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Article: FDIC Releases Final Policy Statement On Private Equity Investments In Failed Banks Or Thrifts.
- Article from:
- Mondaq Business Briefing
- Article date:
- August 27, 2009
CopyrightCOPYRIGHT 2009 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Federal Deposit Insurance Corporation (the "FDIC") on August 26, 2009 released a Final Statement of Policy on Qualifications for Failed Bank Acquisitions (the "Final Policy Statement") that provides guidance to private capital investors interested in acquiring or investing in the assets and assuming the deposit liabilities of failed banks or thrifts. The Final Policy Statement offers guidance on the terms and conditions that the FDIC will require in connection with such investments or acquisitions. The Final Policy Statement reflects changes made in response to public comments on the Proposed Statement of Policy on Qualifications for Failed Bank Acquisitions released ...