
Get the free fdic loss share agreement with community & southern bank for appalachian communi...
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PURCHASE AND ASSUMPTION AGREEMENT WHOLE BANK ALL DEPOSITS AMONG FEDERAL DEPOSIT INSURANCE CORPORATION, RECEIVER OF APPALACHIAN COMMUNITY BANK, ELIJAH, GEORGIA FEDERAL DEPOSIT INSURANCE CORPORATION
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How to fill out fdic loss share agreement

How to fill out fdic loss share agreement:
01
Obtain a copy of the fdic loss share agreement form from the FDIC's official website or through a recognized legal resource.
02
Read through the entire agreement carefully to understand the terms and conditions.
03
Fill in the necessary information in the agreement, such as the names and contact details of all parties involved, including the FDIC and the acquiring institution.
04
Provide details about the financial institution that is acquiring the assets, including its legal name, address, and taxpayer identification number (TIN).
05
Include the agreed-upon terms regarding the acquisition of assets, including the specific assets covered under the agreement and the corresponding share percentages between the acquiring institution and the FDIC.
06
Indicate the timeline or duration of the agreement, including any termination clauses or options for renewal.
07
If applicable, provide information about any indemnification provisions or limitations of liability.
08
Sign and date the agreement, ensuring that all parties involved in the agreement also sign and date where required.
09
Keep a copy of the fully executed agreement for your records and provide copies to all relevant parties involved.
Who needs fdic loss share agreement?
01
Financial institutions seeking to acquire assets from a failed bank or thrift institution under the FDIC's loss share program.
02
The FDIC, as the agency responsible for administering and overseeing the loss share program.
03
Any other parties involved in the acquisition, such as regulators, legal counsel, or third-party consultants, who may require documentation of the agreement for review or audit purposes.
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