FDIC Issues Proposed Guidelines Restricting Private Equity Investments in Failed Banks

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On July 2, the FDIC issued proposed guidelines that would significantly impact private equity investments in failed insured depository institutions. The Proposed Statement of Policy on Qualifications for Failed Bank Acquisitions applies directly only to acquisitions of failed banks, but observers are concerned the FDIC may apply the same or similar guidelines in reviewing applications for approval of investments in operating institutions.

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Morrison & Foerster LLP on:

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