FDIC Approves Deposit Insurance Applications Submitted by Ford and GM

Dow Jones03:02

By Kelly Cloonan

The Federal Deposit Insurance Corporation approved deposit insurance applications for Ford Motor and General Motors to establish banks that would provide automotive financing products.

The agency said Thursday that Ford Credit Bank and GM Financial Bank would both be industrial banks chartered in Utah.

The banks would focus on providing automotive financing products, primarily through purchasing retail installment sales contracts, the FDIC said. The banks will be required to maintain a minimum 15% tier 1 leverage ratio, and Ford Motor and General Motors will be required to support their respective bank's capital and liquidity positions.

The FDIC said it evaluated the applications based on factors like the companies' finances, capital structure and management. The agency also considered the risk each bank would present to the Deposit Insurance Fund, as well as the needs of the communities the banks would serve.

The approval orders will expire if the banks are not established within 12 months, unless granted an extension, the FDIC said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

January 22, 2026 14:02 ET (19:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The banks will be required to maintain a minimum 15% tier 1 leverage ratio, and Ford Motor and General Motors will be required to support their respective bank's capital and liquidity positions. \n</p>\n<p>\n  The FDIC said it evaluated the applications based on factors like the companies' finances, capital structure and management. 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The banks will be required to maintain a minimum 15% tier 1 leverage ratio, and Ford Motor and General Motors will be required to support their respective bank's capital and liquidity positions. \n\n\n  The FDIC said it evaluated the applications based on factors like the companies' finances, capital structure and management. The agency also considered the risk each bank would present to the Deposit Insurance Fund, as well as the needs of the communities the banks would serve. \n\n\n  The approval orders will expire if the banks are not established within 12 months, unless granted an extension, the FDIC said. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 22, 2026 14:02 ET (19:02 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605157411","isCrawlerRequest":true}