Volume 14 - Number 2
January 29, 2010
Shelf Charter: A New Way to Acquire Failed Banks
Bond Street Bank last week became the first federally regulated bank to use a novel procedure to bid on and acquire failed or troubled institutions through the federal bidding process and bring private equity money into banking. The procedure involves the use of a “shelf charter,” which was developed by the Office of the Comptroller of the Currency to enable investors that do not have a bank charter to...
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