TITLE

Packaging Failed Banks Can Stymie Small Buyers

AUTHOR(S)
Barba, Robert
PUB. DATE
April 2010
SOURCE
American Banker;4/23/2010, Vol. 175 Issue F315, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on corporate growth in banking via the purchase of failed banks in the United States. Seacoast Banking Corp.'s chief executive officer Dennis S. Hudson comments on the challenges encountered by his bank when it tried to buy Riverside National Bank. The discussion focuses on why the Federal Deposit Insurance Corp. bundled the sale of Riverside National with two smaller banks.
ACCESSION #
49480420

 

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