The Deals of a Lifetime

For some banks, the best deal in years comes in a call from the Federal Deposit Insurance Corp. This spring, at least two banks got that call, following the failures of Silicon Valley Bank and Signature Bank. Those institutions had experienced rapid liquidity failures and were now bridge banks, looking for a resolution. The assets had value, but it wasn’t clear how much. It also wasn’t clear if the deposit runs had stopped. As the deposit insurer, the FDIC was managing the banks, but that’s not its job; disposing the assets to pay out the uninsured deposits was surely going…

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WRITTEN BY

Kiah Lau Haslett

Banking & Fintech Editor

Kiah Lau Haslett is the Banking & Fintech Editor for Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.