Highlights:
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As the result of a competitive bidding process, the FDIC has hired a new contractor to handle the VDR used to market failing financial institutions. RR Donnelley's Venue VDR will replace IntraLinks for all new projects.
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The FDIC has been using VDRs to market failing institutions since 2000.
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A VDR is a secure Web site that the FDIC populates with information about failing insured institutions. The FDIC gives qualifying financial institutions access to the VDR, which helps them determine their interest in purchasing a failing bank and evaluate the offering. Users must first sign a confidentiality agreement before they gain entry to the VDR.
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Existing marketing projects launched prior to November 2011 will remain on IntraLinks until they are resolved.
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Bidders familiar with the FDIC's VDR process will find that the Venue folders and documents are similar to what has been used in the past. New bidders can contact the individuals listed in the "Contact" section (left) for technical assistance.
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Institutions should set e-mail spam filters so they will receive messages from RRDVenue.com.
Distribution:
All FDIC-Insured Institutions
Suggested Routing:
Bank President
Chief Executive Officer
Contact:
Jane Slattery, DRR Franchise Marketing at (972) 761-8696 or Jslattery@fdic.gov
Jeff Martin, DRR Franchise Marketing at (972) 560-3536 or jefmartin@fdic.gov
Karen Goetting, DRR Franchise Marketing at (972) 761-8088 or kargoetting@fdic.gov
Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2011/index.html
To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html
Paper copies may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275 3342 or 703-562-2200).
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