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Retreat but Not Reversal by FDIC on Private Equity by Charles E. Greef
Hunton & Williams LLP - Dallas Office
Peter G. Weinstock
Hunton & Williams LLP - Dallas Office
Geoffrey S. Kay
Hunton & Williams LLP - Austin Office
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September 15, 2009
Previously published on August 2009
On August 26, 2009, the Federal Deposit Insurance Corporation ("FDIC") issued its Final Statement of Policy on Qualifications for Failed Bank Acquisitions ("Final Rules"). The Final Rules signal a retreat, but not a reversal, of the disparate treatment afforded private equity backed bids on failed bank transactions, as compared to bids from strategic acquirors.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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