The FDIC published a proposed new Statement of Policy on the Acquisition of Failed Insured Depository Institutions on July 9, 2009 (the “Proposed Policy Statement”), that would have imposed significant restrictions on the ability of private investors, including private equity funds, to invest in failed banks in the FDIC receivership process. After receiving and reviewing public comments pointing out the negative impact the Proposed Policy Statement would have on the ability to raise capital to invest in failed banks, on August 26, 2009, the FDIC Board adopted a final Statement of Policy (the “Policy Statement”) that lessens the negative impact of the new restrictions but does not eliminate them completely.