Recorded: Thursday, April 29, 2010
Agenda | Panelists | Who should log in | Register
Overview
In 2009, 140 banks failed. Based on the current pace of failures, 2010 will see approximately 155 more. So far this cycle, the FDIC has entered into loss-sharing agreements with the buyers of 126 of them, covering $117 billion of the assets.
FDIC-assisted transactions continue to be attractive to strategic acquirers and various groups of private capital formed to bid on failed banks. Despite unique criteria, depending on investor-type and recent changes to the structure of loss share agreements, the bidding process remains competitive.
SNL Financial is proud to offer a unique discussion covering the preparation, structuring, bidding, and negotiation of an FDIC-assisted bank transaction. Don’t miss this opportunity for insight into FDIC-assisted deals directly from a roundtable of subject matter experts.
Agenda
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Acquisition strategy, valuation, due diligence and structuring
- Identifying targets
- Getting ready |
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The Bidding Process
- Registration
- Bidding criteria
- Approval criteria
- Negotiation |
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Acquisition structures
- Purchase of Assets and Assumption of Liabilities (P&A) with loss share
- P&A without loss share
- Payout Method
- Open bank assistance transactions |
Learning Objectives
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Understand how to identify, evaluate, and value potential transactions |
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Understand the FDIC process: bidder criteria, bidding process, approval considerations, timing |
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Understand how to structure and execute an effective bid |
Panelists
Randall D. Guynn
Partner and Head of Financial Institutions Group, Davis Polk
Pamela Farwig
Associate Director, Division of Resolutions and Receiverships, FDIC
Mark Ross
Managing Director , Stifel Nicolaus
Nathan Stovall (moderator)
Senior Industry Editor, SNL Financial
Who will benefit
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Bank Chairmen and Directors |
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CEOs, Presidents, CFOs and CROs at financial institutions |
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Investment Bankers |
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Investors |
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Accountants, auditors, controllers |
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Finance Directors/Managers/Analysts |
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Legal advisors |
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Consultants |
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