Friday, August 29, 2008

More FDIC Activity To Prepare For Coming Bank Failures

The Federal Deposit Insurance Corp. is preparing to sign a five-year lease to add five floors of space at its Dallas regional office, people at the FDIC report.

The FDC will add 125,000 square feet to the 185,000 square feet it rented last year.

Dallas is the headquarters of the agency's Division of Resolution and Receivership, the unit that handles failed banks.

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