Course: GGU FI 382 Bank and Thrift Management Section: SF1

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1 Course: GGU FI 382 Bank and Thrift Management Section: SF1 Day/Time: Monday, 6:50 PM to 9:30 PM Start/End: September 8, 2008 to December 15, 2008 Instructor: William C. Sarsfield Office Hours: By appointment, Post Office Box San Carlos, CA Telephone/Fax: {650} Goal: Introduction to the operation and measurements of performance of financial holding companies, bank holding companies both domestic and international, insurance firms, and investment firms including VC. The financial holding company, the entity managing and controlling banking commercial banking, international banking and finance, investment banking, venture capital, M&A activities, hedge funds, mortgage funds, to list only a few of the activities, has often been ignored by the academic community. That is no longer the case for these are the organizations in the epicenter of the worldwide financial crisis currently taking place. Financial holdings companies should not and can not be ignored. Without an understanding of activities, problems and opportunities in the financial service holding company, careers particularly in finance likely may be impeded. The goal is to offer a real world class, meeting real world bankers, and hopefully as a goal learning something about financial institutions that may be of value to students, including information on career opportunities. Textbook: Managing Financial Institutions, Fifth Edition, 2005, Gardner, Mills, Cooperman South-Western (Thomson) ISBN: (Extensive) Supplemental Reading: 1 10K s, Annual Reports, Proxies; 2 Material on ROE, ROA, Equity Requirements and Management, 3 Performance Measurement; and 4 Trade journals including The Economist and regulatory materials. Course Requirements: First, attend class. If you need to miss a class, let me know in advance. Second, read the text and also the material provided and/or sent by . Third, participate in class.

2 Page 2 FI 382, Golden Gate University Fall 2008 Grading / Testing: Attendance, participation, special assignments 30 % Bank Analysis, Article(s) Review Presentation 30 % Term Project 40 % Class Schedule: Class 1 (September 8, 2008): Course Introduction, Changing Times for Financial Institutions Chapter One, Gardner, Mills, Cooperman, Managing Financial Institutions (Text) Reading/Study Assignment: Class #2 Gardner, Mills, Chapters 1, 2, 3 including Appendix 3A Class 2 (September 15, 2008): Financial Institution Accounting, Risk Management, TRICK, Bank Regulation, Dialectic, Domestic, and International Reading/Study Assignment: Class #3 Bank Regulatory Internet Sites: FFIEC, UBPR, OCC, FED, and FDIC web sites Class 3 (September 22, 2008): Review Regulatory Information, Legislation, Regulatory Agencies / FED Reading Assignment: Class #4 Text Chapters 4, 5, 6 & 7 Class 4 (September 29, 2008 and Class 5 (October 6, 2008): Risk and Profits, UBPR, offbalance sheet activities and capital management, capital measurement, Basel II, alternative banking entities, impact of technology. Reading Assignment: Class #6 Annual Report (10K) reviews, Text Chapters 8, 9, 10, 11, Appendix 11A and 12 Class 6 (October 13, 2008): Discussion Annual Reports; Interest rates, foreign exchange, including theory, measurement including use of duration, futures, and hedging - (Review only, students are assumed to have some background in these activities.) Reading Assignment: Class #7, #8, #9 - Text Chapters 13, 14 and 15 Class 7 (October 20, 2008): Asset management lending principles and practices will be covered including new lending quasi equity, high risk (payday, sub-prime), credit card, securitization. Review current problem and impact of sub-prime real estate loans / securitization. Class 8 (October 27, 2008): Liquidity Management, Management of Investment Portfolio / Securities. Liquidity needs and impact on asset makeup, investment portfolio management and deposits as a source of funds will be covered.

3 Page 3 FI 382, Golden Gate University Fall 2008 Class 9 (November 3, 2008): Deposit and liability management including GAP measurement and management Reading Assignment: Class #10 Text Chapter 16 Class 10 (November 10, 2008): Management and performance analysis, non-depository institutions insurance Reading Assignment: Class #11 Text Chapter 17 and 18 Class 11 (November 17, 2008): Review management investment banks, securities firms, venture capital, hedge funds, and mutual fund and pension fund management Reading Assignment: Class #12 Text Chapter 19, Economist Survey Class 12 (November 24, 2008): Concluding Lecture Future Financial Institution Management including Basil Impact, Capital Crisis, and International Class 13 (December 1, 2008), 14 (December 8, 2008), and 15 (December 15, 2008): There will be fifteen formal class meetings, three of which will be used for project presentations, visiting and meeting with senior management of a SF based bank, and tests. Term project presentation and outside guest speakers / lectures will take place at various times during the trimester, thereby necessitating adjusting the lecture schedule. There will be twelve formal lectures and the equivalent of two classes utilized in presentations and meeting with senior bank officers. Depending on the number of students and outside speakers, the schedule may be adjusted. One lecture period is held in reserve. Academic Integrity: Please be aware of GGU Policy on Academic Integrity. Make sure to cite sources for all your presentations. Instructor Info / Bio: WILLIAM C. SARSFIELD Post Office Box 1443 Express: San Carlos, CA Lamshin Lane Tel (650) San Carlos, CA Fax: (650) William_Sarsfield@Hotmail.com BANKING AND FINANCIAL CONSULTING, LITIGATION ANALYSIS AND CONSULTING, ADJUNCT ASSOCIATE PROFESSOR, SCHOOL OF BUSINESS, GOLDEN GATE UNIVERSITY, SAN FRANCISCO

4 EMPLOYMENT / BANKING AND FINANCIAL CONSULTING Financial Consultant San Francisco, California 1980 to Present Chairman Sequoia Bancorp/Sequoia National Bank San Francisco, California, 1984 to 1992 President/CEO Commercial Bank of San Francisco and Chairman San Francisco, California, 1973 to 1980 Vice President Security Pacific National Bank San Francisco Main Office San Francisco, California, 1968 to 1973 National Bank Examiner Office of the Comptroller of the Currency San Francisco, California, 1963 to 1968 Branch Manager First National Bank of Anchorage Anchorage, Alaska, 1961 to 1963 Assistant Examiner Office of the Comptroller of the Currency San Francisco, California, 1959 to 1961 Bank Clerk / Teller Bank of California, NA 1958 San Francisco, California and to First National Bank of Oregon 1959 Portland, Oregon Commissioned Officer United States Army Fort Sam Houston, Texas, 1957 to 1958 LITIGATION ANALYSIS AND CONSULTING Consultant/ San Francisco, California, 1982 to Present Analyst Analysis and consulting - banking, lending, financial services, and insurance litigation, including preparation and analysis of damage models. Offered expert testimony in state and federal actions in California, Oregon, Washington, Colorado, Idaho, Arizona, New Mexico, Maine, New Hampshire, Texas, Alabama, Florida, Hawaii, Missouri, Kansas, Michigan, Massachusetts, Hawaii, Maryland, and District of Columbia

5 ACADEMIC EXPERIENCE Adjunct Associate Golden Gate University Professor School of Business San Francisco, 1984 to Present Instructor Credit Suisse IFSP Foothill College Los Altos Hills, 1999 to 2002 ADDITIONAL EXPERIENCE Director, Sequoia Bancorp/Sequoia National Bank 1984 to 2000 San Francisco Director, Energeo, Inc., San Francisco 1993 to 1996 Director, Thomas Research Corporation, Hayward 1988 to 1990 Director, Commercial Bank of San Francisco, San Francisco 1973 to 1985 Director, Greater Bay Area Local Development Corp., 1979 to 1982 San Francisco Investment Adviser, Amistead Venture Capital, New York 1980 to 1981