The Federal Deposit Insurance Corp. announced regulatory relief measures Wednesday for banks affected by severe weather in Missouri.
The agency said it would not penalize "prudent efforts to adjust or alter terms on existing loans" for borrowers whose properties were damaged by recent tornadoes and flooding. On Aug. 17, a federal disaster was declared in certain parts of Missouri.
The FDIC said it will consider relief from "certain filing and publishing requirements" for affected institutions.
The agency's regional office in Kansas City is to expedite requests to establish temporary banking facilities in cases where a bank's "offices have been damaged" or the institution "desires to provide more convenient availability of services to those affected by the severe weather."