meta_id 3280544

On June 29, 2026, the Federal Financial Institutions Examination Council (FFIEC) released a statement on behalf of its member entities promoting de novo depository institution formation. The statement provides applicants with agency-specific resources to support the de novo formation process. The FFIEC clarified that the statement does not constitute new instructions or regulatory requirements. Rather, it offers increased transparency into existing de novo formation procedures, helping prospective applicants understand the application process and available support mechanisms across member agencies. De novo depository institutions are newly chartered banks or credit unions entering the financial services market, and the FFIEC's statement aims to facilitate their formation by consolidating guidance and resources from its constituent regulatory bodies. The statement includes links to agency-specific resources tailored to applicants seeking to establish de novo depository institutions. These resources are designed to streamline access to information and guidance from the various FFIEC member entities involved in the chartering and examination process. The full statement and accompanying agency resources are available on the FFIEC's official announcement page (Announcement 2026-05). **Reference:** Federal Financial Institutions Examination Council. "FFIEC Statement on Promoting De Novo Depository Institution Formation." June 29, 2026. https://www.ffiec.gov/