Fast Starter By Shelly Garcia
|
|
- Howard Harvey
- 8 years ago
- Views:
Transcription
1 San Fernando Valley Business Journal August 1, 2005 Fast Starter By Shelly Garcia When it opened in May, California United Bank held the distinction of being the largest publicly-held state-chartered bank ever to open in California. Thanks to a management team with decades of experience in the banking industry, much of it with other, local banking institutions, and a dwindling number of community banks to service local businesses in the San Fernando Valley, CUB, as it s known, raised more than $60 million from investors in its initial stock offering, nearly twice what officials had expected. (The bank launched with about $35 million, and the balance was returned to investors per industry regulations.) Despite the consolidation in the banking industry, and the relentless expansion of regional and national banks into the area, institutions like CUB have been highly successful. After five weeks of operation, the most recent period available, California United Bank had grown its assets to $51.2 million and deposits to $17.6 million. David I. Rainer, CUB s president and CEO may well have named his newest venture déjà vu. Rainer and several of the other executives and directors of the bank ran another Valley bank by the same name in the 1990s. That bank was acquired by Bank of Hawaii which changed the name to Century Pacific Bank and later sold it to US Bank. Rainer stayed on through the transition, eventually becoming state president for California for US Bank. He left there in But many of the executives of California United s predecessor, joined him in this current venture, including Stephen G. Carpenter, CUB s Chairman, CFO Robert J. Dennen and Anne A. Williams, the bank s chief credit officer. In many ways, Rainer, a lifelong Valley resident who graduated Taft High School, said things have not changed much since the first California United was in operation. The economy is strong and the local business community, which has long preferred to do its banking with neighborhood institutions, is underserved. Question: Why did you believe the timing was right to open a community commercial bank in the Valley?
2 Answer: I watched over the last 10 years the number of independent banks not only in the Valley, but up and down the state continue to shrink, and I came to the realization that one of the very best markets not only in Southern California, but maybe the whole country in terms of middle size businesses, was experiencing a shortage of independent banks. When we did this the last time, when we sold it in 1997, there were maybe 10 community commercial banks in the Valley. When we did our analysis we saw that the San Fernando Valley, which you could consider the fifth largest city in the U.S. was the most underserved in terms of the relationship between headquartered banks and small businesses. There were only two independent banks based in the San Fernando Valley. And many of those business owners want to have a relationship with the bank, and I think the smaller, independent banks provide the level of service to a small- and mid-sized businesses that some of the larger banks can t provide. Q: In most other industries, independents are having a very difficult time competing. Why do you think this sector is different? A: It s the relationship we re talking about. What we re really selling is a relationship between a bank, a banker and a business owner. I think that the smaller banks that know the marketplace and are dealing in the same geographic area can provide a more intimate relationship than an out-of-market bank, and I think business owners really want to have a banker that knows and understands their needs. Credit decisions are made locally, access to management, all those things are part of being a smaller independent bank and that is what many business owners want. Q: How important was it for the bank to raise as much money as CUB raised? A: It allows us to be more competitive on the lending side. Legal lending limits are determined by the amount of capital (the bank has) so the more capital, the bigger the loans you can make. In terms of attracting deposits it s helpful in that we have a lot more capital and that makes prospective customers more comfortable. In terms of future expansion certainly by having that much capital, it could allow us to accelerate any kind of growth strategy. Q: Had you known how much investor interest you had, would you have filed for a larger offering? A: I think there is an amount of capital where it becomes maybe too much in the sense that you can be forced to leverage that capital and do things a little more aggressively, so I think $35 million is the right amount. Sometimes growing too quickly might bring some risks as well so it has to be controlled growth. The more capital you raise it s going to take longer and longer to achieve the kind of return to the shareholders. It felt like the right amount where we could balance executing our game plan and leveraging the business within a time frame where we could provide a good return on capital.
