First reported 10/21/2009 1:33 p.m.

The Wall Street Journal reported last Wednesday morning that the Federal Deposit Insurance Corp. is gathering and reviewing bids for FBOP Corp., the Oak Park-based bank holding company that is the parent of nine banks in four states, including Park National Bank in Oak Park.

According to the Wall Street Journal report, Tuesday, Oct. 20, was the FDIC deadline for bids to be submitted to the FDIC for either the bank holding company or for its parts. In addition to Park National Bank in Oak Park, FBOP Corp. has banks in California, Texas and Arizona.

Federal regulators are gathering bids in case they decide that FBOP’s financial problems, which began a year ago when the government seized Fannie Mae and Freddie Mac, are insurmountable.

A seriously interested potential buyer, according to the Wall Street Journal, is U.S. Bancorp, the Minneapolis-based parent of U.S. Bank. The Wall Street Journal reported that U.S. Bancorp. had been doing due diligence in studying FBOP, but that it was not clear whether U.S. Bancorp had made an offer.

Calls and e-mails to FBOP were not returned.

-Staff reports

Join the discussion on social media!