The FDIC has introduced a new egovernment channel that enables FDICsupervised institutions to submit branch applications electronically. The Electronic Branch Application became operational Dec. 19. It can be used to submit an application to establish a domestic branch, relocate an existing branch or relocate the main office per Subpart CPart 303 of the FDIC rules and regulations.
At this time, the system does not accept applications for merger transactions, establishing insured branches of foreign banks or foreign branches of domestic banks, interstate acquisitions of an individual branch or branches, or to provide notice of branch closings.
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