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FDIC announces sale process of former Signature Bank loan portfolio

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The Federal Deposit Insurance Corporation (FDIC) on Monday announced the marketing process for the about $60 billion loan portfolio retained in receivership following the failure of Signature Bank.

The FDIC expects to begin its marketing of the retained loan portfolio of the former Signature Bank later this summer, it said in a statement.

The portfolio is comprised primarily of commercial real estate loans, commercial loans and a smaller pool of single–family residential loans.that FDIC has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected.On March 19, a unit of New York Community Bancorp

 

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FDIC to market failed Signature Bank loan portfolio in the summerFederal regulators said late Monday they expect to begin marketing failed Signature Bank’s loan portfolion later this summer. The portfolio, worth about $60...
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