3 Q: Why did you want to start a new bank? A: We sold the former California United Bank in 1997 to Bank of Hawaii. There had always been regret about having done that. We had a great bank and we sold the bank for a number of reasons we felt made a lot of sense at the time. We were acquiring banks, and we felt we would be able to continue that expansion with Bank of Hawaii having purchased us, and they had a plan to expand in the mainland. Their strategy changed soon after the sale, and California was not one of their priorities. If we had known that we would never have sold the bank. We went from two to 22 branches in five years. The stock had performed wonderfully and because the expectations were not realized after that sale it was a great disappointment. In the back of my mind we always said someday there may be a chance to do that again. About 18 months ago I called Steve (Stephen G.) Carpenter (now chairman of the board) and said I think it s time. The Valley and Northern Los Angeles is in great need of a local bank, and if we don t do it somebody else is going to figure this out. Q: How much of your own money have you invested? A: I put in $1,050,000. It definitely has an entrepreneurial element to the deal. It was very important for me to be one of the largest individual shareholders, so there s definitely an equity stake in this and additionally what makes this deal somewhat unique is that the top executive managers have also put significant personal money into the deal. That would include Bob Dennen and Anne Williams. There s a sense of ownership amongst the management team here that is very exciting and I think it was one of the reasons that the investor community looked upon this deal favorably. And we have all taken substantial pay cuts in terms of day-to-day compensation to make this work. So we really put it all on the line, and that just suggests how committed we are to make it successful. Q: The handful of community banks in the Valley have done so well, it kind of suggests to the casual observer that opening such a bank is a no-brainer. Is it environment or the management that is making these banks so successful? A: At the core of every good marketing plan you have to have a need. And I think that s evidenced based on the demographics, and that s going to drive good financial returns. If you expand it to all of California, the market share of independent banks is less in California than it is throughout the country as a whole. So I think independent banking up and down California is doing quite well because there is great demand for people wanting to do business with smaller banks, and that s going to drive results. We are in a good business cycle right now too. We all know things go up, things go down. Right now it s a very favorable business environment, and that should drive results.
4 Q: Is the strong environment the result of low interest rates, or are there other factors that are affecting the success? A: Interest rates have helped in terms of people being employed. I think we re in a vibrant market here. Certainly the real estate market has been strong and that s a big component of the economy, so I think the answer to the test will really be when we experience the other part of the cycle. It may not seem quite as easy as it is now to achieve the kinds of results. Credit quality for banks has been very good, and it s been a number of years since we ve had to deal with a tougher economy, so I think you have to look at it over the long run. Q: What are your goals for California United Bank? Would you like to see the bank acquired by a larger bank? A: Every decision we re making around here, whether it s the systems side or investing in people, we re making the decision around being around for the long term. The game plan here is to grow ourselves in terms of the markets we re serving so we would really want to replicate something similar to the old California United strategy: opening de novo offices in adjacent markets, look for areas heavily concentrated in small business and, further down the road, we would like to be in a position where we could make some acquisitions in other markets. The old bank did that. We d like to follow that model. Q: Is the bank specializing in a particular niche? A: We really have three core business lines: the commercial group which is really focused on middle-market businesses in all industries; the commercial real estate group, which is also targeting the middle market developers; and private banking, high net-worth individuals. We want to provide business owners of real estate and the commercial side with banking services. One of the things that will set us apart from many community banks is the fact that we ll have a commercial side many of the independent banks don t have. A lot are heavily dependent on real estate, and we intend to have a well-diversified portfolio of customers and I think that will bode well for us over the different economic cycles. Once again that s something we did before. It worked well for us. David I. Rainer President and CEO Date/Place of Birth: 3/15/57, Chicago Education: Bachelor s degree in business from Cal State Northridge; MBA in finance from USC.
5 Personal: Married, three sons. Career Turning-Point: Meeting Stephen Carpenter at Wells Fargo soon after he graduated USC. Most Admired Person: Stephen Carpenter. He s incredibly honest and full of integrity and taught me that the best way to operate in this business is to be honest and straightforward with people.
Entrepreneur s M&A Journal Episode 25
Entrepreneur s M&A Journal Episode 25 Intro: Welcome to Entrepreneur s M&A Journal, with lawyer and Harvard MBA Jim Cumbee, a weekly podcast dedicated to helping entrepreneurs make better decisions when
More informationROYAL BANK OF CANADA TO ACQUIRE CITY NATIONAL CORPORATION CONFERENCE CALL THURSDAY, JANUARY 22, 2015
