Organized and established a highly profitable de novo commercial bank and holding company and led the bank to growth in excess of as many as 5 offices, $170,000,000 in assets, $150,000,000 in deposits, and $135,000,000 in loans. Bank reached profitability within 13 months, more than 15 months ahead of schedule.
§ Led senior management business-level discussion and decisions involving business vision and strategy, enterprise-level decisions, standardization of best practices, and project governance oversight.§ Managed administrative, legal, and financial functions for both the bank and the bank holding company, shareholders, and partners.§ Conducted regular risk assessments and quality assurance reviews to evaluate compliance with requirements and to identify potential gaps in policies, procedures and business processes. § Developed strategies to improve non-performing loans, reduced delinquencies, maximized recoveries and minimized losses. Identified potential problem credits and provided guidance to staff in restructuring the credit and/or minimizing losses.ACHIEVEMENTS: § Substantially reduced overhead and operating costs through staff reduction and the closing of an underperforming office. Additional overhead was reduced as much as .75% of the banks total assets while continuing to maintain the customer base.§ Improved product partnered relationships. Launched two new products and established two new technology driven channels that generated $14,000,000 in low cost funding and increased non-interest income by over $100,000.§ Launched the popular Star Checking account which increased customer account retention from an industry average of 2.7 years to 9 years.§ Developed a 32 month Solution Culture Plan and hired an independent facilitator for implementation. This program resulted in improved employee engagement, established a solid team culture, and resulted in increased employee and customer retention.§ Chaired the Merger/Acquisition, Nominations, and Education committees. In addition, served on the Executive, Corporate Governance, Asset/Liability (ALCO), Audit, Director's Loan, and the Officer's Loan committees.