Banking Management Private Trust Expert Witness
Expert Witness No.74
Education
1968, University of Alabama, Bachelor of Arts Degree
1968, University of Alabama, post-graduate work in finance, economics, valuation, real estate, accounting, and law.
1973, University of Houston, post-graduate work in finance, economics, valuation, real estate, accounting, and law.
1995, Spring Hill College, masters degree-level liberal arts and ethics coursework
1983, Southern Methodist University, commercial real estate finance and securities
April 2005, Harvard Business School, Harvard University, Boston, MA. Certificate in Business Valuation. Completed Harvard Business School's intensive on-campus Executive Education course covering the examination of the intricacies of state-of-the-art business valuation techniques including advanced discounted cash flow methods and multiples; selection of the most appropriate valuation tool for a given situation; and properly applying the various techniques to the valuation of businesses, assets, and investments.
Secondary
Graduated 1963, University Military School, Mobile, AL. 12-year prep day school.
Other Professional Education
American Bankers Association - American Institute of Banking: financial statement analysis, accounting, corporate finance, bank investments, principles of bank operations, bank management, trusts.
National Institute of Real Estate Boards, real estate investment & finance.
International Council of Shopping Centers, shopping center finance & valuation.
National Hospital Ass'n., 1-week workshop, healthcare entity finance & valuation.
Mortgage Bankers Association, two workshops: multi-family and SFR lending.
Federal Home Loan Bank of Dallas, training workshops on financial institution management, lending, investments, operations, et. al.
Texas Savings & Loan Department, training workshops on financial institution management, lending, investments, operations, et. al.
Federal Home Loan Mortgage Corp., real estate financing workshop.
First National Bank of Mobile, AL (now AmSouth Bancorporation), financial statement analysis, business finance, bank investments, credit card operations, deposit operations, bank management, trusts.
Gibraltar Savings Association (now Citigroup), commercial real estate finance, valuation, joint-ventures.
Citicorp, business, corporate and real estate finance, valuation, deposit products, investments.
Southwest Bancshares (Later Bank One, now JP Morgan Chase) business finance and real estate investments.
Commercial Credit Corp. (now Citigroup), one-week Corporate Marketing Conference covering in-depth training in all financial products, plus 28 CDC Learning Center courses in business and economic subjects.
Frost Bank, advanced credit analysis and business finance.
Awards
Gold Merit Key Award for Outstanding Service to the University
Outstanding Army ROTC Platoon Leader Award
Numerous publications activities, apartment manager
Outstanding Student in English
Military awards
School publications
Experience
1986-Present, Banking, Management & Economic Consultant, Woodstock, GA
Consulting engagements covering a broad range of activities such as governmental financial institution regulatory oversight, interim management, workout and restructuring of troubled loans and foreclosed properties (residential and over 100 commercial properties), business & asset valuation, intangible asset valuation and issues, bank income tax issues, core deposit appraisals, merger & acquisition assistance, due diligence, business plans, management advice, policy and procedure manual matters, international engagements for clients in 25 countries involving work in 56 countries, writing & editing business books, feasibility studies, marketing studies, research, commercial real estate studies & advice, training & educational activities.
Expert Witness engagements nationwide for 32 of the country's top 250 law firms and hundreds of others representing plaintiffs and defendants nationwide and covering all areas of banking, mortgage banking, business valuation, intellectual property valuation, securities, investments, economics, economic damages, trusts & estates, real estate, credit cards, FACTA cases, check and credit card fraud, identity theft, funds transfers, international matters, leasing, bankruptcy preference, management, credit, finance, and general business. Over 390 cases and 98 testimonies.
1985 - 1986: Executive Vice President, Manager of Lending & Mortgage Banking, Board of Directors Member, Home Savings (now Citigroup), Houston, TX. Number Two Executive. Heavily involved in investments, deposit activities, and credit cards. Officer of several subsidiary companies. Member of Loan Committee, Executive Committee, Audit Committee, et al. Restructured the management responsibilities of several departments, increasing production, efficiency, and staff utilization. Completed a $107 million (2008 USD) Collateralized Mortgage Obligation loan securitization transaction through Salomon Bros. Improved profits and reduced delinquencies.
1984 - 1985: Senior Vice President, Manager of Lending & Mortgage Banking, First Federal Savings (now Guaranty Bank), San Antonio, TX. Number Two Executive. Heavily involved in investments, deposit activities, and credit cards. Increased lending activities 40% in one year while reducing delinquencies and without adding to headcount.
1983 - 1984: Southwest Regional Manager, Ford Motor Credit Corp., Houston, TX. Manager of commercial real estate finance, and some financing with dealers.
1977 - 1983: Regional Manager, Commercial Credit Company (now Citigroup), Houston, TX. Manager of commercial and residential real estate financing for the southwest, and formally trained & involved in all financial products offered by the $15 billion (2008 USD) company. Chosen to open the company's first commercial real estate lending field office. Top business producer every year. Received the company's largest bonus ever awarded - twice.
