Recorded: Thursday, April 29, 2010
Agenda | Panelists | Who should log in | Accreditation | 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 |
Accreditation

CFA Institute
1.5 Hour of Continuing Education Credit
SNL Center for Financial Education is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 1 CE credits hour as granted by CFA Institute. If you are a CFA Institute member, CE credit for you attendance at this event will be automatically recorded in your CE Diary upon request.
National Association of State Boards of Accountancy
1.5 Hours of CPE Credit
Registrants for the live version of this program qualify for 1.5 hours of CPE credit (Specialized Knowledge and Applications). Program Level: Beginner. Delivery Method: Group-Based Internet. SNL Center for Financial Education, LLC, is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700, Nashville, TN, 37219-2417. Website: www.nasba.org.
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