Since 1994, the owners of Dyck-O’Neal, Inc. and its affiliate have been a partner with the FDIC in the collection of judgments, deficiencies and chargeoffs of commercial loans that were held by failed banks in the United States. Since 2004, the FDIC, as the receiver for failed banks in the United States has contributed thousands of accounts totaling millions of dollars, and then benefitted from our professional and successful liquidation strategies. The individual accounts range from a few thousand to tens of millions of dollars in size.
We partner with financial institutions to liquidate charged-off assets from their own portfolios, and from accounts acquired from failed banks. In this manner, we help to strengthen their balance sheets and increase their capacities to lend.
