FDIC Assisted Acquisitions
DD&F’s FDIC Acquisition assistance is designed to prepare your company to successfully execute an acquisition of a failed bank through the FDIC. With the current environment in the banking industry, well capitalized banks have been presented with an attractive opportunity to expand their footprint at low cost and at low risk through an FDIC Acquisition.
However, FDIC transactions have highly compressed timeframes with as little as three to four weeks from FDIC marketing to closing. As a result, an acquiring bank must be prepared to evaluate a potential acquisition and submit a bid on a very short time frame once the failing bank is marketed by the FDIC to potential bidders. Further, if your bank's bid is accepted by the FDIC, you must be prepared to deploy a team to take possession of the acquired bank and open for business in a matter of days.
DD&F has extensive experience with FDIC assisted acquisitions and can guide your management team through a step-by-step process that will provide them with a thorough understanding. We have an extensive database of information on FDIC assisted acquisitions, and can provide you with up-to-date information on bidding trends and issues that can give your institution a competitive bidding advantage.
Having assisted with the development of numerous successful bids, we understand what the regulators require and look for in the bid process. Because of compressed time frames, we have also developed a comprehensive project plan to allow your bank team to prepare for immediate execution in the event you win the bid. We provide assistance throughout the entire acquisition process, from preparation of your team for acquisition, through bidding and due diligence, through assistance over the closing weekend, and through post closing.
DD&F Consulting is your one-stop answer for acquiring a failed bank. They advise and save you money on all the many complicated steps a potential acquirer has to go through in a smooth bank acquisition.
Chan Patel, CEO State Bank of Texas, Dallas, TX