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The Federal Deposit Insurance Corporation, also known as FDIC, is an independent agency created by the Congress. It examines and supervises more than 5,160 financial institutions in the United …
The Federal Deposit Insurance Corporation, also known as FDIC, is an independent agency created by the Congress. It examines and supervises more than 5,160 financial institutions in the United States.
Does the Statement of Policy apply to recapitalizations of existing banks? Would it apply if the recapitalized institution acquired a failed insured institution?
A:
Recapitalizations of existing institutions are not subject to the Statement of Policy. Where new Investors have recently recapitalized an institution and the institution seeks to acquire a failing bank,...
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