Banking Clients
Retained by the Board of Directors as chief financial/operations officer to turnaround a problem commercial bank and mortgage company subsidiary (originating and selling over one billion dollars of single family loans per year), resolve regulatory orders and ready the bank to be sold. Within seven months, we returned the bank to profitability, resolved issues in the regulatory orders, negotiated the purchase and sale agreement and sold the bank.
Assisted $2 billion public commercial bank with three acquisitions totaling over one billion dollars including the negotiation of agreements, valuation of assets and liabilities, business combination accounting and integration of the operations.
Assisting investors with due diligence on the acquisitions of commercial banks (with total assets ranging from $300 million to $3.5 billion).
Engaged by commercial banks to assist its executive management team with compliance and responses to a regulatory order, including ALLL methodology and analysis, strategic plan and capital plan.
Assisting numerous banks in refining their allowance for loan and lease loss (ALLL) methodology, including developing support for classified loan loss factors and qualitative loss factors, migration analysis and trend reports, ALLL stress testing and ALLL memorandums. Provide validation of ALLL process and methodology.
Developing strategic plans, operating budgets, liquidity and capital plans, including interest rate risk reviews, liquidity reviews and preparation of contingent liquidity plans.
Publicly Traded Banking, Mortgage and Real Estate Clients
Assisting companies with IPO readiness, initial capital raise efforts, registration statements and private placement memorandums.
Assisting a public company, emerging from Chapter 11 bankruptcy, with operational issues; review and documentation of multi-million dollar business transactions; research and documentation of significant accounting issues; reconstruction of GAAP financial statements; and preparation of multi-year SEC filings including Form 10-K’s, 10-Q’s and 8-K’s.
Coordinating and preparing SEC filings including Form 10-Qs and 10-Ks, registration statements and private placement memorandums.
Retained by one of Southern California's largest real estate brokers (over $5 billion in transactions) to set-up mortgage banking operations or identify a joint venture opportunity with a national mortgage company including performing due diligence on potential joint venture partners.
Technical Accounting and Compliance
Provide technical accounting outsourcing solution including research of critical accounting policies and procedures. Preparation of White papers documenting significant transactions and application of technical accounting standards.
Assisting companies with accounting for the acquisition of credit impaired loans under ASC 310-30. Provide technical accounting support and loan/pool level accretion models for yields and impairment analysis.
Implementation, development and documentation of policies and procedures related to COSO 2013 compliance. Assisting companies with the enhancement and implementation of financial and accounting processes and controls.