Buying a failed bank can be a brutal experience. There may be opportunity to grow your bank, but there also is risk and hard work to do in a short amount of time. Plus, all that work can feel like a waste, if you lose the bid to buy. As the final post in a series on FDIC-assisted bank acquisitions, we’ve summarized advice for those considering such a deal from the latest session of Bank Director’s September 26 conference in Atlanta.
Review our collection of post-conference session highlights featuring insight and advice from the 2011 FDIC-Assisted Bank Deals event.
BUYING INTO TROUBLE? EXPERTS GIVE THEIR ADVICE ON FDIC ACQUISITIONS
Buying a failed bank can be a brutal experience. There may be opportunity to grow your bank, but there also is risk and hard work to do in a short amount of time.
WITH FEW GROWTH OPPORTUNITIES, AMERIS BANCORP WENT ON A SHOPPING SPREE
Two bankers share their experiences with FDIC-Assisted deals as a way to grow their financial institutions.
OPPORTUNITY KNOCKS, BUT THERE ARE DRAWBACKS
Hundreds of banks, most of them small, community organizations, likely will fail in the years to come but there's still the opportunity for bankers to buy troubled institutions and grow balance sheets during tough economic times.
I enjoyed it and took a lot from it.
—Jeff Gribben, First Citizens National Bank Director
Well rounded conference that addressed all of the key issues and unknowns related to FDIC-assisted deals.
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