 | The past year brought a year of uncertainty and unchartered territory for many mid-sized banks. With the wildly popular Paycheck Protection Program (PPP) and low-interest rates, banks found themselves with unplanned additional assets added to their financial reporting and as a result, needing to be FDICIA compliant. If your bank finds itself on the threshold of $1 billion in assets in 2021, now is the time to plan your approach and identify the right provider for Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) compliance for your institution. We understand this process is complex and overwhelming, especially of this is a new situation for your institution. Our step-by-step checklist and in-depth, customizable timeline will not only give you the tools necessary to plan ahead, but stay on schedule and be FDICIA compliant within an eight-month timeframe. It provides:
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