The FDIC provided guidance for non-traditional community banks on deposit insurance applications. The agency also updated its Handbook for Organizers of De Novo Institutions ("Handbook") and its Deposit Insurance Application Procedures Manual ("Procedures Manual").

In a Supplement to the Procedures Manual, the FDIC provided guidance on submitting deposit insurance applications. The Supplement addresses topics such as (i) field investigations, (ii) approval conditions and (iii) application review processes.

The FDIC also updated its Handbook to (i) provide more information on pre-filing activities, the application process and pre-opening efforts involving deposit insurance applications, (ii) include several technical clarifications and (iii) to explain certain conditions requiring prior approval of business plan changes.

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