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BBVA Compass Announces Early Termination of Loss Share Agreements!Thursday, July 13, 2017
Congratulations to BBVA Compass (BBVA) of Birmingham, Alabama for successfully terminating their FDIC loss share agreements on their failed bank receivership: Guaranty Bank.
As of July 12, 2017 BBVA will now recognize entirely all future gains, recoveries, charge-offs, losses and expenses related to the formerly covered assets with no offset to the FDIC.
DD&F served as an advisor to BBVA in successfully terminating their shared loss agreements with the FDIC and would like to congratulate all of the BBVA team. We wish you continued success!
DD&F has completed 71 buyouts so far, or 41% of all the deals completed and have saved our clients over $115MM in true-up savings.
Additionally, we have recently completed buyouts for Great Southern Bank, Springfield, MO (on 6/9/17), BankSouth, Greensboro, GA (on 4/12/17), First-Citizens Bank & Trust Company, Raleigh, NC (on 3/29/17), Southern Bank & Trust, Inc., Mt. Olive, NC (on 3/7/17), Oriental Bank, San Juan, PR (on 2/7/17), Mutual of Omaha Bank, Omaha, NE (on 1/30/17), Huntington Bancshares/FirstMerit Bank, Akron, OH (on 1/25/17), IBERIABANK, Lafayette, LA (on 12/21/16) and Renasant Bank, Tupelo, MS (on 12/8/16).
DD&F has assisted with by far the most buyouts in the country and has assisted in 21 of the last 32 successful buyouts.
We would be happy to sit down and talk with you or your team at our expense about how we can help you get out of loss share. Even better, at no cost to you, we can evaluate your true-up and give you an estimate of how much in savings we can find.Back to News and Events