TITLE

FDIC Phases in Online Auction of Failed Banks

AUTHOR(S)
Blackwell, Rob
PUB. DATE
February 2001
SOURCE
American Banker;2/6/2001, Vol. 166 Issue 25, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
4068892

 

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