FDIC Asset Purchaser, Investor, and Minority Depository Institutions Outreach Seminar


Wednesday, October 13, 2010


The FDIC recognizes the important contributions made by diverse businesses and strongly supports Minority and Women-Owned businesses and Minority Depository Institutions. The FDIC is dedicated to promoting inclusion of minorities and women, and entities owned by minorities and women, including financial institutions, investment banking firms, underwriters, accountants, and providers of legal services, in the disposition of assets from failed banks.

The FDIC is responsible for efficiently disposing of assets from failed banks in the most cost-effective manner possible. The FDIC has assets from failed banks available for acquisition by depository institutions, investors and asset purchasers.

In light of these opportunities, the FDIC is aggressively expanding outreach efforts to encourage participation of Minority and Women-Owned businesses, Minority Depository Institutions, investors and asset managers in:
  • Financial institution franchise marketing
  • Bidding process for portfolios of loans and other assets under FDIC structured sales
  • Purchasing other loan assets and Owned Real Estate (ORE) assets, and
  • Establishing or acquiring Minority Depository Institutions
The FDIC is hosting a series of seminars to provide information on how to be an FDIC Investor and/or Asset Purchaser and how to establish or acquire a minority depository institution. You are cordially invited to join us.

When: Wednesday, October 13, 2010
8:30 AM - 5:30 PM		 Where: Holiday Inn Golden Gateway
1500 Van Ness Avenue
San Francisco, California

To reserve a space in San Francisco, please register at www.rgameetings.com/fdic/apios by Friday, October 8, 2010.

Who Should Attend?
Minority and Women-Owned businesses such as equity managers, fixed income managers, hedge fund managers, private equity firms, real estate funds, broker dealers, other financial service investors and asset purchasers, and firms seeking to partner with Minority and Women-Owned businesses. Firms interested in gaining information about the types of assets the FDIC has for sale, the various methods used to sell assets, how to become pre-qualified as a potential investor or asset purchaser, the types of sales and investor opportunities/programs available including securitization, structured loan sales, loan and ORE sales should also attend.

The event is being sponsored by the FDIC's Office of Diversity and Economic Opportunity, Division of Supervision and Consumer Protection, and the Division of Resolutions and Receiverships. It is FREE of charge.

Questions
Velda Fludd (703) 562-6071 or Linda Douglas (703) 562-6072

Office of Diversity and Economic Opportunity, Arlington , Virginia

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