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Bank Executive and Bank Counsel

Location:
Minneapolis, Minnesota, 55448, United States
Posted:
October 20, 2016

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D a v i d M. J e n n i n g s

***** ******* ****** ** • Minneapolis, MN 55448-2238

Phone : (651) ***-**** • Email : acw5p1@r.postjobfree.com

PROFILE

Executive Summary : banking and finance, executive management and financial management, residential and commercial real estate lending, commercial lending and deal structuring, distressed loan workout and restructuring, special asset management and liquidation, loan and account legal documentation, UCC and chattel secured transactions, real estate secured transactions and foreclosures, construction and real estate development lending, loan review and loan administration, credit analysis and credit underwriting, collections and bankruptcy, creditor's legal rights and remedies, facilities construction and management, public and government relations, organizational operations, new business and economic development, bank bonds and insurance, liability and property insurance, human resources and employee benefits, financial budgeting and budget administration, policy development and organizational planning, project planning and project management, contracts negotiation and drafting, vendor and contract management, legal and law related management, corporate legal operations and legal records management, bank and commercial litigation, outside legal counsel management and litigation management, internal and external investigations, mediation and arbitration affairs, regulatory compliance and regulator relations, executive legal and risk prevention advisory functions, bank legal generalist.

CAREER HISTORY

State Bank of Delano, Delano, MN

Vice President and Bank Counsel, 2012–Present

Officer in charge of managing special asset operations, personnel and classified assets of the bank. Also served as in-house legal counsel for the bank. Performed in-house bank legal counsel functions, special asset management functions, financial management functions and executive management functions.

Served on the Executive Loan, OREO, Compliance and Appraisal Committees and advised on various legal compliance matters. Served as OREO\TDR Officer and Advanced Commercial and Construction Loan Officer for the bank.

Managed seven million dollars of assets classified as TDR (Troubled Debt Restructuring) credits including several million dollars of assets held by the bank as OREO (Other Real Estate Owned).

Conducted litigation and troubled loan workout settlements, law-related executive management functions, contracts negotiation, troubled loan collections, regulatory compliance functions, and custom troubled loan documentation preparation. Conducted foreclosure, repossession, rehabilitation, maintenance and resale of bank other real estate portfolio totaling several million dollars. Ensured sound risk management measures were in place for each property including appropriate distressed real estate property and casualty and liability insurance.

Lapp, Libra, Thomson, Stoebner & Pusch, Chtd., Attorneys at Law, Minneapolis, MN

Of Counsel (Senior Legal Counsel), 2011-2012

Engaged in private law practice providing legal counsel and legal representation to bank, business and individual clients in the following areas of law practice: Banking and Finance Law, Creditor's Rights and Remedies, Business Law, Bankruptcy Law. Real Estate Law, Estate Planning and Probate, Employment Law, ADR (Mediation and Arbitration).

Jennings State Bank, Stillwater, MN

Chairman of the Board, Executive Vice President, General Counsel and Corporate Secretary, 1994–2009

Managed bank board of directors and corporate records. Served on the Executive and Loan Committees. Carried out diverse in-house bank legal counsel functions. Performed executive management and financial management functions.

Conducted litigation and loan workout settlements, law-related executive management functions, contracts negotiation, loan collections, trust-related functions, regulatory compliance functions, and custom loan documentation preparation.

Managed construction and maintenance of bank building facilities, loan underwriting and loan portfolio, bank bond and insurance coverages, bank investments portfolio, business development and public relations, bank accounts and operations, insurance and financial planning services, bank technology and information security, human resources and employee benefits, internal budgeting, financial management, loan workouts and recoveries, troubled and special assets.

Developed and managed multimillion-dollar commercial loan portfolio as executive commercial loan officer.

Created processes, procedures, instructions, loan documentation, training program, and customized software for management and disbursement of construction and development loans of the bank.

Jennings Title Company, Stillwater, MN

Chairman and Chief Executive Officer, 2004–2009

Oversaw all phases of the title company start-up.

