Brave New World — Community Banks & Credit Unions Enter Syndication Market

Regular ABF Journal contributor Jeffrey Wurst was puzzled by a recent news announcement that smaller institutions such as community banks and credit unions have shown up as participants in large transactions facilitated by web-based portals. In this article, Wurst tries to imagine what would happen if such a deal defaulted or worse yet, with a complete breakdown of the facility, how all the participants would deal with each other.

May 2003