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FIC President Charles Wendel will be presenting at a January 26, 2010 Bankerstuff.com webinar, Managing FDIC-Backed Shared-Loss Transactions. This webinar discusses the attractive economics of these transactions, reviews tested tactics for managing the transactions, and discusses how best practice players are optimizing the immediate cash flow from these deals. Please see our events page, here.

Charles Wendel also has an article in the January 12, 2010 American Banker: "Five Key Tasks to Make FDIC Loss-Sharing Work."

Financial Institutions Consulting, Inc. (FIC)

Founded in 1995 by Charles B. Wendel, FIC focuses on providing strategic advice and tactical support to its financial services clients. FIC has a long-established reputation and expertise in working with banks on issues related to small business and middle market (SME) and wealth management.

In addition, in the last year, FIC has expanded its focus working with banks and investors on issues related to acquisitions. We have also added capabilities related to managing FDIC-backed Shared-Loss transactions.

FIC’s Focus on FDIC Shared-Loss Agreements

During 2009, the FDIC entered into 90 Shared-Loss transactions with banks and investor groups. In 2010, we expect the number of transactions to increase sharply.

We work with banks to help them optimize their returns on these transactions. Depending upon client requirements, our focus includes:

  • Initial due diligence of loan portfolios of target banks
  • Creation of accounting controls, processes, and procedures required to support FAS 141R and SOP 03-3
  • Identification and analysis of loans for claims submission
  • Generation of the monthly/quarterly claim certificate
  • Implementation of FIC’s proprietary loan level tracking/reporting application

For greater detail on FIC’s Shared-Loss focus and to explore our thought leadership on this topic, click here to visit our Shared-Loss Homepage

To learn more about FIC’s Shared-Loss capabilities or to find out how we can help your bank manage these increasingly attractive deals, contact Charles Wendel at cwendel@ficinc.com

FIC Expertise Profits the Financial Services Industry

FIC's financial industry expertise includes:

Our client base consists of banks and non-bank financial services companies as well as industry associations. In almost every case, we have conducted multiple studies with clients, illustrating our ongoing commitment to our clients' success and their satisfaction with our work. FIC has successfully completed projects in many areas of critical importance to the financial services industry.

FIC Helps Financial Institutions
FIC Helps Financial Institutions Solve Today's Challenges

FIC Serves the Financial Services Industry

Financial institutions can benefit from FIC's services, which focus on growth and profitability.

FIC's many financial industry services include:

  • Strategic Development
  • Implementation Planning
  • Advisory Consultations
  • Workshops

We provide our clients with a flexible operating model, allowing us to customize the level and type of our involvement to meet client needs.

Contact us today to learn how FIC can profit your financial institution.