Executive Officer / Chief Credit Officer
Challenge:Bank holding company with 9 locations, all in Northwest Arkansas, was looking to expand and diversify its market.Recruited by the Bank Board to develop a new bank location in a new state.
Strategic Business Planning: Expanded Bank market by opening a new regional location in St. George, UT., to service a five state region. Directed all aspects of physical site acquisition, space planning, construction coordinating, staff recruitment, training, technology infrastructure and connectivity.
Start Up Operations Development: Market President / Executive Officer / Chief Credit Officer of new bank location established in St. George (Washington Co) Utah. Responsible for new staff development, credit administration, strategic direction, setting and managing policy and procedures for the safe and sound credit operations, daily operations, loan structure and approving extensions of credit, coaching, mentoring and development of lending staff, loan processing, monitoring collateral, pricing, risk analysis, and financial performance of (LPO/DPO) de novo bank.Ensured compliance with applicable Bank regulations through periodic training of staff and compliance reviews.
Business Development: Successfully designed and implemented customer acquisition and cultivation programs that generated multimillion dollar growth and significant profit. Assets exceeded $225 Million in first year of operation; $600 Million after second year. Created a significant impact in to the Southwest Utah builder / developer finance environment. Return on Assets (ROA) of 2.25.
Credit Risk Management:Successfully managedLoan portfolio to consist of less than half of one percent past due and minimal special mention and / or negative loan classification.