Banking & Lending Expert Witness

Education

THE PENNSYLVANIA STATE UNIVERSITY UNIVERSITY PARK, PENNSYLVANIA

• Received Ph.D. degree in Business Administration. Specialized in banking and corporate finance. Supporting fields were economics, accounting and statistics. Dissertation entitled: “Leases and the Prediction of Corporate Bankruptcy.”
• Received M.B.A. Concentration in Finance.

GANNON UNIVERSITY ERIE, PENNSYLVANIA

• Received B.S. in Business Administration. President of the Student Investment Trust. Awarded the Wall Street Journal Award at graduation.

Work Experience

PRIVATE COMPANY ST. LOUIS, MISSOURI

• Founded this financial and economic consulting firm. Major services include economic impact studies, and litigation support in commercial lending, bank management, valuation of closely-held corporations, mergers and acquisitions, estimating economic damages, loss of business income, investments, and portfolio analysis.

UNIVERSITY OF MISSOURI ST. LOUIS, MISSOURI

• Currently Professor Emeritus of Finance. Appointed Department Chair for Finance, Insurance, Real Estate and Business Law for 16 years. Supervised 25 faculty on a day-to-day basis. In addition to conducting research, taught courses in Corporate Finance, Security Analysis, Commercial Bank Management, and Real Estate. Administrative duties included hiring and promotion of faculty, scheduling classes, determining policies, and other tasks.
• Associate Professor of Finance. Acting Department Chair.
• Assistant Professor of Finance. Faculty advisor to a student team which placed 2nd among universities in the Olson Research Institute’s National Bank Asset/Liability Competition.

THE PENNSYLVANIA STATE UNIVERSITY UNIVERSITY PARK, PENNSYLVANIA

• Employed as a graduate teaching and research assistant. Taught undergraduate courses in Commercial Bank Management and Personal Finance.

FRANKENMUTH BANK & TRUST FRANKENMUTH, MICHIGAN

• Employed as a wealth manager and Assistant Trust Officer. Responsibilities included the administration of personal trusts, estates, and corporate retirement plans.

MEADEN & MOORE, CPA’S CLEVELAND, OHIO

• Employed as a Staff Accountant in the tax and audit departments of a local certified public accounting firm. Assignments involved the preparation of various corporate, fiduciary, individual tax returns, tax planning, and auditing.

Professional Memberships

• American Finance Association
• American Economic Association
• Financial Management Association
  European Financial Management Association

Professional Service

• For more than 15 years, have been an active member of the arbitration panels that hear security disputes between customers and broker dealers. The panels are run by the Financial Industry Regulatory Authority (FINRA), formerly the New York Stock Exchange and the National Association of Security Dealers.
• Appointed to the Editorial Board of the international journal Investment Management & Financial Innovations for 2004-2019.
• Served as a paper reviewer for the following journals: Journal of Banking and Finance
  Review of Economics and Statistics Financial Practice and Education Financial Review

Publications
Available on Full CV

Honors and Awards

• Awarded an Institute Fellowship from the Institute of Financial Education, U.S. Savings League, Chicago, to meet with S&L executives in Honolulu, Hawaii.
• Received a Summer Research Grant from the University of Missouri. Received a Weldon Spring Research Grant from the University of Missouri.
  Awarded a grant from the Prochnow Educational Foundation in Madison, Wisconsin to study problem loans in banking.
• Awarded a grant under the Missouri Research Assistance Act.
• Received research contracts for $28,000 with L. Douglas Smith from Citicorp to forecast losses on a $2 billion loan portfolio.
• Listed in Who’s Who in the Midwest, 22nd Edition.
• Awarded a Summer Research Grant from the School of Business, University of Missouri – St. Louis.
• Visiting Fellow at the School of Banking & Finance, University of New South Wales, Kensington, Australia.
• Listed in Who’s Who in Finance and Industry, 27th Edition.
• Received research contracts for $175,000 from Wells Fargo Bank in California with L. Douglas Smith to forecast loan losses on their billion dollar mortgage and home equity line of credit portfolios.
• Awarded the “Best Application Paper” at the Decision Sciences Institute’s international meeting in Honolulu, Hawaii. Award was only one of three out of 1,265 research papers submitted.
• Co-principal investigator for a $85,000 research contract with Georgetown University and the Community Financial Services Association of America to study the Payday Loan Industry.
• Participated in the first UM Leadership Development Program for administrators at the Lake of the Ozarks.
• Member of the Board of Directors of the Association of Student Managed Investment Programs, Deland, Florida. Association members include the more than 100 universities which have student investment funds.
• Awarded the 2003 Chancellor’s Outstanding Teaching Award at UMSL. This is a highly selective award given to just one faculty member per year drawn from all disciplines on the entire campus.
• UMSL Nominee for the UM President’s Award for Outstanding Teaching. Each of the 4 campuses nominate one faculty member for this system wide award.
• Co-principal investigator of the UMSL, Georgetown University, Fair Isaac Corporate research team awarded $25,000 from the Federal Trade Commission to conduct a pilot study on the accuracy of credit bureau files. The project was lead by Douglas Smith.
• Visiting scholar to the Chinese Academy of Social Sciences, China’s top research institution in the areas of business, economics and social sciences, Beijing.
• Co-principal investigator of the UMSL, Georgetown University, Fair Isaac Corporate research team awarded $170,000 from the Federal Trade Commission to conduct a second pilot study on the accuracy of credit bureau files. The project was lead by Douglas Smith. This led to a $1 million contract from the FTC for a national study.
• Awarded the “Best Paper Award” by the journal of Contemporary Economic Issues and Western Economics Association International.
• Visiting scholar to the College of Business at Nanjing University, Nanjing, China. Awarded a grant by the Missouri Research Board for a study on Payday Loans.
  Awarded a 1 year research leave by the University of Missouri – St. Louis College of Business to study the real estate market and international banking in China, Japan, South Korea, Taiwan, Thailand, Hong Kong, and Singapore.

Consulting Services

Conducted management training programs for personnel from more than 300 financial institutions in Missouri, Illinois and Wisconsin including:

• Federal Reserve Bank of St. Louis
• Centerre Bank Anheuser Busch Credit Union
• Bank One
• First National Bank of Belleville
• Boatmen’s Bank Provided consulting or other services to the following organizations:
• Mercy Health Systems
• Citicorp
• Southwestern Bell
• Wells Fargo Bank
• Express Scripts
• JPMorgan Chase
• MOHELA
• Stifel Nicolaus

Expert Witness Testimony

Served as an expert witness on various financial cases for attorneys from Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, New York, North Carolina, South Carolina, Pennsylvania, Texas, Virginia, West Virginia, Wisconsin and the U.S. Department of Justice (Washington D.C.).