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Wednesday, February 15, 2017

FDIC Announces Relief for Louisiana Banks after Storms

The FDIC yesterday announced steps to provide regulatory relief to financial institutions and facilitate recovery in areas of Louisiana affected by recent severe storms, tornadoes, high winds and flooding. The FDIC is encouraging banks to work constructively with borrowers experiencing difficulties beyond their control because of damage caused by the severe weather. It will also consider regulatory relief from certain filing and publishing requirements.

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