Opportunities Involving Failed Banks
Telephone – Webinar – Audio/Visual CD Rom
Wednesday, August 25, 2010
8:00 am – 9:30 am Pacific
9:00 am – 10:30 am Mountain
10:00 am – 11:30 am Central
11:00 am – 12:30 pm Eastern
Could another failed bank present an opportunity for you? If so, it’s important that the FDIC has a clear picture of your bank’s resources. FDIC preferences don’t consider management experience with larger institutions or capital resources outside the holding company structure. Therefore, if your bank wants to make a larger acquisition than you are paper-qualified, it is strongly recommended that you meet with the FDIC and the primary regulator. This presentation will help healthy banking institutions understand what it takes to qualify as an FDIC bidder, identify and evaluate prospects, prepare and submit a winning bid, and close the transaction.
HIGHLIGHTS
· Opportunities and challenges of buying a failed bank
· Bidder qualifications
· Understanding the agreements
o Loss Sharing Agreement
o Purchase and Assumption Agreement
· Formulating a bid
o Recent successful bid amounts
o Methodologies for formulating a bid
· Performing due diligence
· Tax and accounting implications
WHY SHOULD YOU PARTICIPATE?
With 775 banks currently on the FDIC “Problem List,” it is inevitable that more banks will fail in 2010 and 2011. Learn about the opportunities available for healthy banks to profitably expand their franchises by purchasing a failed bank from the FDIC. There will be no travel costs, no time lost from work, and no one will be required to leave the institution.
WHO SHOULD ATTEND?
This is a must-attend session for the management teams of all strong banks. You may have a rare opportunity to profitably increase your bank’s footprint.
Please note: Your registration fee allows you to have one telephone connection. However, as many people as you like may listen from your office speaker phone. If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.
ABOUT THE PRESENTER – Tom Danielson, LarsonAllen
Tom is a Principal with LarsonAllen and specializes in banking matters. He has provided audit, tax and consulting services for community bankers for over 25 years. Tom routinely consults with bankers in the areas of mergers and acquisitions, succession planning, estate planning, capital planning, regulatory assistance, strategic planning, and internal audit assistance. In addition, Tom has a wide range of experience with fraud and embezzlement investigations.
WHAT IS A TELEPHONE/WEBINAR SEMINAR?
This training method allows unlimited listeners on your office speaker phone. By choosing the webinar option, participants will also be able to view online visuals as the presentation is delivered. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials will be sent prior to the broadcast along with hookup instructions. Your pin number, hookup instructions and handouts will be emailed to you. You will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.
CAN’T ATTEND THE SCHEDULED TRAINING? ORDER THE AUDIO/VISUAL CD ROM!
As an added benefit, you may purchase a CD Rom* of this presentation. The CD includes the original audio/visual presentation, the question and answer sessions, and the handouts. In addition, you will be able to contact the presenter if you have follow-up questions. Use this “off-the-shelf” training program for those that could not attend the live seminar and for future training. AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE.
*CD Rom for PC use only