FDIC Extends Opt-Out Deadline

November 4, 2008 at 4:07 pm Leave a comment

On November 3, 2008, the FDIC announced that it has extended the opt-out deadline for participation in its Temporary Liquidity Guarantee program (“Program”) to December 5, 2008. The original deadline for opting out of the Program was November 12, 2008.

The Program has two parts: the debt guarantee component and/or the transaction account guarantee component. In order to opt out of one or both components, an eligible financial institution must inform the FDIC by completing the Election Form via FDICconnect by December 5, 2008.

You may review the FDIC’s announcement and obtain a copy of the Election Form by clicking here.

Entry filed under: Client Alerts, FDIC.

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