FDIC Adds $47M In Real Estate Loans To Nov. Auctions

Law360, New York (October 25, 2011, 3:47 PM EDT) -- The Federal Deposit Insurance Corp. has added $47 million in real estate loans from a failed bank in Washington state to the $250 million loan pool the FDIC is set to auction off next month, the firm tapped to investigate the portfolio announced Tuesday.

First Financial Network Inc. began due diligence on the pool of commercial real estate and agricultural loans seized in August from the Bank of Whitman on Monday, according to an FDIC timeline for the auction, which is planned for Nov. 15....
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