Financial Disclosure Statement Update

If your institution is regulated by the FDIC or the OCC, don’t forget to make required updates to your annual financial disclosure statement.  Amy11This entails having year-end Call Report information for 2010 and 2009 available to the public by March 31, 2011.  The annual disclosure statement must be signed by an authorized officer of your institution and include the following disclaimer:

This statement has not been reviewed or confirmed for accuracy or relevance by the Federal Deposit Insurance Corporation.

Note:  OCC regulated banks should state “Office of the Comptroller of the Currency” in this disclaimer.

You are also required to post a notice in your lobby which alerts the public to the availability of this information.  The notice must be posted in the lobby of a bank’s main office and at each branch.

Amy Kudlacek

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