The Federal Insurance Deposit Corp. could not come to agreement with four potential suitors for Silverton Bridge Bank N.A., and now it is liquidating the $4.1 billion-asset banker’s bank located in Atlanta, Ga. Carlyle Group, Lightyear Capital, Harvest Partners, and Colony Capital had submitted a co-equal bid together in mid-May, but no deal could be reached before the Office of the Comptroller of the Currency shuttered Silverton. Neither the companies nor the FDIC would comment on the bid.

FDIC spokesman David Barr notes that the FDIC “has been running the institution as a bridge bank” since it failed on May 1, and will soon conduct an “orderly wind-down” and sale of the bank’s “component parts.” At the time of its closing, Silverton held $3.3 billion in deposits, and cost the FDIC $1.3 billion from the Deposit Insurance Fund. “Our original estimate was based on not finding a buyer,” explains Barr, who adds the FDIC could “smoothly transition correspondent banking services to other providers” by July 29.

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