Recorded: February 4, 2010
Length: 90 Minutes
This timely webinar will discuss the opportunities available to healthy banks to profitably expand their franchises by purchasing a failed bank from the FDIC. Topics include:
- Opportunities and challenges of buying a failed bank
- Bidder qualifications
- Understanding the agreements
- Loss Sharing Agreement
- Purchase and Assumption Agreement
- Formulating a bid
- Recent successful bid amounts
- Methodologies for formulating a bid
- Performing due diligence
- Tax and accounting implications
This is a 'must' session for the management teams of all strong banks.
This may be a rare opportunity to profitably increase your bank's footprint.
Speakers:
Tom Danielson is a Principal with the Financial Institutions Group of LarsonAllen LLP For over 25 years, Tom has provided audit, tax and consulting services for community bankers. Tom routinely consults with bankers in the areas of mergers and acquisitions, succession planning, estate planning, capital planning, regulatory assistance, bank valuation, policy development, strategic planning and internal audit assistance. Tom also has a wide range of experience with fraud and embezzlement investigations.
Scott Coleman has assisted Lindquist & Vennum's community bank and bank holding company clients in connection with: Mergers, acquisitions and other bank and non-bank expansionary opportunities; Private placements, trust preferred security transactions and other forms of capital raising; Regulatory issues; and Payment systems, negotiable instrument and check collection matters.
1 CPE Credit
Program Level: Basic-Intermediate
For more information, call 800-422-7285.
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