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Recission of the Statement of Policy on Qualifications for Failed Bank Acquisitions
Plain English Summary
The Federal Deposit Insurance Corporation (FDIC) has decided to remove its 2009 policy that outlined the qualifications for acquiring failed banks. This change affects financial institutions interested in purchasing banks that have failed. Agents should stay informed about this update as it may impact future bank acquisitions and related transactions.
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The Federal Deposit Insurance Corporation (FDIC) is taking final action to rescind the Statement of Policy on Qualifications for Failed Bank Acquisitions issued in 2009 and related questions and answers posted on its website in 2010.