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Home > Asset Sales > Loan Sales > > Loan Sales Announcements |
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Loan Sales Announcements OFFERING ANNOUNCEMENT $23MM in Performing/Non-Performing SBA Loans #ANB-2-08 As the Loan Sale Advisor for the Federal Deposit Insurance Corporation ("FDIC"), First Financial Network, Inc. ("FFN") is pleased to provide FDIC the opportunity to acquire certain assets offered from time to time. The next of these offerings consists of approximately $23MM in Performing/Non-Performing SBA (#ANB-2-08) from the recently closed ANB Financial in Bentonville, Arkansas. This portfolio is comprised of approximately 70 commercial real estate and C&I loans. These loans range in size from under $25,000 to over $1MM and will be pooled according to performance and SBA guaranty status. The vast majority of the collateralized properties are located in Arkansas. KEY DATES
OFFERING ANNOUNCEMENT $190MM in Performing/Non-Performing Commercial, Residential & Consumer Loans #ANB-5-08 As the Loan Sale Advisor for the Federal Deposit Insurance Corporation ("FDIC"), First Financial Network, Inc. ("FFN") is pleased to provide FDIC the opportunity to acquire certain assets offered from time to time. The next of these offerings consists of approximately $190MM in Performing/Non-Performing Commercial, Residential & Consumer Loans (#ANB-5-08) from the recently closed ANB Financial in Bentonville, Arkansas. This portfolio is comprised of approximately 1,809 commercial real estate, C&I, residential and consumer loans. These loans range will be pooled according to performance, collateral type, lien position, borrower relationship and location. There are concentrations of the collateralized properties in Arkansas, Missouri, Utah and Oklahoma. KEY DATES
FDIC markets loans through two loan sales advisors:
First Financial NetworkWhen FDIC has loans available for sale they will be assigned to one of the two loan sale advisors and the loans will be marketed on their respective websites. The loan sale advisors will provide approved bidders information on the loan pool(s) being offered for sale. Each advisor has the ability to offer both electronic due diligence on their website and hard copy due diligence. Each of their websites has an internet bid platform where bids on FDIC loan sales will be submitted. If you are interested in participating in a loan sale offering, you are recommended to contact each of the loan sale advisors and request an account on their web site. Each advisor has their own requirements for granting access to their site. You are encouraged to make application so you will receive notice of any FDIC loan sale offering. |
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Last Updated 9/11/2008 | assetmarketing@fdic.gov | ||||||||||||||
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