While many banks are looking to the FDIC to help them snap up troubled institutions on the...

|By:, SA News Editor

While many banks are looking to the FDIC to help them snap up troubled institutions on the cheap, investor Gerald Ford, among others, doesn't want to wait on the paperwork of loan guarantees. “We’re trying to do this one sooner rather than later,” he says of his $500M investment in California's Pacific Capital (PCBC -26%).