1974 - 1977: Manager of Commercial Real Estate Lending and Mortgage Banking, Southwest Bancshares (later Bank One, now JP Morgan Chase Bank), Houston, TX. Also involved in the origination and administration of construction loans, deposit & investment activities for lending clients including wealthy foreign nationals, corporate & personal lending, and credit card operations. Created and managed a commercial mortgage banking entity for a multi-bank holding company.
1973 - 1974: Assistant Regional Manager & Assistant Treasurer, Citicorp Real Estate, Houston, TX. Mortgage banking and construction lending for Citibank, N.A. (NY), and deposit & investment activities for wealthy foreign clients. Helped establish a new office in Houston, including staffing and the formulation of operating policies & procedures. Primary territory covered seven states, and operated nationwide & internationally.
1972 - 1973: Loan Officer & Manager of Lending Department, Gibraltar Savings (now Bank of America), Houston, TX. At age 26, managed the day-to-day lending operations of Texas’ largest S&L (55th largest in the U.S.). Handled construction & subdivision development loans, joint-ventures, commercial property lending, REO management, and high-volume builder accounts. Completed & implemented several bonus-winning workflow efficiency improvement projects for various departments.1968 - 1972: First National Bank of Mobile (later AmSouth, now Regions Financial), Mobile, AL. Mortgage and real estate specialist in the Wealth Management area of the Trust Department. Trained and worked in all areas of the bank including checking & savings, credit, corporate lending, personal lending, operations, check processing, audit, international, investments, trusts & estates, corporate pension plan management, portfolio management, stock transfer, corporate bond trustee, bank security, credit card ops, ACH, and funds transfers.
Professional Background Summary
Expert 74 has 20+ years experience in management at banks, savings & loans, credit companies, mortgage banking companies, and a governmental financial institution regulatory agency. Positions held include Board of Directors member, Executive Vice President, Senior Vice President, Manager of Lending, Manager of Mortgage Banking, Regulatory Supervisory Agent tantamount to CEO). Committee memberships included Loan Committee, Executive Committee, Audit Committee, and Pension Plan Trustee. Served as a corporate officer of various financial institution subsidiaries.
Management responsibilities included as many as 300 people in 22 locations nationwide in ten states and $1 billion in gross assets. Directly responsible for originating over 36,000 loans of all types totaling over $5 billion, reviewing over 25,000 real estate appraisals, and reviewing well over 100,000 financial statements and credit reports
Past Professional Memberships
American Bankers Association
American Institute of Banking, Chapter Officer and Bank Consul
U.S. League of Savings Institutions
Institute of Financial Education, Instructor
Mortgage Bankers Association
Texas Mortgage Bankers Association
American Council of State Savings Supervisors
American Bankruptcy Institute - Committees: Public Companies, Real Estate, International, U.C.C., Commercial Fraud Taskforce, and Healthcare.
Board of Realtors
National Association of Homebuilders
International Council of Shopping Centers
Houston (TX) Chamber of Commerce, Economic Development Committee, 9 years
Other Professional Activities
Consultant on various economic, valuation, real estate, marketing, and banking matters for clients in 44 states, one U.S. Territory, and 18 foreign countries.
Expert Witness, for plaintiff and defense, listed in the Association of Trial Lawyers of America's and the Defense Research Institute's databases of recommended consultants, plus state and local databases in at least 18 states and cities.
Approved Registered U.S. Government Contractor.
Phillips College, former Adjunct Professor of Business.
Institute of Financial Education approved Instructor for the educational arm of the U.S. League of Savings Institutions.
Gulf Coast School of Real Estate, Instructor and Course Writer.
Prentice Hall Publishing, Simon & Schuster, Paramount Communications, technical editor and consultant on banking and real estate subjects.
Holiday Inn and Rodeway Inns, Lender Advisory Panels.
Novick's Money Market Seminars, panelist.
National Directory of Corporate Distress Specialists, approved mgt. consultant.
Licensed Sports Agent, approved by the NCAA, Major League Baseball Players Association, and the AL Athlete Agents Regulatory Commission.
American Arbitration Association, approved Professional Commercial Arbitrator.
State of Texas Real Estate Commission, approved instructor and course author.
Texas Real Estate Broker's License held for over ten years.
Civic Activities
Katy School District (Houston suburb), Trustee, publicly elective position.
1966-1968, U.S. Army Reserve, Officer Training, Ft. Bragg, NC; Honorable Discharge
Nottingham Country Civic Club, officer, 1,500 family neighborhood association.
Sunday School teacher, usher, host
Representative Client List
Available upon request
Books, Publications and New Media
Available upon request
Patent
Available upon request
Reference Books
Available upon request
Summer 2009 Newsletter
Managing and Marketing Foreclosed Real Estate Properties
Credit Card Expiration Dates and FACTA
The Facts on the FACTA Clarification Act
A Primer on the Valuation of Intellectual Property, Intellectual Capital and Itanagible Assests
Return to Summer 2009 Newsletter
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