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Overview of Application Activity - 12 months ending 12/31/2024

Transparency & Accountability - Bank Applications

In its role as federal regulator, the FDIC reviews applications submitted by its insured institutions, individuals, and other entities for approval to undertake various transactions. These include applications for obtaining federal deposit insurance, engaging in mergers and acquisitions, and establishing branches.

Actions for selected application types since 2013 can be searched from the Application Search Tool.

For further questions regarding bank applications, please contact Supervision@fdic.gov.

Overview of Application Activity 12 months ending 12/31/2024

Disposition of applications received
DispositionDeposit InsuranceBranchChange in ControlMergerManagement ChangeTotal
Approved

11

382

7

72

81

553

Denied

0

0

0

0

0

0

Returned

0

2

0

3

13

18

Withdrawn

5

19

1

4

19

48

Totals

16

403

8

79

113

619

Processing days from original receipt
 Deposit InsuranceBranchChange in ControlMergerManagement ChangeTotal
Average

350

34

87

137

50

-

Median

257

24

69

92

38

-

Processing days from receipt of a substantially complete application
 Deposit InsuranceBranchChange in ControlMergerManagement ChangeTotal
Average

165

25

39

69

33

-

Median

147

19

35

50

28

-

Timeframe Goal1

120

30

45

60

25

-

Total # Approved within Goal

5

332

6

43

31

417

Percent

45%

87%

86%

60%

38%

75%

1Processing days from receipt of a substantially complete application for approvals
 

Archive of Overviews of Application Activity
12 months ending 12/31/2023
12 months ending 12/31/2022
12 months ending 12/31/2021
12 months ending 12/31/2020
12 months ending 12/31/2019
12 months ending 12/31/2018

Last Updated: February 7, 2025