DLA Piper's Banking Regulation Team to Present at Private Equity Leaders Forum 2009

Dec. 8, 2009 - PRLog -- Rusty Conner, Managing Director of DLA Piper's Washington DC Office and partners Michael Reed and Richard Coll, leaders of their Banking Regulation team, will present at Private Equity Leaders Forum 2009, "Buying a Failed Bank: Opportunities and Pitfalls" (http://www.PrivateEquityLeadersForum.com), on December 11th, New York City on "Theory and Practice of Private Equity Firms Investing in Failed Banks".

Private equity funds face barriers to acquire or make significant investments in a failed bank following the FDIC's issuance of its "Final Statement of Policy on Qualifications for Failed Bank Acquisitions". For instance, the depository institution must be capitalized at a minimum 10% Tier 1 common equity to total assets ratio. Questions that Messrs. Conner, Reed and Coll will address at Private Equity Leaders Forum 2009 include:

•   What are the FDIC and Federal Reserve rules for private equity investments in both healthy and failed banks, and the practical implications of these rules?
•   Which are the mechanics of loss-sharing arrangements with the FDIC and how these deals are being and can be structured?
•   How recently proposed legislation and regulatory initiatives would overhaul the financial services industry?
•   What is the likelihood that pieces of these proposals will be passed by Congress and adopted by the federal banking agencies?

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