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Shelf Charter: A New Way to Acquire Failed BanksBond Street Bank last week became the first federally regulated bank to use a novel procedure to bid on and acquire failed or troubled institutions through the federal bidding process and bring private equity money into banking. The procedure involves the use of a “shelf charter,” which was developed by the Office of the Comptroller of the Currency to enable investors that do not have a bank charter to... Subscribers have free access to the archives. Click here. | |||||||||||||||||
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