FDIC Phases in Online Auction of Failed Banks

Blackwell, Rob
February 2001
American Banker;2/6/2001, Vol. 166 Issue 25, p1
Trade Publication
Focuses on the venture of the Federal Deposit Insurance Corp. (FDIC) into electronic commerce. Description of the first electronic transaction of FDIC which entails the online sale of the deposits and assets of First Alliance Bank and Trust Co.; Assessment of the electronic system by Robert N. Wheeler, president of Southern New Hampshire who purchased First Alliance.


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