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.
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:
Conversion to FDIC National Processing System (NPS)
Operations Management (Post-Resolution)
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.