Mark Kanaly served as a panelist for this webinar sponsored by Strafford. This CLE webinar provided practitioners with an in-depth review of the FDIC's current asset sale process, the parameters of loss-share agreements, and evolving FDIC strategies for disposing of assets. The panel outlined how bidders and buyers can avoid potential pitfalls in acquiring assets from the FDIC. Additionally, the panel reviewed the following questions:
- What does the FDIC require of banks in the loss-sharing agreement and what steps should acquiring banks take to assure asset resolution?
- What are the peculiar due diligence challenges in FDIC-assisted transactions?
- How are the FDIC’s loss-sharing transactions evolving and what impact will this have on investors?
- Will the FDIC become more open toward private equity and will bids include multiple failed banks?