ROYAL BANK OF CANADA TO ACQUIRE CITY NATIONAL CORPORATION CONFERENCE CALL THURSDAY, JANUARY 22, 2015 DISCLAIMER THE FOLLOWING SPEAKERS NOTES, IN ADDITION TO THE WEBCAST AND THE ACCOMPANYING PRESENTATION
More informationPlanning For The Harvest
CHAPTER OUTLINE Spotlight: Li l Guy Foods (Http://lilguyfoods.com) 1 The Importance of the Harvest Explain the importance of having a harvest, or exit, plan. Harvesting Also called exiting Used to get
More informationNumber One Agent in Properties Sold: Script #1
Expired Listings First Call to Expired Listings Seller Number One Agent in Properties Sold: Script #1 Brad McKissack, Denton, Texas Millionaire Real Estate Agent Tip! If you get an answering machine, instead
More informationHouston Real Estate Guide for Out of Town Investors. Table of Contents
Houston Real Estate Guide for Out of Town Investors Table of Contents Introduction Page 3 Chapter 1 Good Reasons for Investing Page 5 Chapter 2 The Benefits of Investing in Houston Page 8 Chapter 3 Succeeding
More informationFrom Where I Sit. The Stories of Three Harris Commercial Bankers
From Where I Sit The Stories of Three Harris Commercial Bankers NO ORDINARY BANK The story of any organization is best told through its people. That s particularly true at Harris. Our market leadership
More informationWHITE PAPER: Creative Management Buyout Strategies
WHITE PAPER: Creative Management Buyout Strategies Abstract: Private equity firms particularly those that focus on buying smaller companies (less than $100 million in value), will often structure the financing
More informationCommunity Investments Vol. 8, Issue 4 The Business of Small Business Lending
Community Investments Vol. 8, Issue 4 The Business of Small Business Lending Fall 1996 The following article is based on an interview with Terri Dial, Vice Chairman and head of the Business Banking Group
More informationThe Samuelson Company LLC 210 Interstate North Parkway, Suite 150 Atlanta, Georgia 30339
Larry R. Samuelson The Samuelson Company LLC 210 Interstate North Parkway, Suite 150 Atlanta, Georgia 30339 Profile LARRY R. SAMUELSON Executive Coach and Trusted Advisor Mid-Market Business and Leadership
More informationATEL Growth Capital Fund 8, LLC. Financing Tomorrow s Technologies... Today
ATEL Growth Capital Fund 8, LLC Financing Tomorrow s Technologies... Today RISK FACTORS Investors are encouraged to carefully read the Prospectus for ATEL Growth Capital Fund 8, LLC which has been provided
More informationFIRST HERITAGE FOOTNOTES A QUARTERLY NEWSLETTER FOR OUR PARTNERS
FIRST HERITAGE FOOTNOTES A QUARTERLY NEWSLETTER FOR OUR PARTNERS VOLUME 1, ISSUE 1 MARCH 22, 2013 LETTER FROM THE CHAIRMAN The mortgage industry experienced a record year in 2012, and on behalf of the
More informationCFO Role Widening, Businesses Need Help Filling It
CFO Role Widening, Businesses Need Help Filling It Search Firms Busy Looking for Harder-to-Find Candidates By JANE YU From ORANGE COUNTY BUSINESS JOURNAL Executive search firms in Orange County that specialize
More informationNovember 2014. Dear Fellow Members,
November 2014 Dear Fellow Members, Five years ago, executive leadership at Darden Restaurants, Inc. partnered with Multi Media Federal Credit Union to build and launch your credit union, which is dedicated
More informationCOMPENSATION REPORT FOR FINANCIAL PROFESSIONS WITH CANDIDATE RECRUITMENT INSIGHTS
2016 COMPENSATION REPORT FOR FINCIAL PROFESSIONS WITH CANDIDATE RECRUITMENT INSIGHTS TABLE OF CONTENTS 3 4 8 12 16 24 26 30 Letter from the CEO Using the Report High-Demand Professionals & Qualifications
More informationTHOMAS TITLE. There are only a handful of companies like us in the entire country. Frank Busch PRESIDENT AND CEO OF THOMAS TITLE.
THOMAS TITLE There are only a handful of companies like us in the entire country. Frank Busch PRESIDENT AND CEO OF THOMAS TITLE Copyright 2014 by MP Media, LLC commercial executive magazine /// 11 12 ///
More informationIdeas and Resources Entrepreneur Interview. James Quist. MedeFinance. James Quist - MedeFinance Javier Rojas - 2008 Kennet Partners - www.kennet.
James Quist MedeFinance Introducing MedeFinance MedeFinance enables healthcare organizations to achieve advanced clinical, operational and financial outcomes through on-demand, performance intelligence
More informationDedicated Sector Advocate This is something I really want to do
School Operations Reprinted with permission. 2008 The Baxandall Co., Inc. Published by Workforce Communications www.careereducationreview.net Dedicated Sector Advocate This is something I really want to
More informationConnect Digital Education And Work September, 2015
Connect Digital Education And Work September, 2015 Interview with Kay Krafft, CEO Bertelsmann Education Two years ago Kay Krafft would never have dreamed that he would one day find himself in a hospital
More informationE- Commerce Solutions for Southern California
An Advertising Supplement to the Orange County Business Journal September 29, 2014 KEYS TO ENTREPRENEURIAL SUCCESS ROUNDTABLE Stephen Freeman Partner K&L Gates Larry Gregson Audit Partner KSJG Caroline
More informationCAREER OPPORTUNITIES IN FINANCE Department of Finance, Real Estate, and Insurance
CAREER OPPORTUNITIES IN FINANCE Department of Finance, Real Estate, and Insurance PURPOSE OF THE ACADEMIC MAJORS The Bachelor of Science in Business Administration at CSUN offers options in Finance, Real
More informationCREATING AND SUSTAINING SMALL BUSINESS JOBS 2012 ECONOMIC DEVELOPMENT REPORT
CREATING AND SUSTAINING SMALL BUSINESS JOBS 2012 ECONOMIC DEVELOPMENT REPORT TO OUR PARTNERS 2012 was a year to work harder and smarter in delivering more flexible SBA 504 financing to the maximum number
More informationSOURCING FINANCIAL SOLUTIONS FOR CAPITAL INVESTMENTS
SOURCING FINANCIAL SOLUTIONS FOR CAPITAL INVESTMENTS OUR ADVICE AND EXPERTISE CAN YIELD EXCEPTIONAL RESULTS OVER TIME Sourcing financial solutions for the investment success of each and every one of our
More informationTRADITIONAL VALUES. INVESTMENT INSIGHT.
