RE: WAMU | HERE IS THE CONFIDENTIAL 112 PAGE PURCHASE & ASSUMPTION AGREEMENT BETWEEN FDIC, CHASE

Division of Resolutions and Receiverships Institution Numer: 10015 Insti tution Location: Henderson, NV Washington Mutual Bank Closing Book Date of Closing: September 25, 2008 Confidential Information Confidential Information Transaction Recap Washington Mutual Bank Henderson, NV In all the transactions offered by the FDIC, the Whole Bank Purchase and Assumption Agreement will be tailored to the winning bid. In all transactions, all assets are purchased by the acquirer and the preferred stock is excluded from the transaction. The legal documents will be the governing documents for this transaction. The FDIC is offering five alternative transaction structures: 1. All liabilities are assumed except the preferred stock. 2. All liabilities are assumed, except the preferred stock and the subordinated debt. 3. All liabilities are assumed except the preferred stock, the subordinated debt and the senior debt. 4. All deposits and secured liabilities are assumed by the acquirer. 5. All insured deposits and secured liabilities are assumed. The bid for alternatives 1, 2, or 3 must be at least the FDIC’s administrative costs of the closing equal to $ (amount to be provided) .

Here is the document. Click here.

One response to “RE: WAMU | HERE IS THE CONFIDENTIAL 112 PAGE PURCHASE & ASSUMPTION AGREEMENT BETWEEN FDIC, CHASE

  1. 1. There are a ton of spelling errors in the document 2. There are no signatures and 3. Wasn’t it 118 pages, not 112?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s