The Bank Branch charters and regulates Kentucky’s state-chartered banks, bank trust departments, independent trust companies, bank holding companies and bank technology service providers as established in Kentucky Revised Statutes (KRS) 286.3.
The Conference of State Bank Supervisors (CSBS) has recognized DFI’s efficient and effective examination program for meeting the rigorous standards of examination excellence. CSBS originally accredited the department in 1992, with reaccreditations in 1997, 2002, 2007 and 2016. Accreditation by CSBS is a mark of excellence and recognizes DFI’s ability to supervise its regulated institutions effectively.
DFI has agreements with the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board, which allow maximum use of examination resources while reducing regulatory burden. These agreements provide supervision through examinations conducted jointly or alternately.
New Bank Charters
If you are interested in forming a new state-chartered bank in Kentucky, please contact Holly Ross at 502-782-9067, or Hailey Nolan at 502-782-9091.Existing Banks
State-regulated banks intending to open a new branch or loan production office should contact the DFI in writing.New Directors
New officers and directors in certain circumstances may need to submit the Bank Directors Oath.Laws
For links to state banking laws and regulations, visit the Legal web page.For More Information
Contact Holly Ross at 502-782-9067, or Hailey Nolan at 502-782-9091 for applications and questions about the application process for state-regulated banks.
Contact Catherine Falconer at 502-782-9052 for legal questions about the operation and regulation of state-regulated banks.
For more information, visit the FDIC website, the Federal Reserve website and the Conference of State Bank Supervisors website.Other Resources
Please also see the FDIC Manual of Exam Policies and the Federal Reserve Manual of Exam Policies. The FDIC also has a web page with information about failed banks.