FDIC Issues Regulatory Relief for Washington State Banks Affected by Storms and Flooding
Summary
The FDIC released guidance providing supervisory relief for financial institutions operating in Washington state areas affected by severe weather. The agency encouraged banks to work constructively with borrowers experiencing difficulties, including extending repayment terms, restructuring existing loans, or easing terms for new loans. Banks may receive favorable Community Reinvestment Act consideration for community development loans, investments, and services supporting disaster recovery, and the FDIC will consider regulatory relief from certain filing and publishing requirements.
“The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to severe weather, including extending repayment terms, restructuring existing loans or easing terms for new loans.”
What changed
The FDIC released guidance offering regulatory relief to banks in Washington state areas affected by severe weather. The guidance encourages affected banks to work constructively with borrowers experiencing difficulties by extending repayment terms, restructuring existing loans, or easing terms on new loans. Banks may also receive favorable Community Reinvestment Act consideration for community development activities in support of disaster recovery, and the FDIC will consider granting relief from certain filing and publishing requirements.
Affected banks in Washington state should review the guidance and consider proactively engaging with borrowers impacted by the severe weather. Banks undertaking community development loans, investments, or services for disaster recovery purposes should document these activities to support favorable CRA consideration. Institutions seeking relief from filing and publishing requirements should contact the FDIC directly to discuss available options.
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April 21, 2026 Reading Time: 1 min read The FDIC today released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Washington state affected by severe weather.
The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to severe weather, including extending repayment terms, restructuring existing loans or easing terms for new loans. The agency said banks may receive favorable Community Reinvestment Act consideration for community development loans, investments and services in support of disaster recovery. The FDIC also will consider regulatory relief from certain filing and publishing requirements.
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