History Organized by the Partners of Alex. Brown & Sons. ABR was established in 1972 to originate real estate investments for the partners and clients of Alex. Brown & Sons (formerly the oldest investment
More informationATB Financial 2012 16 Business Plan. Brilliant and simple. Grounded and innovative Expert and caring. Uniquely Albertan
ATB Financial 2012 16 Business Plan Brilliant and simple Grounded and innovative Expert and caring Uniquely Albertan ATB 2.0 The Next Step Contents Message from the President & CEO 5 Guided by ATB 2.0
More informationUnderstanding a Firm s Different Financing Options. A Closer Look at Equity vs. Debt
Understanding a Firm s Different Financing Options A Closer Look at Equity vs. Debt Financing Options: A Closer Look at Equity vs. Debt Business owners who seek financing face a fundamental choice: should
More informationHow To Run An International Financial Company
FINANCING SOLUTIONS FOR THE NEXT CENTURY We re committed to you Since our founding in 1977, ATEL Capital Group committed itself to fulfilling the mission we set decades ago; care for our investors and
More informationAn interview with Nick Blazquez, President, Africa, Diageo
23 An interview with Nick Blazquez, President, Africa, Diageo Diageo, the international drinks company, first shipped Guinness to Sierra Leone in 1827. It built its first brewery outside the British Isles
More informationUnsecured Business Lines Of credit. Real Estate Investors, Business Owners, Start Up Business
Unsecured Business Lines Of credit Real Estate Investors, Business Owners, Start Up Business What is this program? This program is an alternative funding method with these great features No Collateral
More informationVENTURE CAPITAL FINANCING FINC-GB.40.3173.00
VENTURE CAPITAL FINANCING FINC-GB.40.3173.00 Professor Glenn A. Okun E-mail gokun@stern.nyu.edu Home page: www.stern.nyu.edu/~gokun COURSE DESCRIPTION When it comes to raising capital for early stage companies,
More informationDirections In Strategic Thinking For Community Banking
Directions In Strategic Thinking For Community Banking By: Thomas J. Parliment, Ph. D. I don t have time for this, I really don t. Or the patience, either. For the same reason I don t play golf. Touchy-feely
More informationRiverstone Business Consulting Services
Riverstone Business Consulting Services Television pundits and politicians say small business is the key to the global economy. They remind us that small businesses create most of most of the jobs and
More informationPASSING THE TORCH. How to plan for a successful succession
PASSING THE TORCH How to plan for a successful succession KEY TAKEAWAYS Having a succession plan in place is vital to the ongoing success and potentially to the near-term growth of your practice. You can
More informationThe Value of Traditional Banks in the Modern World
The Value of Traditional Banks in the Modern World 2013 TriState Capital. All Rights Reserved. There s no doubt that Family Offices and Financial Advisors reach out to conventional banks and consider them
More informationApril 2014. Investor Presentation
April 2014 Investor Presentation Confidentiality This presentation is made available to you by Noah Bank on a confidential basis. It may not be reproduced, in whole or in part, nor may any its contents
More informationProfessional Development Grant Results Report Bridge Credit Union
Professional Development Grant Results Report Bridge Credit Union Results/Outcomes 1. State the goals and objectives of the professional development experience (as stated in your grant proposal to OCUF)
More informationIN THIS REVIEW, WE HAVE ARRANGED OUR BUSINESSES AROUND OUR TWO DISTINCT CUSTOMER
Review of TD s businesses REVIEW OF TD S BUSINESSES PROFILES OF TD S BUSINESSES TODAY IN THIS REVIEW, WE HAVE ARRANGED OUR BUSINESSES AROUND OUR TWO DISTINCT CUSTOMER BASES RETAIL AND WHOLESALE TO SHOW
More informationThe BOSI Portfolio Company Program. Education Advisory Operating Partner
The BOSI Portfolio Company Program Education Advisory Operating Partner Page 2 of 8 Introduction Based on original research conducted by serial entrepreneur and world-renown author Joe Abraham, BOSI is
More informationThank you, Saurabh, for that very kind introduction. I m delighted to be back in
Remarks by John G. Walsh Chief of Staff and Public Affairs Office of the Comptroller of the Currency Before the National Community Investment Fund s Annual Development Banking Conference Chicago, Illinois
More informationMARKETPULSE. PRIVATE CAPITAL MARKETS PROJECT bschool.pepperdine.edu/privatecapital Q U A R T E R L Y S U R V E Y R E P O R T SECOND QUARTER 2014
INTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT MARKETPULSE Q U A R T E R L Y S U R V E Y R E P O R T SECOND QUARTER 2014 P E P P E R D I N E PRIVATE CAPITAL
More informationConference Call Transcript 2Q07 Results Brascan August 13 th, 2007
Operator: Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everybody to s 2Q07 results conference call. Today with us we have Mr. Marcos Levy, CEO,
More informationWhat is a day trade?
