Crypto Assets Visitation Scheduled

VIA SECURE ELECTRONIC MAIL

February 27, 2023

Senior Vice President/Chief Operating Officer
XXXXX
XXXXX

Re: Crypto Assets-Related Activity

Dear XXXXX:

We acknowledge receipt of the additional documents that you submitted on January 25, 2023, in response to the requested items in our December 12, 2022 email. Thank you for your response.

The FDIC continues to review crypto assets-related activities and various questions remain. Consistent with the procedures outlined in Financial Institution Letter 16-2022, Notification of Engaging in Crypto-Related Activities, the FDIC may request additional information to assist us in reviewing the activity and providing supervisory feedback to the bank.

To assess the safety and soundness, consumer protection, and financial stability implications of the proposed activity, the FDIC would like to schedule a Visitation at your bank starting on April 10, 2023. The XXXXX will also participate on the Visitation. We will contact management to provide additional details of the Visitation.

If you have any questions, please contact Case Manager XXXXX. Written correspondence should be addressed to Kristie K. Elmquist, Regional Director, FDIC, Dallas Regional Office, and sent as a PDF document through the FDIC's Secure Email portal (https://securemail.fdic.gov/) using the following e-mail address: XXXXX@FDIC.gov. Information about how to use secure email and FAQs about the service can be found at https://www.fdic.gov/secureemail/.

Sincerely,

Eric T. Guyot (Signed)

Eric T. Guyot
Assistant Regional Director

cc: XXXXX