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December 20th, 2009 at 6:55 pm
My girlfriend’s bank (and employer) has been an acquirer bank this year of nearly 10 of the 140 failed banks. The first takeover happened back in January, and in addition to her bank team there were over 200 FDIC agents there as well. They were there to be trained on procedures through observation and job shadowing. I presumed then that that was due to the need for forward staffing & training in order to run "fat" to get through the surge in 2009.
Her bank made their most recent acquisitions within the last month (end of 2009), and this time there were 300+ agents on the ground. It sounds to me that Ms. Bair is being very candid about 2010.