Greg Weitzman DISCLAIMERS THERE IS SUBSTANTIAL RISK INVOLVED IN TRADING AND IT IS NOT SUITABLE FOR ALL INVESTORS. A LOSS INCURRED IN CONNECTION WITH STOCK, FUTURES OR OPTIONS TRADING CAN BE SIGNIFICANT
More informationWELCOME!!! Bakersfield Investment Club
WELCOME!!! Bakersfield Investment Club Bakersfield Investment Club Retire Earlier & Better Than You Ever Expected Buy Houses & Notes on a Weekly Basis Earn Consistent Net Returns of 21%+ Double Your Money
More informationSTUDENTS IN CLASS OWN 150 SHARES OF STOCK
ACTIVITY 3.1 1 2 3 4 5 6 7 8 9 10 CERTIFICATE OF OWNERSHIP STUDENTS IN TEACHER S NAME: CLASS OWN 150 SHARES OF STOCK IN 15 15 15 15 15 15 15 15 15 15 Shares Shares Shares Shares Shares Shares Shares Shares
More informationRE: Core Commercial Bank (In Organization) Newport Beach, Orange County, CaliforrJa. Application for Federal Deposit Insurance ORDER
FEDERAL DEPOSIT INSURANCE CORPORATION RE: Core Commercial Bank (In Organization) Newport Beach, Orange County, CaliforrJa Application for Federal Deposit Insurance ORDER The undersigned, acting on behalf
More informationPerl Mortgage - The Next Big Thing
Leadership begins with PERL Find how your voice and our platform can take your business to the next level. A leader is one who knows the way, goes the way and shows the way. - John Maxwell Leadership begins
More informationNew Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed
New Developments in Overseas Insurance Business ~ Agreement to Acquire 100% Ownership of a Listed U.S. Life Insurance Group, StanCorp Financial Group, Inc. ~ July 24, 2015 Meiji Yasuda Life Insurance Company
More information2015 Real Estate Industry Update A landscape for change: Transforming for the future
2015 Real Estate Industry Update A landscape for change: Transforming for the future December 16, 2015 Welcome Welcome to Deloitte s 2015 real estate industry update The real estate industry has been on
More informationSo, now I would like to pass the floor to Mr. Carlos Medeiros. Mr. Carlos, you have the floor.
Operator: Good Morning. Welcome to conference call on the results of the 1Q07. Today we have here with us Mr. Carlos Medeiros, CEO, and Mr. Leandro Bousquet, CFO and IR Officer. We inform you that the
More informationFilename: P4P 016 Todd: Kim: Todd: Kim:
Filename: P4P 016 Todd: [0:00:18] Hey everybody, welcome to another edition of The Prosperity Podcast, this is No BS Money Guy Todd Strobel. Once again, we have my cohost, bestselling financial author
More informationEIS Mini-Project: P2P Lending
Lending Club Lending Club is a US-based peer-to-peer lending company, which was founded in 2006 in San Francisco, California. Lending Club uses an online marketplace to connect borrowers and investors
More informationLicensed by the California Department of Corporations as an Investment Advisor
Licensed by the California Department of Corporations as an Investment Advisor The Impact of the Alternative Minimum Tax (AMT) on Leverage Benefits My associate Matthias Schoener has pointed out to me
More informationRoundtable. Private equity firms seek companies that will grow through bolt-on acquisitions. Sponsored by
Private equity firms seek companies that will grow through bolt-on acquisitions Sponsored by o explore how private equity firms identify, choose and nurture portfolio companies that can grow through bolt-on
More informationDILUTED EPS $0.67, UP 26% FROM $0.53
FOR IMMEDIATE RELEASE CITIGROUP THIRD QUARTER CORE INCOME RISES 27% TO $3.1 BILLION First Nine Months Core Income up 32% to a Record $9.7 Billion Revenues up 15% to $16.8 Billion from $14.6 Billion DILUTED
More information!!!Edge!Analytics!!!!!Selling!to!VCs!
