FDIC Releases Final Handbook for Organizers of De Novo Institutions

May 1, 2017

FDIC Releases Final Handbook for Organizers of De Novo Institutions

Printable Format:

FIL-17-2017 – PDF (PDF Help)


Applying for Deposit Insurance – A Handbook for Organizers of De Novo Institutions provides an overview of the business considerations and statutory requirements that de novo organizers will face as they work to apply for deposit insurance and establish a new depository institution.

Statement of Applicability to Institutions with Less Than $1 Billion in Total Assets: This Financial Institution Letter applies to all proposed insured depository institutions.


  • The handbook provides a plain language overview of the requirements and considerations significant to the application process, and provides organizers a clear and transparent explanation of the path to obtaining deposit insurance.
  • The handbook offers guidance for navigating the three phases of establishing an insured institution: pre-filing activities, the application process, and pre-opening activities. It provides useful information for organizers of a new depository institution, and reflects comments from organizers and other interested parties during recent industry outreach events.
  • It does not establish new policy or guidance, or modify existing policy or guidance.
  • On December 22, 2016, the FDIC issued a draft of the handbook for comment. The final version provides additional clarification sought by commenters.
  • Recently, the FDIC held industry outreach meetings in San Francisco, New York, Atlanta, and Dallas to inform industry participants about the FDIC’s application process. Additional outreach events will be held on May 12, 2017, in Kansas City, Missouri, and May 31, 2017, in Chicago, Illinois.
  • Additional resources are available on the FDIC website dedicated to applications for deposit insurance.

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