Large Bank Supervision Forum eBook

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NONPUBLIC//FDIC INTERNAL ONLY

What Happens Closing Weekend?

Signing meeting with Assuming Institution

Closing TeamMeeting

Chartering Authority closes the institution and the FDIC is appointed Receiver

Closing Team and employees of failed institution work over the weekend

Assuming Institution resumes normal operations the next business day and customers of failed institution become customers of Assuming Institution

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