First Citizens Bancshares (FCNCA)

[fredscott36]

...there's an 18-month IRS statutory limit on the pooling conversion - - in order to protect the NOL transfer - - the 18 months begin at the claims deadline date................we did try to establish a 2nd claims deadline date but there are other constraints with this MONSTER............IRS, SEC, BK, OCC, FDIC.........FDIC.........FDIC.......FDIC........

...the longer this TRANSACTION drags out............the more CREATIVE the entire arrangement becomes..............

...could be 610 cool after all.........or L650 Fly.........might even invite the VENABLE LLP team to 'the party'........

...are we still doing opinion disclaimers, jeff............??????........if so, then let larry take this one.....................