New York, NY, October 27, 2009 --(PR.com
)-- Early Bird Registration for Private Equity Leaders Forum 2009, "Buying a Failed Bank: Opportunities and Pitfalls" (http://www.PrivateEquityLeadersForum.com), December 10th, New York City, is expiring Thursday, November 12th. Private Equity Leaders Forum 2009 will examine the dynamic opportunities and potential pitfalls for private equity firms exploring buying a failed bank under FDIC's new regulations.
Banks have been failing at alarming pace with already more failures this year than all of 2008; many small banks are being bought up by private equity groups. However, it's not just small banks: BankUnited Financial Corp., the largest banking institution with a Florida headquarters, was acquired by WL Ross & Co., Carlyle Investment Management LLC, Blackstone Capital Partners and Centerbridge Capital Partners LP. Former North Fork Bancorp Chief Executive Officer John Kanas was also an investor and will become BankUnited’s new CEO. The WL Ross/Kanas group beat out a competing offer. It seems the floodgates have opened with the loosening of regulation on private equity firms buying stakes in banks and the "piles" of uninvested capital.
Sponsors are invited to contact GoldenNetworking.com by sending an email to email@example.com to receive Private Equity Leaders Forum 2009's Sponsorship Package. This forum is produced by GoldenNetworking.com, the premier networking community for businessmen, entrepreneurs, professionals and diplomats, founded by Columbia Business School MBA and former McKinsey consultant Edgar Perez.