among other things, processing timelines,
pre-filing meetings and initial capitalization.
The FDIC FIL is available at:
https://www.fdic.gov/news/news/financial/2014/fil14056a.pdf.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Insurance from United States
D&O Insurance Myths (Part 2) (Video)
Lowenstein Sandler
Last month we discussed the importance of Directors and Officers (D&O) insurance and set the record straight on some common misconceptions about it.
Faulty Workmanship Coverage Update
Plunkett & Cooney
The Washington Supreme Court affirmed the Washington Court of Appeals ruling that coverage for repairs to the Gardens Condominium's roof components was available under the resulting loss exception to the insurance policy's faulty workmanship exclusion.
Priority Of Coverage: Debunking "Other Insurance" Myths
Lowenstein Sandler
Today on "Don't Take No For An Answer," host Lynda A. Bennett is joined by Alexander B. Corson for a discussion about priority of coverage, or who pays what when there are numerous claims, parties, and policies at play.
