Acquiring failure

On April 23, the FDIC published additional Q&As on the Statement of Policy on Qualifications for Failed Bank Acquisitions (“Policy Statement”) issued in September 2009. The Q&As clarify that there is no requirement that investors must have held their ownership for a specific amount of time.

Filed under:
USA, Banking, Corporate Finance/M&A, Insolvency & Restructuring, Morrison & Foerster LLP, Share (finance), Shareholder, Board of directors, Consideration, Holding company, Voting, Capital punishment, Right of first refusal, Federal Deposit Insurance Corporation (USA)
Authors:
Oliver I. Ireland
Location:
USA
Firm:
Morrison & Foerster LLP