EdgeAnalytics SellingtoVCs LouShipley In the fall of 2005, Larry Sharp has several decisions to make. After three months of intensive fund raising for his company Edge Analytics, Larry finally had a term
More informationThe Investor Hub PRESS KIT 2016
The Investor Hub PRESS KIT 2016 CONTENTS Cover Letter Biographies Fact Sheet Spotlight Connect with Us Pg 1 Pg 2 Pg 5 Pg 7 Pg 11 2016 Dear Respected Journalist: It is a pleasure to introduce you to The
More informationSmall-Business Financing: Why are companies choosing to factor and how does it work?
Small-Business Financing: Why are companies choosing to factor and how does it work? Small-Business Financing: Why are companies choosing to factor and how does it work? Your company just received a big
More information165(d) Resolution Plan for Cathay Financial Holdings. Public Section
165(d) Resolution Plan for Cathay Financial Holdings Public Section December 31, 2014 Table of Contents (a) Introduction... 2 (b) Name of Material Entity and Description of Core Business Lines... 2 (c)
More informationA Real Estate Investment Company. Real Estate Agent Partnership Guide ARCANE PROPERTIES 716 800 1414 BOB@ARCANEPROPERTIES.NET 1
A Real Estate Investment Company Real Estate Agent Partnership Guide ARCANE PROPERTIES 716 800 1414 BOB@ARCANEPROPERTIES.NET 1 Who Are We? Arcane Properties is a full service real estate solutions firm
More informationSuccess Story Residential Construction Loan
Success Story Residential Construction Loan We all know how challenging it can be to find bank financing these days. Lenders are carefully monitored by state and federal regulators who pay close attention
More informationPublic Disclosure. Community Reinvestment Act Performance Evaluation
Comptroller of the Currency Administrator of National Banks SMALL BANK Public Disclosure January 4, 1999 Community Reinvestment Act Performance Evaluation FIRST INTERSTATE BANK OF ALASKA, N.A. Charter
More informationEntrepreneurs Assess Their M&A Options
2015 SURVEY RESULTS Entrepreneurs Assess Their M&A Options Research among business leaders reveals excitement about future transactions and positive outlook for near-term M&A. INTRODUCTION Creating value
More informationAscendiant Capital Group LLC Ascendiant Securities LLC; Member FINRA & SIPC
about Ascendiant Capital Group LLC Ascendiant Securities LLC; Member FINRA & SIPC Investment capital and strategic guidance for publicly traded, emerging growth companies about Established in 2001, Ascendiant
More information> > A global banking presence, dedicated to providing truly personal service to clients big and small
Metropolitan National Bank is a chartered national bank and a member of the FDIC. We are an equal opportunity lender and have developed prudent lending standards that can be applied in an innovative and
More informationSO, YOU WANT TO SELL YOUR LEASING BUSINESS. By Bruce Kropschot
SO, YOU WANT TO SELL YOUR LEASING BUSINESS By Bruce Kropschot There comes a time in the life of most entrepreneurial business owners when he or she starts to think seriously about an exit strategy. The
More informationTIGroup Shareholder Update: Fiscal 2008 Major Goals Met or Exceeded. Revenue Run Rate Reaches $40M. Positive 2009 Outlook
News Release: FOR IMMEDIATE RELEASE TIGroup Shareholder Update: Fiscal 2008 Major Goals Met or Exceeded. Revenue Run Rate Reaches $40M. Positive 2009 Outlook BEVERLY HILLS, Calif. January 13, 2009 -- Tri-Isthmus
More informationBausch + Lomb CEO Brent Saunders talks about the c...: Bausch + Lomb CEO Brent Saunders talks about the company today and going forward.
Bausch + Lomb CEO Brent Saunders discusses company's future growth Firm keeps focus on growth, not sale, Saunders says Jan 30, 2013 Democrat & Chronicle Bausch + Lomb CEO Brent Saunders talks about the
More informationWeaving the Pieces Together
Weaving the Pieces Together By Annette Unten Life is a woven tapestry. All the people and the events that enter my life become a part of the threads in my tapestry. Bright colors are woven with pastels.
More informationEVC INTERVIEWS OF LOCAL BUSINESS LEADERS. Russ Levanway Chief Executive Officer TekTegrity www.tektegrity.com
EVC INTERVIEWS OF LOCAL BUSINESS LEADERS Russ Levanway Chief Executive Officer TekTegrity www.tektegrity.com This interview series focuses on business leaders who are directly impacting our local economy.
