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FDIC opens second failed bank office

The Federal Deposit Insurance Corp. says that it plans to open a second national satellite office to help it with the work of resolving failed banks and thrifts.

The federal agency responsible for insuring bank and thrift deposits says the new office will be in Jacksonville, Fla., and will oversee the management of receiverships and asset liquidations for failed banks on the East Coast.

The space it is leasing will have enough room to handle up to 500 nonpermanent workers and contractors.

In November, the agency opened its first temporary, national satellite office in Irvine, Calif., in a 200,000-square-foot space.

The agency says it expects to begin moving into the Jacksonville office in mid-September.

As of last week, the FDIC has been involved in 33 bank and thrift closings this year, compared to 25 in 2008.

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