Large Bank Supervision Forum eBook

NONPUBLIC//FDIC INTERNAL ONLY

Typical Marketing Timeline / Milestones

Community Bank (~90 days)

Preparation

Marketing

Bid Evaluation

T-90 to 70 days

T-70 to 10 days

T-10 to 0 days

• Prompt Correction Action (PCA) Letter • Board Resolution • Bidder list developed • Marketing plan developed • Gathering due diligence information • Virtual data room (VDR) prepared

• Marketing authorized • VDR opened to qualified bidders

• Bid acceptance; review bids and perform Least Cost Test

T-90

T-70

T-10

• Asset valuation complete

• Purchase and Assumption (P&A) agreement signed

T-75

T-55

T-2

• Due diligence preformed; Bidder interaction; feedback on offering; modification, if needed

T-70 - 10

• Institution closed by chartering authority

T-0

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