Focus Management Group

Banking Industry Experience

Nationwide Commercial & Consumer Bank

Service:

Liquidation

Company:

A Leading Nationwide Bank with over $4BN in asset-based, real estate, commercial and consumer loans

Situation:

The bank was experiencing financial difficulties, and as a result, had been taken over and was in the process of being liquidated by the FDIC following a Cease and Desist Order.

Focus Scope:

Two Focus Professionals were approved by the FDIC to serve on the Board of the bank to liquidate the entity and maximize the recovery of all parties involved.

Tasks Performed:

  • In this capacity, our Focus Professionals assessed all portfolio loans within the bank and sold all remaining unprofitable mortgages and loans. 
  • New equity was raised, and existing equity was restructured.
  • The Focus team was also able to sell a division of the bank more asset liquidations.

Results:

  • Due to our Focus Professionals’ involvement, no investor or depositor of the bank lost money as a result of the liquidation, nor did the FDIC have any outstanding obligations.
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