Workshop on Community Bank Investments & Asset Liability Management



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Darnell Canada Darling Consulting Group Darnell has been working at Darling Consulting Group since 1996. As a Managing Director, Darnell has experience working directly with community banks and credit unions, providing guidance and advice on strategies to strengthen overall performance through proactively managing balance sheet risks and prudently making use of capital markets instruments. Additionally, Darnell offers counsel to financial institutions that seek independent third-party advice on enhancing the overall effectiveness of their ALM function. He is a writer on various topics related to asset liability management and is a contributor to several professional publications. He is a speaker and active educator, who has enjoyed participating in a wide range of educational programs for the banking industry, including the ABA s Stonier School of Banking and the Graduate School of Banking at Louisiana State University. Prior to joining DCG, Darnell was a field office examiner with the Federal Deposit Insurance Corporation (FDIC) in the department of Safety and Soundness. He has received a B.S. in finance from Bentley College and a M.S. in finance from Boston College. Dan Dujmic BMO Capital Markets Dan Dujmic is a Director of Fixed Income MBS Trading at BMO Capital Markets. In this role, his responsibilities include Mortgage Securities Trading; specific product lines include Agency Collateralized Mortgage Obligations (CMO s), Agency Pass-Through Securities and Non Agency Mortgage Securities. He currently is a Director of Mortgage Securities Trading Dan has experience trading a wide variety of taxable and tax Exempt fixed income products such as: Corporate Bonds, Taxable Municipals, Bank Qualified Tax Exempt Municipals, GSE Agency Debt (FNMA, FHLMC, FFCB, and FHLB), and Agency and Non Agency Mortgage Securities. He works closely with financial institutions developing strategies for the investment portfolios related to mortgage securities. Dan began his career with M&I Bank in 1987 as a Junior Trader for the company. From 1990 to 1992, he served as Investment Officer, from 1992 to 1995 he served Assistant Vice President, 1995 to 2010 as Vice President. In 2010 he was promoted to Senior Vice President. Dan has traded most taxable and tax exempt products throughout his career.

Dan earned a bachelor s degree in Finance from the University of Wisconsin-Madison and a master s degree in Business Administration from Marquette University in Milwaukee, Wisconsin. Dan has received his designation as a Chartered Financial Analyst (CFA), Certified Financial Planner(CFP ), Financial Risk Manager (FRM) and Chartered Market Technician (CMT). He is a member of the Chartered Financial Analyst Institute of America, Global Association of Risk Professionals, Market Technicians Association and Certified Financial Planning Standards Board. Jeff Gerrish Gerrish McCreary Smith Mr. Gerrish is Chairman of the Board of Gerrish McCreary Smith Consultants, LLC and Gerrish McCreary Smith, PC, Attorneys. The two firms have assisted over 1,500 community banks in all 50 states across the nation. Mr. Gerrish's consulting and legal practice places special emphasis on strategic planning for boards of directors and officers, community bank mergers and acquisitions, bank holding company formation and use, acquisition and ownership planning for boards of directors, regulatory matters, including problem banks, memoranda of understanding, cease and desist and consent orders, and compliance issues, defending directors in failed bank situations, capital raising and securities law concerns, ESOPs and other matters of importance to community banks. He formerly served as Regional Counsel for the Memphis Regional Office of the FDIC with responsibility for all legal matters, including all enforcement actions. Before coming to Memphis, Mr. Gerrish was with the FDIC Liquidation Division in Washington, D.C. where he had nationwide responsibility for litigation against directors of failed banks. He has been directly involved in fair lending, equal credit and fair housing matters, in raising capital for problem financial institutions and in numerous bank merger transactions. Mr. Gerrish is an accomplished author, lecturer and participates in various banking-related seminars. He is a member of the Board of Regents of the Paul W. Barret, Jr. School of Banking. He is a Phi Beta Kappa graduate of the University of Maryland and received his law degree from George Washington University's National Law Center. He is a member of the Maryland, Tennessee and American Bar Associations, was selected as one of The Best Lawyers in America 2005 through 2012 and as the Banking Lawyer of the Year, Best Lawyers Memphis, 2009.

