OKLAHOMA CITY--()--First Financial Network, Inc., the nation’s leading loan sale advisor, announced today that it will sell $70 million in loan participations. The 37 loans are being marketed on behalf of the Federal Deposit Insurance Corporation (FDIC) and include loan participations from the FDIC receiverships of seven failed banks.
“These loans represent an excellent acquisition opportunity for banking institutions. Our comprehensive loan sale advisory services achieve outstanding results and we are confident that this offering will attract significant interest from the secondary market.”
First Financial Network will market and manage all facets of the sale to bid on November 2, 2010. The performing and non-performing loan participations will be sold on an individual loan basis and are available to FDIC-insured institutions only. The loans are secured primarily by business assets and commercial real estate. Due diligence materials will be made available beginning October 4, 2010 to qualified bidders on First Financial Network’s Loan Trading Platform at www.firstfinancialnet.com.
Jamie Hook, EVP of First Financial Network, said, “These loans represent an excellent acquisition opportunity for banking institutions. Our comprehensive loan sale advisory services achieve outstanding results and we are confident that this offering will attract significant interest from the secondary market.”
First Financial Network will initiate a highly targeted marketing campaign aimed at obtaining maximum value on the portfolio. The company will utilize its online Loan Trading Platform to provide financial institutions with immediate access to due diligence information and the opportunity to place bids. For additional details regarding the offering, please call 405.748.4100 or visit www.firstfinancialnet.com.
About First Financial Network:
Since its founding in 1989, FFN has defined the loan sale industry, selling billions of dollars in loans and other assets in 28 countries. The nation’s leading provider of loan sale advisory services, FFN currently serves more top 25 banking institutions than any other firm in the nation. In addition, the company serves as loan sale advisor for agencies of the Federal government, major foreign banks and other lenders. The company’s online Loan Trading Platform and Metrics, an integrated transaction management system, are used in conjunction with exceptional marketing techniques to achieve optimal value in today’s secondary market. For further information, call 405.748.4100 or visit www.firstfinancialnet.com.

