OCC, FDIC Relax Rules Applying To Bidders For Troubled Institutions

OCC, FDIC Relax Rules Applying To Bidders For Troubled Institutions

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WilmerHale’s Investment Management Group provides sophisticated legal and regulatory advice to investment advisers, private fund sponsors, registered funds, and their independent trustees.
Following an earlier policy statement by the Board of Governors of the Federal Reserve System designed to provide flexibility and opportunities for new investors to provide capital to the banking system, both the Office of the Comptroller of the Currency (the OCC) and the Federal Deposit Insurance Corporation (the FDIC) have issued recent statements designed to increase the ability of new investors to purchase troubled depository institutions. For more on these recent statements by the OCC and FDIC, see our recent Email Alert.

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