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  • factual_observer factual_observer Apr 26, 2010 11:51 AM Flag

    BPOP acquiring WHI branches

    When the acquiring bank receives the transferred deposits from the failed bank, the acquirer receives cash or other assets from the FDIC IN EXCHANGE FOR ASSUMING THE LIABILITIES. Just imagine the scenario if BPOP were to receive just a couple billion cash for receiving part of WHI's (core) deposits and then using that cash to redeem the TARP stock. Two birds killed with one stone.

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