FDIC Nationwide Auction Services Contractor

Amid the Great Recession, more than 465 banks failed, creating an unprecedented need for secure, compliant, and efficient asset liquidation. Worley Auctioneers was selected to help the FDIC manage this massive undertaking—deploying teams nationwide to protect value and deliver results.

When the 2008 financial crisis triggered the largest wave of bank failures in modern U.S. history, the Federal Deposit Insurance Corporation (FDIC) selected Worley Auctioneers to manage nationwide asset disposition for failed financial institutions.

Since that time, Worley has been awarded more than $45 million in federal contracts and remains under active contract with the FDIC today as a exclusive auctioneer for Furniture, Fixtures & Equipment (FF&E).

A Proven Federal Partner

During the Great Recession:

465 banks failed nationwide
Assets were dispersed across 30 states and Puerto Rico
Thousands of leased Class A commercial facilities required coordinated turnover
Strict federal compliance, security, and reporting standards governed every project

Worley deployed rapid-response teams coast-to-coast—often on short notice—conducting inventories, managing secure asset removal, and executing strategic auctions under intense logistical and regulatory pressure.

Our federally cleared experts and in-house compliance team ensured audit-ready reporting, budget discipline, and seamless communication with FDIC Receivership officials at every phase.

Continued Execution Beyond the Crisis

Worley’s FDIC partnership is not historical—it is ongoing.

Recent federally managed asset sales include:

Corporate jet – First Republic Bank (2023)
Fine wine collection – Silicon Valley Bank (2023)
Commercial semi-truck – December 2025

These specialized, high-value dispositions reflect Worley’s continued ability to manage complex federal asset sales across diverse categories—including aviation, specialty collections, vehicles, and institutional FF&E.

The Result

Hundreds of federal auctions executed
Thousands of secure inventories completed
Coast-to-coast mobilization capability
Under-budget performance
Long-term federal contract retention

Worley Auctioneers delivers disciplined, compliant, large-scale asset disposition—trusted by the FDIC during crisis conditions and relied upon to this day.