Our receivership services help preserve asset value and ensure interim asset performance through proactive management and stabilization techniques.

Many banking institutions have incurred severe losses in recent years and now face difficult capital requirements. As a result, 140 banks closed in 2009 at a cost of $28 billion, the most annual closings since 1992 at the height of the savings-and-loan crisis. This compares with 25 closures in 2008 and three in 2007.

Through a strategic relationship we entered into with RSM McGladrey, the Corvus Group team has been engaged by the FDIC as one of only eight firms nationwide to support all bank closings. We have fielded teams of up to 100 professionals on very short notice to support virtually all facets of a bank closing, including:

• Asset Management
• Pro-Forma Preparation
• Settlements
• Personnel/Administration
• Branch management
• Investigations
• Facilities
• Closing and Asset Resolution Assistance
• Due Diligence
• Interim Servicing
• Investigative Services
• Loan Sale Disposition Services