FDIC Board Approves Final Statement of Policy on the Acquisition of Failed Depository Institutions
Date: August 27, 2009
The FDIC Board today adopted a final Statement of Policy on the Acquisition of Failed Insured Depository Institutions. This 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.
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Source: Federal Deposit Insurance Corporation
