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FDIC to Hold Workshops for Asset Purchasers, Investors

""FDIC"":http://www.fdic.gov/ announced Friday it is conducting a series of outreach workshops to provide information on investing in or purchasing assets retained from failed financial institutions.


The workshops will be held in ""Chicago"":https://www.thinkreg.com/coral/register.do?formId=NF1BOGZP0PSU (September 27), ""Los Angeles"":https://www.thinkreg.com/coral/register.do?formId=NF1BQTYC2G5Y (October 2), and ""New York"":https://www.thinkreg.com/coral/register.do?formId=NF1BQTZJ8T6Q (October 16). Interested parties must register for the workshops by September 25, October 1, and October 15, respectively.

Each half-day workshop will run from 8 a.m. to 1 p.m. and will cover a variety of topics, including: The creation and operation of structured sales transactions; the pre-qualification process, including a discussion on necessary transactional documents; details about the Small Investor Program and ""Investor Match Program"":http://www.fdic.gov/about/diversity/mwop/InvestorMatchBrochure.html; and information on how to participate in cash loan sales and real estate sales.

As the institution responsible for disposing of failed banks' assets, FDIC is including some assets in a structured sales program. All investors who are interested are encouraged to register, and FDIC is working to ensure diverse participation in the program by welcoming minority- and women-owned investors and asset managers to participate or partner in bidding on equity interests sold to investors under the program.

""Our outreach workshops have been met with tremendous enthusiasm by investors,"" said Pamela Farwig, deputy director of the Division of Resolutions and Receiverships. ""The workshops are an example of our commitment to ensure that the structured sales transaction process is inclusive of all firms, large and small. We believe that expanding the investor pool will assist in minimizing losses to the Deposit Insurance Fund.""

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

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