More informationINTERMEDIATE SMALL BANK
O INTERMEDIATE SMALL BANK Comptroller of the Currency Administrator of National Banks Washington, DC 20219 PUBLIC DISCLOSURE April 23, 2008 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Bay Cities
More informationTrends in Executive Compensation and Loan Officer Incentive Arrangements
Trends in Executive Compensation and Loan Officer Incentive Arrangements OBA HR Committee February 12, 2014 What We ll Be Covering Today Executive Compensation Trends Before, During, and After the Crisis
More informationMaking companies more valuable
Making companies more valuable What drives you? We are passionate about delivering results. We select people with intelligence, integrity, passion and the ambition to make a difference. We develop and
More informationJay B. Abrams, ASA, CPA, MBA Valuation & Litigation Economist CURRICULUM VITAE. Books Authored. Newsletter Author/Columnist.
In Business Since 1994 LOS ANGELES - NEW YORK Jay B. Abrams, ASA, CPA, MBA Valuation & Litigation Economist CURRICULUM VITAE Business Valuations Calculation of Economic Damages Expert Witness Merger &
More informationThe Field Study Handbook: A Common Sense Approach for Discovering User Needs
I n c r e m e n t a l S i t e R e p o r t XYZ Brokerage Field Study Incremental Report Mary C., Customer Los Angeles Began investing one and a half years ago, but grew up in an environment where stocks
More informationBuilding Learning Bridges
Building Learning Bridges Asbury University Seeking a date to the prom is completely different than finding someone to marry. In the same way, said Asbury University Registrar Bill Hall, choosing a vendor
More informationTestimony of. Kenneth D. Lewis. Chairman and Chief Executive Officer. Bank of America. Before the. Committee on Financial Services
Testimony of Kenneth D. Lewis Chairman and Chief Executive Officer Bank of America Before the Committee on Financial Services U.S. House of Representatives Washington, DC February 11, 2009 Chairman Frank,
More informationESOP ACQUIRERS: COMPETITIVE ADVANTAGES AND CHALLENGES
ESOP ACQUIRERS: COMPETITIVE ADVANTAGES AND CHALLENGES THE ESOP ASSOCIATION ANNUAL MIDWEST CONFERENCE SEPTEMBER 10, 2015 Wil Becker Managing Director Clyde Rhodes CEO Jude Anne Carluccio Partner INTRODUCTION
More informationOriginal Statement of Purpose. chief goal in my life which I m ready to be fully committed to. After researching the program
Original Statement of Purpose Pursuing a Master s degree at the Bren School for Environmental Science and Management is a chief goal in my life which I m ready to be fully committed to. After researching
More informationGuild Mortgage Depth and Breadth of Skills, Experience Define the Management Team
FOR IMMEDIATE RELEASE October 17, 2012 Guild Mortgage Depth and Breadth of Skills, Experience Define the Management Team Leadership Team Backgrounder Guild Mortgage s leadership team sets the tone for
More informationProject Financing for Small Volume Home Builders
Project Financing for Small Volume Home Builders Thursday, January 22 10:00-11:00 AM Location: South 221 Moderator: Tom Farrell, Director Landmark Capital Advisors Panelists: Bruce Beck, Senior Vice President
More informationFinancial Freedom Senior Funding Corporation Jim Mahoney Chairman and CEO
Financial Freedom Senior Funding Corporation Jim Mahoney Chairman and CEO Federal Reserve Board Public Hearing Non-Traditional and Reverse Mortgages June 16, 2006 About Financial Freedom Enhance the lives
More informationLeasing, banking, factoring: Spotlight on mid-sized companies
Leasing, banking, factoring: Spotlight on mid-sized companies Wolfgang Grenke Founder and Chairman of the Board of Directors of GRENKELEASING AG Founder and Chairman When I founded GRENKE as a sole proprietorship
More informationIt s Time to Write Your Business Plan By Jim Mulligan
It s Time to Write Your Business Plan By Jim Mulligan If you re looking to start a business, the thought of developing a business plan might seem daunting. Some even question the value of spending time
More informationHelping Clients Find Value in Opportunity. Adding Value to Relationships THE WELLS FARGO CENTURY ADVANTAGE. Wells Fargo Century
Helping Clients Find Value in Opportunity Adding Value to Relationships THE WELLS FARGO CENTURY ADVANTAGE Wells Fargo Century Factoring Letters of Credit Working Capital Financing Trade Finance Accounts
More informationExcellence in Accounting, Tax, and Consulting Services. Los Angeles California www.accellencellp.com. ACCellence, LLP
ACCellence LLP Excellence in Accounting, Tax, and Consulting Services Los Angeles California www.accellencellp.com ACCellence, LLP ACCellence, LLP is founded in 2005 based on the belief that a local public
More informationThis is a record of tremendous achievement for which every one of you should be very proud. You all deserve a healthy round of applause.