Interacted with the COO and CFO on managerial and operational matters, including title insurance underwriting.

Spring Grove Investments, Inc., Spring Grove, MN (Bank Holding Company)

Executive Vice President, General Counsel, Corporate Secretary and Director, 1994–2009

Worked with the CEO and executive management team on legal, management, operations, and compliance matters.

Minnesota Department of Trade and Economic Development, St. Paul, MN

Director of Information Management, 1993–1994

Served as representative to the State of Minnesota Information Policy Council. Managed IT operations and the development of departmental strategic information planning and execution, including data architecture development.

Ensured compliance with the Minnesota Data Practices Act, state policies, and laws and regulations.

Managed department strategic business and information planning as well as department IT personnel.

Provided assistance in the management of the department’s quality control initiatives, committees, and consultants.

Assessed and approved departmental expenses for IT consultants, IT training, computer software, computer hardware, and information resource management technology.

Minnesota Department of Trade and Economic Development, St. Paul, MN

Director of Business Development, 1991–1993

Assigned by the Deputy Commissioner to serve as chief finance\operations director for Business Development and Analysis Division. Designed and implemented new “hard business development” policies, programs, and strategies. Performed personnel functions for office staff and represented management at union grievance hearings.

Cut Business Development management staff by 75 % and increased targeted industry marketing staff by 43%.

Increased resource allocation to marketing and economic development activities, functions, and programs.

Managed budget of $1,700,000 and $540,000 in grants; had operational oversight of divisional budget of $4,250,000.

Liaised with business organizations, community groups, and state legislators; served as public relations contact.

Served as first Chair of Departmental Operations Group and as divisional representative to the group.

Ensured compliance of budget and operations with Department of Finance and Department of Employee Relations.

Strategic Growth Associates, Rochester, MN

General Counsel and Senior Vice President, 1990–1991

Provided advice to clients in achieving their business and economic development objectives.

Robertson, Blahnik, and Jennings, Attorneys at Law, Winona, MN

Law Partner and Attorney at Law, 1984–1990

Worked as partner in all areas of law firm management; provided legal counsel to numerous banks.

Focused law practice on a range of areas, including banking and finance law, bankruptcy law, creditor’s\debtor’s rights and remedies, business and corporate law, wills and estate planning, military law, and commercial\bankruptcy litigation.

Assistant Winona City Attorney - practiced primarily in criminal prosecution; assisted in civil law related duties.

EDUCATION

William Mitchell College of Law, St. Paul, MN Doctor of Jurisprudence, 1982

Concordia College, Moorhead, MN Bachelor of Arts in Political Science (Major) and Business Administration (Minor), 1979

PROFESSIONAL DEVELOPMENT

Licensed to practice law (Minnesota state and federal courts) ~ Continuing Legal Education: Numerous seminars over many years relating primarily to banking law, business law, commercial law, real estate law, ADR and employment law ~

Certified Economic Development Finance Professional: National Development Council; Washington, D.C., Certified Civil Arbitrator Program; Minnesota State Bar Association ~ Certified Civil Mediator Program; Minnesota State Bar Association

COMMUNITY INVOLVEMENT AND PUBLIC SERVICE

Rotary International: Member, Stillwater Chapter, Stillwater, MN (Director of International Service: 2000–Present) (President: 2006–2007) (Board of Directors: 2000–2008) (Paul Harris Fellow: 2003–Present).

Spring Grove Economic Development Authority: Chairman and President of the Board of Commissioners, Spring Grove, MN (formerly)

Captain: Judge Advocate General’s Corps, U.S. Army (MN ARNG, USAR) (formerly)

Lieutenant: Field Artillery, U.S. Army (MN ARNG, USAR) (formerly) (U.S. Army R.O.T.C. Distinguished Military Graduate)

AFFILIATIONS

Minnesota State Bar Association (several sections), Minnesota Corporate Counsel Association, Association of Corporate Counsel, 19th MSBA District Bar Association (10th Judicial District), American Management Association, Project Management Institute, Independent Community Bankers of Minnesota, National Development Council, LinkedIn



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