Templates of contractual agreements for transactions of failing banks have been posted by the federal bank deposit insurance agency “to facilitate review in advance of any acquisition opportunities,” the agency said Tuesday.
In a financial institution letter (FIL), the Federal Deposit Insurance Corp. (FDIC) said the move was an effort to enhance its public website in an effort “to increase transparency into the marketing and sale process of failing financial institutions.”
“The FDIC has been working across a number of different areas to improve the bidding process for failed institutions and incorporate lessons learned from the 2023 bank failures,” the FDIC said in the letter (FIL-62-2025). “The FDIC has updated several pages of its public website to reflect this work, including providing additional information related to nonbank asset bidders and ‘alliance bids’ when multiple bidders combine resources to bid on a failed institution.”
The agency said updates were made to pages such as franchise sales, acquisition overview, alliance bidding and more.
In addition, the FDIC said, it has conducted an “extensive outreach program” to improve the bidding process. “One consistent theme was the need to make the FDIC’s transaction documents more readily available and to consider ways to improve and modernize such forms,” the agency said.
As for the templates, the FDIC said they will likely change over time. Newer versions may then be posted, it said. “The version of a template used for any particular transaction could be different from the posted version as a result of updates that have not yet been posted and/or unique transaction offerings,” the agency said.