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Private Equity Leaders Forum 2009's Website to Continuously Update Number of Failed Banks Closed by the FDIC


Three banks failed Friday night, bringing the 2009 national tally to 123, and providing smart investors opportunities and challenges to be discussed at GoldenNetworking.com's Private Equity Leaders Forum 2009.

New York, NY, November 16, 2009 --(PR.com)-- FDIC regulators closed Friday night two banks in Florida and one in California, bringing the 2009 national tally to 123. Website of Private Equity Leaders Forum 2009, "Buying a Failed Bank: Opportunities and Pitfalls" (http://www.PrivateEquityLeadersForum.com), December 10th, New York City, will continuously update this tally, in order to promote awareness among investors of the opportunities and challenges of buying a failed bank.

CNN reported that the bank failure count for 2009 is still far from 1989's record high of 534 bank closures which took place during the savings and loan crisis, when the insurance fund also carried a negative balance; the tally is nearly five times the number that failed in 2008 and the highest tally since 1992 when 181 banks failed. Private Equity Leaders Forum 2009, "Buying a Failed Bank: Opportunities and Pitfalls" will be the forum where private equity executives will be able to ask their most pressing questions on potentially buying a financial institution to our experienced and distinguished lineup of speakers and panelists.

Sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.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, to experience what’s hot, new and next. GoldenNetworking.com has been frequently featured in the press, including a recent article in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html).

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