On April 26, 2016, the FDIC approved a final rule that amends how banks with less than $10 billion in assets that have been insured for a minimum of five years are assessed for deposit insurance. The rule updates the data and revises the methodology that the FDIC uses to determine the risk-based assessments for such institutions. FDIC Chairman Martin J. Gruenberg anticipates that more than 93% of small banks will pay lower rates under the revised framework. The final rule will be used for rate determinations once the FDIC's insurance fund reaches 1.15%, but not before the third quarter of 2016.
The FDIC press release is available at: https://www.fdic.gov/news/news/press/2016/pr16032.html and the final rule is available at: https://www.fdic.gov/news/board/2016/2016-04-26_notice_dis_b_fr.pdf.
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