A method of dealing with failing banks preferred by the Federal Deposit Insurance Corporation (FDIC). All liabilities are assumed by a healthy bank. In a clean-bank transaction, it does not take over the loan assets. In a whole-bank transaction, it does.

Related information about purchase and assumption (P&A):

1. Purchase And Assumption (P&A) Definition | Investopedia
   Purchase and assumption (P&A) is the most common of three basic resolution methods used by the Federal Deposit Insurance Corporation (FDIC) to deal with ...
    
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   methods: purchase and assumption (P&A) transactions, deposit payoffs, and open bank assistance. (OBA) transactions. Of the three, purchase and assumption ...
    
3. Deposit Insurance and Bank Failures
   In a purchase and assumption (P&A), the FDIC arranges for another bank to purchase the failed bank and to assume it liabilities. Banks interested submit bids in ...
    
4. What is purchase and assumption (P&A)? definition and meaning
   Definition of purchase and assumption (P&A): A method of dealing with failing banks preferred by the Federal Deposit Insurance Corporation (FDIC).
    
5. Purchase And Assumption - P&A: Definition from Answers.com
   Purchase and Assumption Method used by the Federal Deposit Insurance Corporation in closing a failed bank and transferring ownership and control to a ...
    
6. Simple Tools to Assist in the Resolution of Troubled Banks
   Purchase and Assumption (P&A): This is a resolution tool that allows for the transfer of a troubled bank's operations to another, healthy bank. The process ...
    
7. Failure Acquisitions - Office of the Comptroller of the Currency
   Instructions for Purchase and Assumption (P&A). The following documents typically must be provided to the OCC for its review prior to approval of a failed bank ...
    
8. Accounting and Tax Considerations of Acquiring a - Grant Thornton ...
   purchase and assumption (P&A) arrangement, in which the acquirer purchases a “whole bank” with an LSA. This article provides an overview of the accounting ...