Become A State Member Bank |
Types of Filings |
FedEZFile |
Resources |
Banking Application Contacts |
Multimedia
Become A State Member Bank
Any financially sound, state-chartered bank—including a de novo—can become a Federal Reserve System member. Contact the Federal Reserve Bank of Atlanta to discuss benefits and identify any perceived hurdles early in the process.
We encourage you to contact John Pelick, Vice President, Applications and Consumer Compliance (404-498-7163).
Membership in the Federal Reserve
Any state-chartered bank can become a member of the Federal Reserve System.
Benefits of Fed Supervision
Member banks vote for directors of the Atlanta Fed and are eligible to serve as directors. They can also provide valuable input to the Federal Reserve Board by joining the Community Depository Institutions Advisory Council (CDIAC).
In addition to our examination staff in Atlanta and Miami, we also appoint a central point of contact and a consumer affairs liaison for each state member bank.
Cost of Membership
We don't charge fees to community banks for supervision or applications. Each member bank must subscribe to capital stock in the Atlanta Fed, but the paid-in portion currently earns an annual dividend of 6 percent.
How to Join
Learn more about the process of joining the Federal Reserve System. (PDF version)
Types of Filings
State Member Bank Applications
State Member Banks (SMBs) must notify the Federal Reserve or obtain Federal Reserve approval before engaging in certain transactions. These transactions include mergers, branches, changes in control involving certain shareholders, and a change in the general character of a bank's business.
Applicants are strongly encouraged to contact us for information prior to the submission of an application. Filing forms and general guidance and instructions for SMB filings can be accessed using the following links:
Banking Applications
The primary function of the Banking Applications unit is to take actions and make recommendations on applications and notices filed by Sixth District state member banks, bank holding companies, savings and loan holding companies, and foreign banking organizations subject to Federal Reserve supervision. The unit also acts or makes recommendations with respect to notices by individuals to acquire controlling interests in Sixth District state member banks, bank holding companies, and savings and loan holding companies.
Savings and Loan Holding Companies 
FedEZFile
FedEZFile is the Federal Reserve System's single technology tool that offers an easy, immediate, and secure way for financial organizations supervised by the Federal Reserve Board, their authorized representatives, and individuals to submit filings, view the status of their filings, communicate with assigned Reserve Bank and/or Board analyst(s) and attorneys; and receive digitally signed correspondence from the Federal Reserve.
Application Resources
Competitive Analysis and Structure Source Instrument for Depository Institutions (CASSIDI)
Helpful Hints When Filing an Application with the Federal Reserve
Federal Reserve Bank of Atlanta Newspaper Notice
Frequently Asked Questions
Membership Applications FAQ
Branch FAQ
Interagency Biographical and Financial Reports / FR 2081c FAQ
Banking Application Contacts
Applications Officers
John Pelick, Vice President
404-354-5568
404-354-5568
Erien Terry, Assistant Vice President
404-498-7106
404-498-7106
Applications Director
Yashica Pope, Director of Examinations
404-498-7493
404-498-7493
Applications and Notices should be addressed to Assistant Vice President Erien Terry and submitted using FedEZFile. Please send requests for advance publication and requests for public information to Applications.Comments@atl.frb.org
Erien Terry
Assistant Vice President
Federal Reserve Bank of Atlanta
Department of Supervision, Regulation & Credit
1000 Peachtree Street N.E.
Atlanta, Georgia 30309-4470
Phone: 404-498-7106
Multimedia
2025 Banking Outlook Conference
Consumer Compliance and Applications: Waxing Boards for a Clean Ride - February 27, 2025
Our annual Banking Outlook Conference, sponsored by the Risk Analysis Unit of the Supervision and Regulation Division, provides an overview of banking conditions, risks, and issues expected over the next 12 months. The goal is for bank supervisors and industry participants to examine and discuss challenges confronting the financial services industry. The conference is designed to promote open and informal discussions on how economic trends, financial market activities, and the regulatory environment will affect the banking industry in the year ahead.
Upcoming: Sixth District Community Bank Holding Company Supervisory Perspectives - May 13, 2025