On July 23, the Federal Deposit Insurance Corporation (FDIC) announced a series of outreach workshops to provide information on how to become an FDIC Investor and/or Asset Purchaser. The FDIC has assets from failed banks available for acquisition by depository institutions, investors and asset purchasers. Some of these assets have been designated for inclusion in structured sales. To ensure a diversity of participation in the structured sales program, the FDIC stated that it "welcomes and strongly encourages minority- and women-owned investors and asset managers to participate and/or partner in bidding on the equity interests sold to investors under the program."
The half day workshops will cover how structured transactions are created and operated, the pre-qualification process, details about the Small Investor Program and Investor Match Program, how to participate in cash loan sales and real estate sales, and a discussion about the transactional documents necessary to bid. The workshop dates are as follows:
Tuesday, August 7, 2012 TBD Nashville, Tennessee 8:00 AM – 1:00 PM
To reserve a space in Nashville, please register here by Friday, August 3, 2012.
Thursday, August 9, 2012 TBD Dallas, Texas 8:00 AM – 1:00 PM
To reserve a space in Dallas, please register here by Monday, August 6, 2012.
For more information, click here.