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Loan Sales Announcements OFFERING ANNOUNCEMENT #ANB-080729 As the Loan Sale Advisor for the Federal Deposit Insurance Corporation ("FDIC"), First Financial Network, Inc. ("FFN") is pleased to provide the opportunity to acquire certain assets. The next of these offerings consists of approximately $2.3MM in Charged-Off Credit Card Accounts (#ANB-080729) from the recently closed ANB Financial in Bentonville, Arkansas. There are approximately 1,000 accounts currently in the portfolio, which were originated on a nationwide basis with concentrations in AR, OK, MO and TX. The majority of these accounts were charged-off at some point after 2003. KEY DATES
FDIC markets loans through two loan sales advisors:
First Financial NetworkWhen FDIC has loans available for sale they will be assigned to one of the two loan sale advisors and the loans will be marketed on their respective websites. The loan sale advisors will provide approved bidders information on the loan pool(s) being offered for sale. Each advisor has the ability to offer both electronic due diligence on their website and hard copy due diligence. Each of their websites has an internet bid platform where bids on FDIC loan sales will be submitted. If you are interested in participating in a loan sale offering, you are recommended to contact each of the loan sale advisors and request an account on their web site. Each advisor has their own requirements for granting access to their site. You are encouraged to make application so you will receive notice of any FDIC loan sale offering. |
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| Last Updated 7/7/2008 | assetmarketing@fdic.gov | |||||||
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