Banks and Private Equity: Is the Momentum Sustainable?

Opening the Door?
Examining the FDIC's New Policies on Private Equity Investments in Banking



Web Seminar
Available on Demand
Duration: 75 minutes
Cost: $99

Private equity firms are bidding on, and acquiring, failed banks and the momentum for such deals appears to be gaining traction. But is it sustainable? Get the answer during our web seminar, "Opening the Door? Examining the FDIC's New Policies on Private Equity Investments in Banking"..

This survey of the industry and deal making landscape seeks to answer this broad question from three key perspectives: banking, private equity investment, and regulatory.

Hear from our expert panelists, Wilbur Ross, Chairman & CEO, INVESCO's WL Ross & Co., William Stern, Partner, Business Law Department, Goodwin Procter, Charles Wendel, President, Financial Institutions Consulting, Inc. and moderator Tom Granahan, Editor, Investment Dealer's Digest.

Questions the panel will address include:

      • Why are some banks motivated sellers in this environment?
      • Is there a role for PE to play with healthy banks?
      • Why is this an attractive investment area for private equity firms?
      • How will the FDIC's final rules likely play out?

As a participant, you're invited to pose questions to the panel during this live discussion. Participants can also send questions to the panel in advance.

View this presentation today for $99. You are also invited to attend our half-day life event "Third Annual Private Equity Investing in Banks Symposium," at the University Club in New York City on Oct. 27, for the special discount rate of $299 for both events. You save $149!

Register Now!


Panelists:

Wilbur Ross

Wilbur Ross, Chairman and Chief Executive Officer, INVESCO's WL Ross & Co.

Wilbur Ross may be the best known turnaround financier in the U.S., having been involved in the restructuring of over $200 billion of defaulted companies' assets around the world. In 1998, Fortune Magazine called him "the King of Bankruptcy."

Mr. Ross organized International Steel Group in April 2002 and was its Board Chairman. By acquiring Bethlehem, LTV, Weirton, Acme, Georgetown and U.S. Steel's plate operation, ISG became the largest integrated steel company in North America. It was listed on the New York Stock Exchange until it merged with Mittal Steel to form the largest steel company in the world. Mr. Ross remains a director of Mittal and was a member of the three-director committee responsible for the recent successful bid for Arcelor.

William Stern

William Stern, Partner, Business Law Department, Goodwin Procter

William Stern is a partner in the firm's Business Law Department, where he is a member of the Financial Services Group. Mr. Stern works on a variety of transactional and regulatory matters for Goodwin Procter's financial services clients, with particular emphasis on representing thrift institutions and their holding companies as well as transactions involving the creation of a new bank or thrift charter or a charter conversion, including advising clients on choosing and structuring the most appropriate depository institution charter for their business needs.

Mr. Stern has worked extensively with insurance companies, securities firms and other nonbank financial services providers to establish limited purpose trust banks and other nontraditional vehicles for providing fiduciary and asset management services.

Charles Wendel

Charles Wendel, President, Financial Institutions Consulting, Inc. (FIC)

Charles Wendel is President of Financial Institutions Consulting, Inc. (FIC), a management consulting firm dedicated to fostering growth and improving productivity in the financial services sector.

Mr. Wendel has extensive experience both as a banker and consultant. He began his banking career with Citibank as a commercial lender and has also worked as a merchant banker with Schroders and Bankers Trust. His banking background includes experience in workouts and corporate restructurings.

Moderator:

Tom Granahan

Tom Granahan, Editor, Investment Dealers' Digest

Tom Granahan is Group Editorial Director, Capital Markets, at SourceMedia and the Editor of IDD. He has more than 16 years of financial-journalism experience, having written about the stock market for Dow Jones Newswires and The Wall Street Journal for several years. He also supervised the Newswires' U.S. bureaus, and was the founding editor of Dow Jones Market Talk, which some consider to be one of the earliest forms of financial-news blogging.

Participants of this web seminar are invited to attend the live event, "Third Annual Private Equity Investing in Banks Symposium," at the University Club in New York City on Oct. 27, for the special discount rate of $299 for both events. You save $99!

Join us for an in-depth symposium to investigate how far these investments can grow, with a top roster of speakers from the PE, banking, and legal industries. Click here for more information.

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