I think my days are numbered (lay offs)
- Thread starter jcardona1
- Start date
yeah already started. i was supposed to meet with a recruiter last night but i had to work late. got pulled on a few projects by the FDIC folksrmorse;2770242;2770242 said:
FDIC always shows up on Friday late, that is when they close the banks.
You guys were closed over the weekend and reopened on Monday as the new bank?
You guys were closed over the weekend and reopened on Monday as the new bank?
yup, thats how it went down. theyre still here. the guy im working with said most FDIC folks should be gone by tomorrow, all of them will be out by fridayreverse;2770991;2770991 said:
jcardona1;2770996; said:
that's the typical MO, hang in there..........you see I keep fish right?
im not too sure. this whole process is new to me. pretty much they seize the bank, and then transfer it over to the buyer. i believe they are here taking all the necessary files. its called a "receivership", so the FDIC is the receiver. aside from that, i dont know that they do here for so longNilePufferFanatic;2771611;2771611 said:
jcardona1;2771696; said:im not too sure. this whole process is new to me. pretty much they seize the bank, and then transfer it over to the buyer. i believe they are here taking all the necessary files. its called a "receivership", so the FDIC is the receiver. aside from that, i dont know that they do here for so long
They facilitate the transfer to the new entity. They come in and do a rough "once over' of the books and assets on hand to make sure there is not a discrepancy or out and out theft from the former bank.
They also validate the existing accounts,assets, liabilities, programs, and any other systems that should be in place in an FDIC insured facility.
I imagine they have released the board and upper management?
yeah most of upper management is gone already. im sure theyll start working their way down the "ladder" in a few weeksreverse;2771723;2771723 said:
