Bid List Information
Learn about FDIC bid lists for failed bank acquisitions.
The FDIC invites approved and qualified bidders to participate in acquisition opportunities by means of a bid list. Bid lists are created for each acquisition opportunity based on potential acquirer's qualifications and interests and characteristics of the failing bank such as capital ratios, regulatory ratings, assets and core deposits as reported on the most recent Call Report and geographic location of the bank. Each bid list is developed using several criteria sets to identify approved potential bidders for an acquisition opportunity, while considering factors that match likely approved bidders to an acquisition opportunity. In order for an institution or organizing group to be included on a bid list, they must be an insured financial institution or have a shelf charter approved. Banks qualified for a bid list will be notified of the applicable acquisition opportunity by email and granted initial access to the FDIC's virtual data room.
Approved potential bidders may submit the FDIC Potential Bidder Contact Form by clicking here. Please be sure to provide a primary and secondary contact for your institution or organizing group. Contact the FDIC to update bank contact information whenever the Point of Contact changes (due to staff changes, responsibility changes, etc.) in order to receive timely notifications in the future of an acquisition opportunity. You can also email or call the FDIC's Franchise Marketing section to provide your contact information and bidder preferences. It is helpful to know your state preferences. Your bank may still be selected for a bid list even if you have not provided your state preference. The FDIC collects geographic interests at the state level.
The FDIC adopted a Statement of Policy on Qualifications for Failing Bank Acquisitions in order to address qualifications, requirements, and restrictions applicable to private equity participation in the FDIC's bid process. The FDIC's Division of Risk Management and Supervision in Washington reviews such proposals. To get started in the application process, send an email to firstname.lastname@example.org.
The potential bidder should contact the assigned FDIC Case Manager, the chartering authority, and, if applicable, the Federal Reserve Board to determine if the institution is eligible to bid. You may also contact the FDIC by sending an email to email@example.com.
Approved potential bidders sometimes use consultants and agents to help analyze a target institution, perform on-site due diligence, review loan files, provide legal advice, and submit bids. The FDIC does not give preference to bidders that use consultants and does not endorse firms offering consulting services. If you choose to engage a consulting firm, please be aware that your institution is responsible for making sure that its consultants abide by the FDIC's confidentiality agreement. The FDIC does not allow consultants to represent more than one group competing for the same institution. Potential bidders should notify the FDIC if they are using consultants and if they have authorized the consultants to represent the institution. The FDIC may grant the consultants access to the virtual data room once the approved potential bidder notifies the FDIC and requests access.
In certain situations, a potential bidder may not meet the supervisory criteria for a particular bid opportunity. State and asset size preferences can be updated via the FDIC Potential Bidder Contact Form.
Send an email to firstname.lastname@example.org or call the FDIC Dallas Regional Office at 1-800-568-9161 and ask for the DRR Franchise Marketing Section.