Client Profile – Federal Government Agency

The Need

  • Warbird Consulting Partners (“Warbird”) was contracted by the Client to provide Receivership Assistance.
  • The Client was responsible for all the activities related to the closing, field management and resolution of failed financial institutions brought under the control of the Client.

The Solution

  • Warbird was a partner with the Client currently engaged to provide the technical expertise necessary to manage and facilitate the overall financial institution resolution.  Warbird services encompassed both Receivership and Financial Management as follows:
    • Receivership Management
    • Settlement Services
    • Claims Services
    • Asset Management Services
    • Administrative Services
    • Branch/Loan Production Office Services
    • FF&E, Facilities & Personnel
    • Records Management
    • Ombudsman Services
    • Investigations Support
    • Financial Management
    • Pro Forma
    • Pre- and Post- Resolution Duties
    • Resolution Duties
    • Asset Servicing
    • Pre-Resolution
    • Resolution – Portfolio Analysis, Conversion Planning, Interim Servicing
    • Conversion to FDIC External Servicer
    • Conversion to FDIC National Processing System (NPS)
    • Operations Management (Post-Resolution)
    • Cash Management
    • Interim Servicing

The Results

  • Warbird has assisted the Client in closing of 37 institutions by quickly and efficiently either returning the deposits to the depositors or transitioning the failed bank to the acquiring institution within the weekend.
  • Warbird has also successfully assisted the Client in pursuit of recoveries from those who contributed to the bank’s failure.