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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (36090)	3/26/2010 7:49:01 PM
From: E_K_S	Read Replies (2) of 78666

NYB acquires more cheap assets from FDIC w/ "loan-loss" guarantees. New York Community Bancorp, Inc. Acquires the Deposits and Certain Assets of Desert Hills Bank in an FDIC Transaction finance.yahoo.com From the article:"...Under the terms of the agreement with the FDIC, the Community Bank received assets of approximately $500 million, including loans and ORE of approximately $325 million. All of the loans and ORE acquired in the transaction are subject to loss sharing agreements with the FDIC...". =============================================================== This seems like the best way to expand your bank and acquired assets guaranteed by the FDIC too. EKS

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