American Banker Offers Tips for Community Banks to Acquire Failed Banks

February 23, 2010 at 9:11 pm Leave a comment

Today’s American Banker online has an article (available here, subscription required) by Kate Davidson in which she recites tips from community bank officers on how to submit a successful bid package for failed banks.   Among the more noteworthy tips for community banks are the following:

  • Realize from the outset that small banks are at a competitive disadvantage in the bidding process. 
  • Track potential targets by monitoring regulatory actions every month. 
  • Raise capital well before making a bid.   It demonstrates stability. 
  • Target fewer and smaller banks. 
  • Demonstrate that experienced management will be in charge of the failed bank after the acquisition.

Entry filed under: FDIC, Financial Institutions, Uncategorized.

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