JACKSONVILLE, FL -- The Federal Deposit Insurance Corporation is setting up temporary operations on the First Coast and plans to hire 500 people.

The FDIC expects to have a satellite office located in the Baymeadows area open by early this fall.

"It's a wonderful win for our community," said Jerry Mallot with the Jacksonville Chamber of Commerce.

"Great paying jobs, absolutely, way above our normal pay scale in our community."

The jobs are advertised as paying more than $60,000, with some jobs topping $100,000 a year.

The FDIC is handling the application process on line.

Debbie Antal said she made application last week, hoping her eight years in banking qualifies her for a job with the FDIC.

"I've been unemployed now for just about two weeks, but it feels like two years," said Antal.

The FDIC says it needs people with skills in law, accounting, marketing, finance and bank operations.

The local office will manage receiverships and assets of troubled banks located on the East Coast.