Sept. 26, 2012 – FDIC is still taking registrations for two workshops slated over the next week on how to invest in or purchase assets retained from failed financial institutions.
Registration closed Tuesday for a workshop set for tomorrow in Chicago, but two others remain open:
The half-day workshops will run from 8 a.m.-1 p.m. They will cover the creation and operation of structured sales transactions; the pre-qualification process, including a discussion about the transactional documents necessary to bid; details about the Small Investor Program and Investor Match Program; and information on how to participate in cash loan sales and real estate sales.
The FDIC, in its announcement, notes its responsibility for disposing of assets from failed banks in the most efficient and cost-effective manner possible. The workshops are sponsored by FDIC's Office of Minority and Women Inclusion and the Division of Resolutions and Receiverships.
To date, three credit unions are in the process of merging bank assets into their operations.