§2908 Small bank regulatory relief

Summary

Banks and similar regulated institutions with total assets of not more than $250,000,000 must follow a timed exam schedule based on their last community‑credit rating. If they had the top rating, exams happen at most once every 60 months. If they had a satisfactory rating, exams happen at most once every 48 months. If their rating was below satisfactory, exams occur as the federal supervisor thinks are needed. Even on that schedule, a bank must be examined when it applies to add a deposit facility. The federal agency that supervises the institution can also require more or fewer exams for reasonable cause.