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      09-30-2012, 11:41 PM   #86
ASBSECU E93
Know's a guy that know's a guy...
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Drives: 2010 335d; 2008 135i
Join Date: Sep 2011
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Managing partner for a $5 billion startup bank who are capitalizing on the FDIC loss share program to acquire and rehab failed banks. We basically acquire failed banks in the Southeast region. From that point, we place loans that are performing into our subsidiary "performing bank" and attempt to rehab the non-performing assets through our Special Asset Bank. We have a 5 year window to call on the loss-share for any loan that cannot be rehabilitated.
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