Remarks by Tonight, I want to talk about my objectives for the State s housing finance agencies, and then talk about how important it is for government to work with nonprofits like NHS since only by doing
More informationAny earnings portrayed in any Talk Fusion marketing materials are not necessarily representative of the income, if any, that a Talk Fusion Associate
1 WELCOME At Talk Fusion, we understand that our Independent Associates are the most important element of our business when you succeed, we succeed. So we ve designed an incredibly rewarding and straightforward
More informationThe SAVR Checklist for Analyzing Financials (Banks)
The SAVR Checklist for Analyzing Financials (Banks) LET S REMOVE THE BLACK BOX POPE@BRARIFUNDS.COM It s a black box. Too much risk. I don t understand banks. These are the common statements one hears with
More informationStudy on Financing Growth Capital for SMEs
Study on Financing Growth Capital for SMEs Remarks by Marion G. Wrobel Vice-President, Policy and Operations Canadian Bankers Association for The Standing Senate Committee on Banking Trade and Commerce
More informationKey Steps Before Talking to Venture Capitalists
Key Steps Before Talking to Venture Capitalists Some entrepreneurs may not be familiar with raising institutional capital to grow their businesses. Expansion plans beyond common organic growth are typically
More informationSELF STORAGE MARKET OVERVIEW Fourth Quarter 2011
SELF STORAGE MARKET OVERVIEW Analysis of the Industry s Public Companies SELF STORAGE GROUP Marc A. Boorstein mboorstein@mjpartners.com Jeffrey L. Jacobson jjacobson@mjpartners.com Dennis Nyren dnyren@mjpartners.com
More informationFinding sources of capital. Secured and unsecured borrowing Selling equity Government programs Frequently overlooked sources
Finding sources of capital BusineSS Coach series Secured and unsecured borrowing Selling equity Government programs Frequently overlooked sources Business Coach series The fundamentals of finance The situation
More informationindex business gen y atms social checking seminars marketing twitter
A California bank s $50 million Small Business Lending Program has a Go Local marketing theme that s also promoted with officer calls S get them. ummit State Bank ($460 million, Santa Rosa, California)
More informationSTATEMENT. Linda Cheatham. Senior Vice President. Berkshire Mortgage Finance. FHA Multifamily Loan Limit Adjustment Act of 2003.
STATEMENT of Linda Cheatham Senior Vice President Berkshire Mortgage Finance On FHA Multifamily Loan Limit Adjustment Act of 2003 Before the Subcommittee on Housing and Community Opportunity Committee
More informationTHE STATE OF WASHINGTON TO: DEPARTMENT OF FINANCIAL INSTITUTIONS SECURITIES DIVISION ) ) ) ) ) ) ) ) ) ) )
1 IN THE MATTER OF DETERMINING Whether there has been a violation of the Franchise Investment Protection Act of Washington by: Silvino Patulot III; Petelo David Tuiasosopo; Insource Jobs, Inc.; Strategic
More informationand The recent acquisition by Henry Schein, Inc. Agreement reflects unique supply chain needs of non-acute vs. acute-care providers Cover Story
and Agreement reflects unique supply chain needs of non-acute vs. acute-care providers The recent acquisition by Henry Schein, Inc. of Cardinal Health s physician office business demonstrates that the
More informationBuilders Bank. at-a-glance. Welcome to Builders Bank. Noteworthy Financings. Business Focus
Noteworthy Financings Condominium Construction $9,400,000 - Studio Villas, Studio City, CA for a new 31-unit condominium project in the highly desirable Studio City, less than 1/2 mile from the Ventura
More informationCommunity Developments
Comptroller of the Currency Administrator of National Banks Community Developments W i n t e r 2 0 0 3 Community Affairs OnLine News Articles Business Assistance Partnerships Help Minority Entrepreneurs
More informationS CORPORATION ESOPS CREATE INVESTMENT, ACQUISITION, AND EXIT STRATEGY OPPORTUNITIES
ESOP Financial Advisory 3 S CORPORATION ESOPS CREATE INVESTMENT, ACQUISITION, AND EXIT STRATEGY OPPORTUNITIES FOR PRIVATE EQUITY GROUPS William W. Merten, Esq. M&A advisers are becoming increasingly familiar
More informationGuide to Public and Private Funding
Guide to Public and Private Funding Introduction to public and private funding Key Public Funding Opportunities Key Private Funding Opportunities Which funding opportunity is right for my business? Do
More informationINTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT MARKETPULSE
INTERNATIONAL BUSINESS BROKERS ASSOCIATION M&A SOURCE PEPPERDINE PRIVATE CAPITAL MARKETS PROJECT MARKETPULSE QUARTERLY SURVEY REPORT FIRST QUARTER 2014 P E P P E R D I N E PRIVATE CAPITAL MARKETS PROJECT
More information