[JacobDotVI]

Not an FDIC auction, but if you’re interested in what this sort of bidding looks like the book Barbarians at the Gate details the LBO auction of RJR Nabisco. That auction was a lot of bankers squired away in conference rooms on separate floors of an office building while the auctioneers walked bids between the various groups.

[formercoder]

Sadly it doesn’t work this way anymore. You just send a heavily lawyered pdf bid letter by email.