Exchange Currency

purchase and assumption (P&A)

A method of dealing with failing banks preferred by the Federal Deposit Insurance Corporation (FDIC). All liabilities are assumed by a healthy bank. In a clean-bank transaction, it does not take over the loan assets. In a whole-bank transaction, it does.

Related information about purchase and assumption (P&A):
  1. Purchase And Assumption (P&A) Definition | Investopedia
    Purchase and assumption (P&A) is the most common of three basic resolution methods used by the Federal Deposit Insurance Corporation (FDIC) to deal with ...
     
  2. chapter 3 – purchase and assumption transactions - FDIC
    methods: purchase and assumption (P&A) transactions, deposit payoffs, and open bank assistance. (OBA) transactions. Of the three, purchase and assumption ...
     
  3. Deposit Insurance and Bank Failures
    In a purchase and assumption (P&A), the FDIC arranges for another bank to purchase the failed bank and to assume it liabilities. Banks interested submit bids in ...
     
  4. What is purchase and assumption (P&A)? definition and meaning
    Definition of purchase and assumption (P&A): A method of dealing with failing banks preferred by the Federal Deposit Insurance Corporation (FDIC).
     
  5. Purchase And Assumption - P&A: Definition from Answers.com
    Purchase and Assumption Method used by the Federal Deposit Insurance Corporation in closing a failed bank and transferring ownership and control to a ...
     
  6. Simple Tools to Assist in the Resolution of Troubled Banks
    Purchase and Assumption (P&A): This is a resolution tool that allows for the transfer of a troubled bank's operations to another, healthy bank. The process ...
     
  7. Failure Acquisitions - Office of the Comptroller of the Currency
    Instructions for Purchase and Assumption (P&A). The following documents typically must be provided to the OCC for its review prior to approval of a failed bank ...
     
  8. Accounting and Tax Considerations of Acquiring a - Grant Thornton ...
    purchase and assumption (P&A) arrangement, in which the acquirer purchases a “whole bank” with an LSA. This article provides an overview of the accounting ...