Quality Control Real Estate

Michael P. Southard

( 435-***-**** ( *******@*******.***

Executive Summary

Credit Administration Portfolio Management Troubled Asset Resolution

A solution focused senior banking and finance executive with more than 25

years and $9 billion in credit administration overseeing and ensuring the

safety, soundness, and overall quality of lending portfolios. An expert in

assuring that documentation is in compliance with State and Federal

regulations and in the early detection of deteriorating loan quality.

Knowledgeable in the areas of bank growth, expansion, ALLL, marketing,

staffing, and employee training programs. Dedicated to maintaining a

reputation built on quality, service, sound lending, careful analysis and

uncompromising ethics.

Areas of Expertise

Strategic/Tactical OREO /Loan Workouts Loan Review/Loan Compliance

Planning /Asset Recovery SBA 504 Commercial Term Loans

Credit Policy Multi-Billion Dollar

Administration Portfolio Management (C&I)/Commercial Real Estate

Mergers & Acquisitions/ Regulatory Compliance Loans (CRE)/ Residential

De Novo Bank Start-up Loans

Staff Residential Reverse Mortgages

Training/Development

Credentials

State of Utah

Commercial and Residential Principal Lending Manager License + Consumer

Finance License

Professional Experience

Liberty Federal Group - St. George, UT

2008 - 2009

Chief Credit Officer for Silverleaf Bank FSB (Proposed)

Initially brought on to assist with the opening of a nationally chartered

Thrift Bank. Participated in senior management business-level decisions

involving business vision and strategy and the standardization of best

practices. Performed complete market evaluation and analysis for Bank and

regulator. Wrote a 3-year budget, lending, marketing and compliance plans

including stress tests and submitted to the Office of Thrift Supervision

(OTS).

Achievements

. Defined and wrote lending policies and procedures including quality

control, compliance, ALLL and regulatory policies.

. Raised $2 million in pledges for funding capitalization without being

assigned to the team.

. Authored a comprehensive area marketing report that was eventually

adopted by other local businesses to secure expansion financing.

Security National Capital / Security National Life Insurance - Murray, UT

2004 - 2008

Vice President Commercial Lending, Vice President Reverse Mortgages

Asked to lead the commercial lending department for a well-known regional

life insurance company. Developed and delivered a compelling presentation

to executive management. Defined and administered credit policy. Prepared

and executed annual expense, volume, profitability and loan performance

budgets, and business plans.

Achievements

. Marketed for, underwrote, presented to loan committee, and closed

commercial real estate loans in multiple states in amounts from $100

thousand to $5 million dollars.

. Established strategic loan participation relationships with other

lenders that contributed to the rapid and safe commercial portfolio

growth from $25 million to $95 million within 3 years.

Professional Experience - Continued

. Administered credit policy agreeable to regulators in six different

states.

Benchmark Commercial Funding - Pleasant Grove, UT

1993 - 2004

Commercial Mortgage Banker and Bank Lending Consultant

Established a full service commercial and residential mortgage banking

company and originated, underwrote, and presented loans to various lenders.

Produced procedural, compliance, underwriting, and quality control manuals

for various banks. Performed stress testing, troubled asset resolution, REO

sales, staff training, quality control services, re-underwriting,

construction loan workouts and established procedures to better identify

impaired loans and strengthen ALLL.

Achievements

. Advised community banks in commercial lending, ALLL, compliance and

troubled asset resolution.

. First commercial mortgage banker in Utah to have an Internet presence.

. Recognized among the top 10% of independent commercial mortgage banking

companies nationwide for exceptional loan quality.

. Organized a complete residential lending department for a large, well

known and established state bank.

. Assisted banks in marketing programs to bundle retail products with

commercial and res loans.

1st Nationwide Bank - San Francisco, CA

1986 - 1992

Senior Vice PRESIDENT, Director of Lending, CLO

Provided administrative and operational guidance and support to a

department with 250 staff members nationwide including 30 underwriters.

Began as a regional First VP in Chicago then promoted several times until

SVP, Nationwide Director of Lending in San Francisco.

Achievements

. Restructured and integrated staff, aligned facilities, disposed of

troubled assets, and incorporated and re-branded three failed thrifts and

two banking institutions into 1st Nationwide.

. Monitored the bank's loan portfolio to ensure effective administration

including management of past-dues, loan agreement compliance, credit and

collateral exceptions, risk ratings, problem loans, non-accruals, and

charge-offs.

. Approved loans up to $1 million without additional loan committee

approval as a result of consistently demonstrating excellent judgement.

. Served as liaison with Federal Savings and Loan Insurance Corporation in

acquiring failed institutions that were integrated into 1st Nationwide.

. Introduced three kiosk banking facilities located within Ford Motor

Company's assembly plants.

. Served as a member of various committees including: Executive Lending,

Corporate Steering, Assets and Liabilities, Community Reinvestment Act,

Fair Housing, and Technology Committees. Served as an advisor to the

Internal Audit Committee.

Paramount Savings Bank - Bakersfield, CA

1985-1986

Chief Lending/ Chief Credit Officer

Managed the overall credit risk of the of the principal loan portfolios

through effective planning, credit review, sales and lending techniques as

well as planning and directing operational policies, personnel development

and execution of the bank's overall business strategy.

Achievements

? Consolidated and updated overall lending and credit risk policies to

reflect current regulatory environment.

? Established loan quality grading system for CRE, SBA and C&I portfolio.

? Established a full service residential lending division within the bank

and opened remote LPO's.

Great West Savings & Loan- Las Vegas, NV

1981-1985

DIRECTOR OF LOAN ORIGINATIONS

One of 10 original founders of the institution. Assisted in organizing

the bank, selling stock and staffing the institution upon opening.

Reported directly to the Chief Executive Officer. Carried out policy and

promoted the bank in the community.

ACHIEVMENTS

? Originated, processed and presented residential and commercial real

estate loans to Executive Loan Committee.

? Prepared loans and loan documentation for participation with other

banks.

? Performed loan servicing and collections.

Education

Bachelor of Science Program - Business Administration

Antelope Valley College - Lancaster, CA

Willing to relocate and travel

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