PATRICK L. SMITH

***** ****** **** ****-* ( Oxford, Florida 34484

305-***-**** ( abz8xf@r.postjobfree.com

SUMMARY

A highly accomplished Senior Finance Executive who has increased net

income $27 million for two institutions over the past twelve years and

added $14 million in equity to current bank. A proactive leader who

drove Board-level decision makers to anticipate market changes and

aggressively manage risk. Targeted and recruited a talented staff to

execute these decisions. A dedicated and analytical problem-solver,

who evaluates issues and uses highly effective approaches. An

enterprising leader, who identifies new processes to optimize

performance and ensure the achievement of established business

objectives.

EXPERIENCE

CITIZENS FIRST BANK, The Villages, Florida

Senior Vice President of Investments / CFO, 2010-2013

Directed investments of a $1,100,000,000 investment portfolio. Drove

income to hit targeted level. Identified institutional life threatening

interest rate risk and implemented low cost solution. Responsible for asset-

liability management, presentation to ALCO and the Board of Directors.

Developed cash flow, liquidity forecasts, and a monthly earnings

forecasting model.

. Increased investment interest income by $6,000,000 per year.

. Lowered cost of funds by $3,000,000 per year.

. Increased net income by $300,000 per year by creating leverage

strategy.

. Developed deposit cost model for lowering cost of funds.

. Lowered interest rate risk profile while increasing earnings.

EASTERN FINANCIAL FLORIDA CREDIT UNION, Miramar, Florida

Vice President of Treasury Operations, 1999-2009

Directed investments of a $300,000,000 investment portfolio. Supplemented

loan-interest income to hit target net-interest margin. Directed portfolio

accounting and reporting. Responsible for all facets of asset-liability

management, collection of data, review of results and presentation to ALCO

and the Board of Directors. Oversaw day-to-day cash position of credit

union at five financial institutions. Responsible for wire-transfer

operations. Maintained cash balances in non-branch ATMs and provided

target cash balances for 30 branches. Developed cash flow and liquidity

forecasts, and established an operating budget-forecasting model.

Supervised a staff of four finance professionals.

. Saved $200,000 per year in interest expense by lowering vault cash by

$10,000,000.

. Lowered funding costs $300,000 per year by implementing Treasury Tax

and Loan (TT&L) funding strategy as part of a $300,000,000 debt

portfolio.

. Outperformed peers by 175 basis points with a $300,000,000, AAA-rated

investment portfolio in 2008.

. Increased net income by $800,000 by creating leverage strategy.

. Implemented automated wire transfer system and converted from FedLine

DOS to FedLine Advantage.

BOND INVESTORS ASSOCIATION, Miami Lakes, Florida

Managing Editor, 1995-1999

Produced monthly issues of Income Securities Advisory and Defaulted Bond

Newsletter. Maintained databases for 700 defaulted corporations and 1,800

municipal-bond issuers. Analyzed defaulted corporations to determine

recovery value of various creditor classes.

. Identified fixed-income securities as buy, hold and sell candidates for

Income Securities Advisor.

ADDITIONAL EXPERIENCE

PATRICK L. SMITH INVESTMENT COMPANY, Miami, Florida, Futures Trader,

1991-1995. Traded S&P 500 and U.S. Treasury Bond futures on day and

intermediate-term basis. Analyzed economic news and statistics to

determine appropriate investment positions.

FLORDIA POWER & LIGHT COMPANY, Miami, Florida, Financial Analyst, 1983-

1991. Managed daily investment activities for $90,000,000 nuclear-

fuel lease. Proposed asset- management strategy to maximize income of

company's $300,000,000 nuclear-decommissioning fund. Reduced

$90,000,000 nuclear fuel-lease expenses by $60,000 annually. Compiled

annual and monthly budget-variance reports for Finance Department.

Prepared discounted cash-flow studies, using net present-value

analysis for presentations to Board of Directors.

Assistant Laboratory Supervisor, Nuclear Chemistry Department, Turkey

Point Plant, 1977-1983. Directed a staff of eight laboratory

technicians. Provided training for new personnel. Analyzed primary,

secondary and associated water systems' samples for site's two 800-

megawatt nuclear power plants.

EDUCATION

UNIVERSITY OF MIAMI, Coral Gables, Florida

M.B.A., Finance

FLORIDA STATE UNIVERSITY, Tallahassee, Florida

B.S., Biology, Chemistry and Mathematics

AFFILIATIONS

Toastmasters International, 2005-2009, Past President

PERSONAL

Enjoys traveling, sailing and gardening.

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