If a prospective bidder has been qualified to receive transaction-specific information as previously described, to be eligible to bid in a Joint Venture Transaction, the prospective bidder will also be required to provide information regarding financial, managerial, and legal matters by completing a Bidder Qualification Application in accordance with the instructions contained in the Application Guidance and Instructions. Bidder qualifications may vary from transaction to transaction.
Prospective bidders are encouraged to refer to the Bidder Qualification Application: Frequently Asked Questions - PDF for additional information regarding the Bidder Qualification Application.
The Bidder Qualification Application will be used by the FDIC to determine whether the prospective bidder has the requisite financial resources and managerial capabilities to be a successful bidder and to ensure that their background (such as a recent bankruptcy or criminal conviction) would not make it inadvisable for the FDIC to allow them to participate in the transaction. Information made available in connection with a specific transaction will indicate whether this process is applicable to that transaction.
In addition, any insured depository institution that contemplates participating and bidding in a Joint Venture Transaction must obtain any required regulatory approval to submit a bid.
Questions
Questions regarding this bidder qualification process should be directed to prospectivepurchaser@fdic.gov or, if you have already received a transaction-specific announcement, to the financial advisor for that specific transaction.