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In its role as federal regulator, the FDIC reviews applications submitted by its insured institutions, individuals, and other entities for approval …
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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