FDIC announces new process for nonbanks to bid on failed large banks
10/17/25
The FDIC announced that it has developed a pre-qualification process for nonbank bidders with the intent of qualifying nonbank bidders in advance of any offering.
Details: Speaking in Brussels this week, FDIC Acting Chairman Travis Hill said the FDIC continues to explore ways to expand participation from nonbanks in the marketing process of failed banks.
Outlook: Hill said the process will start as a pilot in January 2026 and will be revised based on feedback.