fdic

First, it depends if the First Bank of Delaware falls under FDIC jurisdiction. They are insured by the FDIC, but their website says they are state-chartered, which means the state of Delaware may have regulatory authority over them before the FDIC does.

Notwithstanding, they will probably treat your complaint as most regulatory agencies do -- they will send a copy of your complaint to the bank, along with their own letter which will require the bank's written response/explaination to your complaint. They may require they bank to send them copies of your loan documents for review.

The FDIC will review the bank's response and documentation for compliance with applicable laws. If they find the bank to be operating within the laws, they will write you back a letter that says "sorry, we can't do anything." Otherwise they might send an auditor out to further investigate.

I really wish that FBoD would be shut down. I know they are on the FDIC radar but for credit cards and not installement loans. I am hoping that is the next step though.

Maybe if they get enough complaints they may do something about it.

Here is some information I received from my Department of Financial Institutions about First Bank of Delaware.


Dear XXXXXXX

We do not regulate The First Bank of Delaware.


The FDIC is their primary regulator. Please see the following information taken from the FDIC website:


First Bank of Delaware (FDIC Cert: 34929) is FDIC Insured.


First Bank of Delaware has been FDIC insured since June 1, 1999.

It was established on June 1, 1999.

Its main office (headquarters) is located at:
1000 Rocky Run Parkway
Wilmington, Delaware 19803
County of New Castle


First Bank of Delaware has 2 Domestic Branches (Offices) located in 1 state(s) and 0 Foreign Offices. (Check to locate Branches (Offices) by state.)



First Bank of Delaware's reported (or primary) website: http://www.fbdel.com:80/



First Bank of Delaware is chartered as a Federal Reserve Non-member.



Therefore the primary regulator is the Federal Deposit Insurance Corporation (FDIC). For consumer assistance regarding an issue with this institution, please contact the FDIC directly using https://www2.fdic.gov/starsmail/index