Banking Management Economic Valuation 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, Mobile, AL. Consulting assignments covering a broad range of activities such as governmental regulatory oversight, interim management, workout and restructuring of troubled loans, business & asset valuation, intangible asset issues, bank income tax issues, merger & acquisition assistance, due diligence, business plans, management advice, writing & editing business books, feasibility & marketing studies & advice, training & educational activities, international engagements; and Expert Witness engagements covering all areas of banking, valuation, securities, economic damages, trusts and estates, real estate, international, management, finance, and business.

1985-1986, Executive Vice President, Manager of Lending & Board of Directors Member, Home Savings (now Citigroup), Houston, TX. Manager of all lending & mortgage banking. Number Two Executive. Heavily involved in investments & deposit activities. 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 $54 million Collateralized Mortgage Obligation loan securitization transaction through Salomon Bros.

1984-1985, Senior Vice President, Manager of Lending, First Federal Savings (now Guaranty Bank), San Antonio, TX. Manager of all lending & mortgage banking. Number Two Executive. Heavily involved in investments & deposit activities. Increased lending activities 40% in one year while reducing delinquencies, virtually without adding 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 $7 billion company. Chosen to open the company’s first commercial real estate lending field office. 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), 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 establishment of operating policies & procedures. Primary territory covered seven states, and operated nationwide & internationally.

1972-1973, Loan Officer & Manager of Lending Department, Gibraltar Savings (now Citigroup), Houston, TX At age 26, managed the day-to-day operations of Texas’ largest S&L (55th largest in the U.S.). Handled construction & subdivision development loans, joint ventures, and high-volume builder accounts. Completed & implemented several workflow efficiency improvement projects for various departments.

1968-1972, First National Bank of Mobile (now AmSouth), Mobile, AL. Mortgage and real estate specialist in 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, 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 Membership

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 Clent List

Available upon request

Books, Publications and Media

Available upon request

Patents