BANKING & FINANCE - July 12, 1991
- Share via
From Times Staff and Wire Reports
Bidding for Ailing Banks Will Begin: The Federal Deposit Insurance Corp. said it will accept bids for New Hampshire’s five largest banks through Sept. 3. The institutions are struggling under a heavy load of overdue loans and foreclosed real estate because of New England’s slumping economy. A spokesman for the FDIC, which guarantees deposits up to $100,000, said the agency already has “eight parties with a serious interest” in buying the banks.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
