Foley Partners Matthew Breuer and David Cook authored an article titled “FDIC Adopts Rules to Attract Private Equity Purchasers of Failed Banks” in the September 21, 2009 issue of Real Estate Finance & Investment. The authors discuss the new rules created by the Federal Deposit Insurance Corp. in order to encourage private equity firms to buy failed banks, noting that the FDIC is looking for non-bank investors to help defray the costs related to bank failures. They add that the FDIC’s willingness to adopt weaker private equity investment rules could spell opportunity for investors who are willing to operate by the new rules.
