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Multibank Structured Transaction 2010-1 CRE EXECUTION - FDIC - fdic

Multibank Structured Transaction 2010-1 CRE EXECUTION - FDIC - fdic-2025

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The document is a Limited Liability Company Interest Sale and Assignment Agreement dated July 2, 2010, involving ColFin Axle Funding, LLC, the Federal Deposit Insurance Corporation (FDIC) as receiver for various failed financial institutions, and 2010-1 CRE Venture, LLC. It outlines the sale of a 40% LLC interest from the FDIC to ColFin Axle Funding for $218,203,500, including provisions for funding a Working Capital Reserve and establishing an LLC Operating Agreement. The agreement details the responsibilities of each party and includes legal stipulations regarding jurisdiction and dispute resolution.

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Is $500,000 in a joint account FDIC insured?

You and your spouse each can open individual accounts at a single bank, resulting in each of you having up to $250,000 FDIC-insured.

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