How to buy a failed bank from the FDIC
Want to buy a failed bank from the FDIC? Attorney John Reichert of the Milwaukee law firm Godfrey & Kahn, S.C., offered insight into the process, during a presentation at the annual convention of the Community Bankers of Wisconsin in Madison last month.
Once a bank receives a capital directive, Reichert explained, the FDIC will begin assembling a bid packet with information such as demographics of the bank’s market . . .
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