FDIC Proposes Conditions for Investments in Failed Banks by Private Capital Investors
Following a meeting of the Board of Directors of the FDIC on Thursday, July 2, 2009, the FDIC issued a Proposed Statement of Policy on Qualifications for Failed Bank Acquisitions for public comment. The proposed policy statement, if adopted, is intended to provide guidance to “private capital investors” about the terms and conditions they would be expected to satisfy for approval of a proposed acquisition of, or investment in, a failed bank or thrift.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post