The FDIC Launches Web Page to Support Marketing of Failing Financial Institutions

Financial Institution Letter

FIL-4-2015

January 15, 2015

The FDIC Launches Web Page to Support Marketing of Failing

Financial Institutions

Summary: The Federal Deposit Insurance Corporation (FDIC) recently launched a Failing Bank

Acquisitions Web page on FDIC.gov. This Web page will allow institutions to better understand how the

FDIC markets failing financial institutions.

Statement of Applicability to Institutions With Less Than $1 Billion in Total Assets: This Financial

Institution Letter applies to FDIC-insured financial institutions of any size that may be interested in

acquiring a failing institution from the FDIC.

Distribution:

FDIC-Insured Institutions

Highlights:

•

To support the FDIC’s continued mission of maintaining

financial system stability and public confidence while

transparently resolving failing financial institutions in an

orderly manner, the FDIC launched a Web page that

explains how failing financial institutions are marketed.

•

The primary goal of the Web page is to educate

bankers about key components associated with the

process of acquiring a failing financial institution,

including regulatory qualification guidance, performing

due diligence, and general transaction terms.

•

The Web page will allow FDIC-insured institutions

interested in receiving information about acquisition

opportunities to designate a point of contact (POC) or

update a current POC. Institutions should set their e-

mail spam filters so that they will receive messages

from InstitutionSales@fdic.gov.

•

The Web page also provides an opportunity for FDIC-

insured institutions to update their bidder profile by

communicating state and/or asset size preferences.

•

The Failing Bank Acquisitions Web page may be

accessed from the FDIC's Web site at

https://www.fdic.gov/buying/FranchiseMarketing/index.

html

e-

mail spam filters so that they will receive messages

from InstitutionSales@fdic.gov.

•

The Web page also provides an opportunity for FDIC-

insured institutions to update their bidder profile by

communicating state and/or asset size preferences.

•

The Failing Bank Acquisitions Web page may be

accessed from the FDIC's Web site at

https://www.fdic.gov/buying/FranchiseMarketing/index.

html.

Suggested Routing:

Bank President

Chief Executive Officer

Contact:

FDIC Franchise Marketing at

InstitutionSales@fdic.gov

Jane Slattery, DRR Franchise Marketing, at (972)

761-8696 or jaslattery@fdic.gov

Debra Harrell, DRR Franchise Marketing, at (972)

761-2598 or dharrell@fdic.gov

Note:

FDIC Financial Institution Letters (FILs) are available

on the FDIC's Web site at

https://www.fdic.gov/news/news/financial/2015/.

To receive FILs electronically, visit

http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies may be obtained through the FDIC's

Public Information Center, 3501 Fairfax Drive, E-

1002, Arlington, VA 22226 (1-877-275-3342 or 703-

562-2200).

Federal Deposit Insurance Corporation

550 17th Street NW, Washington, D.C. 20429-9990