Frank Hughes FDIC Frank has been with the FDIC for 20 years and is on his second stint with the Agency. Currently, he serves as a Senior Examination Specialist in the FDIC s Kansas City Regional Office. Prior to that, Frank was a Supervisory Examiner in the Kansas City Field Office where he served as a supervisor for one of the largest field offices in the region. Before that, he was the Kansas City Region s Senior Capital Markets and Securities Specialist when he returned to the FDIC in 2008. Frank left the FDIC in 2002 to work at a community bank in the Kansas City area as the bank s Chief Executive Officer and President. Between his time as a bank executive and returning to the FDIC, he was a Senior Examiner for the Federal Housing Finance Agency and served as the Examiner-in-Charge for the Federal Home Loan Bank of Topeka for two years. Frank began his career with the FDIC in 1989 in the Baton Rouge, Louisiana Field Office after graduating from Arizona State University with a BS in Finance. In 1998, he obtained his Chartered Financial Analyst (CFA) designation and is a 2001 graduate of the Graduate School of Banking at Colorado. Frank is an instructor for the FDIC s Asset/Liability Management School and has also instructed at the Federal Reserve s Asset/Liability Model Lab School in Chicago. In addition, Frank has spoken at numerous banker outreach sessions and assisted with the completion of the FDIC s Director s and technical assistance videos on interest rate risk and the new Basel III capital rules. Timothy Koch, Ph.D. Graduate School of Banking at Colorado & University of South Carolina Timothy W. Koch is the President of the Graduate School of Banking at Colorado and a Professor of Finance at the University of South Carolina. He received his B.A. degree in mathematics from Wartburg College and Ph.D. in economics from Purdue University. He taught at Baylor University from 1977-1979, Texas Tech University from 1979-1987 and has taught at USC since 1987. From 1987-2006, he held the South Carolina Bankers Association Chair of Banking. Tim is the academic coordinator of the Graduate School of Bank Investments and Financial Management held at USC and the Workshop on Bank Investments & Asset Liability Management held in Las Vegas. Dr. Koch s research and writing focuses on bank performance analysis, risk management, the pricing of fixed-income securities, equities and financial futures and public finance. He is coauthor of Bank Management a leading college textbook just entering its 8 th edition and the author of Community Banking: From Crisis to Prosperity, which was published this past January. Tim served on the FDIC s Advisory Committee on Community Banking from 2009-2010.

Ed Krei The Baker Group Edward A. Krei is a Managing Director with The Baker Group, an investment firm based in Oklahoma City, specializing in investment portfolio services, asset liability management, and financial strategies for community based financial institutions. A frequent speaker at banking and investment conferences, Ed has spoken for the Federal Reserve Board of Governors, OCC, FFIEC, Conference of State Bank Supervisors, several Federal Home Loan Banks, and state banking and securities regulatory agencies. He has served as faculty member of numerous banking schools, including the Graduate School of Bank Investments and Financial Management, the ABA National Commercial Lending Graduate School, and the Graduate Schools of Banking at SMU, Colorado and LSU. Ed has served as a consultant to central banks in Europe and Russia. Ed received a BBA with honors in accounting from the University of Mississippi and was gold medalist on the CPA examination in Tennessee. He has served on the Boards of numerous civic and charitable organizations. Jason Mork BMO Capital Markets Jason is a Director in the Fixed Income division of BMO Capital Markets and specializes in balance sheet focused formulation and implementation of investment strategies for community banks. These consultative relationships are carried out through trading relationships or on a direct fee basis. Jason has been with BMO Financial Group since 2001 and has over 18 years of banking experience having held positions in capital markets, credit analysis, retail banking and commercial banking. He earned his bachelor s degree in business administration from the University of Wisconsin - Milwaukee and has continued studies through graduate banking schools and seminars. Professionally, he holds NASD Series 7 and 63 licenses. Jason is active in the community, serves as a volunteer leader with the Boy Scouts of America and he has coached in the Muskego Athletic Association youth baseball program. He was a past chair of the M&I Bank Employee Political Action Committee and has served on the Board of Directors for the United Way in Waukesha County.

Matt Pieniazek Darling Consulting Group Matt is the President of Darling Consulting Group (DCG), working nationwide with financial institutions in the areas of asset liability management, capital management, strategic planning, and mergers and acquisitions. In addition to assisting in the development of solutions for earnings enhancement and risk mitigation, Matt is active in helping institutions manage through the rigors of the current economic and regulatory environments. He is also a frequent speaker and author on balance sheet management topics. Prior to his 20 years with DCG, Matt was an Audit Manager and Consultant at KPMG Peat Marwick. He has his MBA from the University of Chicago, and a BBA in Accounting from the University of Notre Dame. David Sandler Sandler O Neill and Partners David C. Sandler, Principal, first joined Sandler O'Neill and Partners in 1991. He works with the firm s West Coast clients in all aspects of strategic planning and franchise value enhancement, including asset/liability management, mergers and acquisitions and corporate finance. Mr. Sandler also advises the firm s private equity clients on capital raising and depository strategy. He is a frequent lecturer at banking graduate schools, trade associations and industry conferences. Mr. Sandler received a Bachelor of Arts degree in economics from the University of California, Los Angeles. He sits on the finance committee of the Episcopal Charities of San Francisco and the investment committee of the American Friends of the Israel Philharmonic Orchestra. Mr. Sandler resides in San Francisco with his wife and two sons.