FDIC Approves Policy on the Acquisition of Failed Depository Institutions
Today the Federal Deposit Insurance Corporation (FDIC) approved a final statement of policy on the acquisition of failed insured depository institutions. The FDIC's press release states that the "policy statement provides guidance to investors interested in acquiring or investing in the deposit liabilities of failed banks or thrifts about the standards they will be expected to meet in order to qualify to bid on a failed institution."
Click here for today's press release, and click here for the actual policy statement.
