FDIC Announces New Investor Match Program

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The Federal Deposit Insurance Corporation (FDIC) on September 7 announced the launch of a new program to encourage small investors and asset managers to partner with larger investors to participate in the FDIC's structured transaction sales for loans and other assets from failed banks. The Investor Match Program will help to facilitate partnerships in order to bring together sources of capital and expertise. Participants in the program will use a customized database to identify potential collaborations, which will be identified at the sole discretion of the participating firms.

The FDIC believes in the value of facilitating a cooperative solution between large investors and small investors and asset managers. The goal of the Investor Match Program is to expand opportunities for participation by smaller investors and asset managers, including minority and women-owned firms, in FDIC structured sales transactions. To participate in the Investor Match Program, every investor must be pre-qualified to bid in FDIC structured sales transactions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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