Danny F. Dukes, CPA, MBA, CFE

*** ****** *****

Canton, GA 30115

770-***-****

404-***-**** Cell

adczmi@r.postjobfree.com

SENIOR FINANCE, ACCOUNTING AND OPERATIONS EXECUTIVE

Finance & Accounting Management… Financial Institutions… Budgeting… Risk Management and Audit… SEC Reporting… NASDAQ Compliance… Investment and Treasury Management… Deposit and Loan Operations… Human Resources…

Generally Accepted Accounting Principles… Financial Accounting Standards….

Senior-level executive with advanced degrees and many years of diversified experience in banking, finance, mergers, acquistions, audit, risk management, credit, credit analysis, internal controls and operations management. Proven ability to improve operations, impact business growth by maximizing resource utilization and cutting costs when necessary. Accomplishments include analyzing and auditing financial systems, loan files, developing and coordinating investment management procedures, cash flow/funds management, asset liability management and automating operational systems. Strong qualifications in general management, business planning, systems technology design and implementation, investment portfolio management, bank operations and staff development/leadership. Served as expert witness in federal and state courts on financial, banking and audit matters. Assisted with developing new retail products. Managed ACH operations.

Strong research, analytical and development capabilities have been critical in meeting tight deadlines. Possesses excellent verbal and written communication skills, contributing numerous reports for top executives, board of directors, external auditors and government regulatory agencies. Possesses expertise in identifying and resolving critical corporate problems which require an in-depth understanding of effective resource and financial management and control. Served repeatedly as legal and external certified public accounting liason. Proficient with Generally Accepted Accounting Principles and accounting standards for the financial services industry.

PROFESSIONAL EXPERIENCE

Danny F. Dukes and Associates, LLC Canton, GA

Managing Partner June 2010 – Present

Reformed consulting practice to provide a resource to assist banks in need of capital and management resources. The remainder of the practice is dedicated to solve critical issues for small to medium sized businesses and provide attorneys with expert witness services.

Since inception, has provided significant client successes to clients in the following disciplines:

- Raising Capital

- Negotiated Debt Settlement

- Investment Management

- Risk Management/Compliance

- Policy Management

- Expert Witness

- Mortgage Bank Consulting

- ACH Processing

- Contract Chief Finacial Office

- Establishment of SBA Lending

- Courtroom Testimony and Depositions (Criminal/Civil)

- Contract Management

- Restructure Lending

-Portfolio Management/ Restructure

- Fraud Investigation

- Vendor Management

- Assisted FDIC with Fraud Investigation

- Allowance for Loan Loss Accounting (CECL)

- Basel III Capital

- COSO Standards

- Merger/Acquisitions

- Operations Management

- Strategic Planning

- System Analysis

- System Implementation

- Regulatory Liason

- Loan Review

- Board Advisor

- Loan Portfolio Analysis

- Internal Audit/Controls

- Loan Portfolio Sale

- SEC Reporting

- Sale of Loan Business Unit

- ADP and various payroll systems

Appalachian Bancshares, Inc Ellijay, GA

Executive Vice President, Chief Financial Officer, Chief Operations Officer October 2007 – June 2010

Chief Financial Officer for $1.2 Billion, two charter, NASDAQ, publically traded multi-bank holding company. Served on Asset Liability Committees, Audit Committee, and Corporate Governance and Compensation Committee. Also, reported financial results and budget comparisons monthly to Board of Directors of Appalachian Bancshares, Appalachian Community Bank and Appalachian Community Bank, FSB. Manage shareholder relations, accounting, financial reporting, operations and risk management for 13 branches in 3 states.

Financial Achievements

Instrumental at converting cash management from correspondent bank to a direct relationship with the Federal Reserve Bank of Atlanta. This reduced related operating expenses by over 50%, providing a boost to profitability. It also created operational efficiences increasing cash availability and streamlined cash management.

Avoided duplication of employee benefits by implementing an Employee Stock Option Plan with 401k provisions to allow potential leveraged purchases of APAB stock during adventageous market periods for future employee awards.

Replaced shareholder relations firm and personally authored annual reports, press releases and earnings conference call scripts saving over $125 thousand annually.

Implemented new system for foreign currency exchange and foreign wire transfers doubling income potential for this product offering.

Negotiated all contracts improving service, product and saving money.

Coordinated production of financial package for raising private equity capital.

Operational Achievements

Directed implementation of remote capture for customers and branches. Resulted in all day, same day processing without cut-off decreasing financial float and increasing efficiencies.

Implemented procedures to ensure that new account documentation exceptions are elevated to management if not corrected timely.

Converted from ARTA to Compliance One, new account platform.

Separated the Federal Savings Bank charter dependence on the state bank charter in less than 30 days.

Managed and improved ACH and payment processing

Risk Management

Managed enhancement of procedures for compliance activities which monitored money service businesses.

Assisted in improving compliance with Flood Hazzard Protection Act.

Directed transition to in-house, risk based Internal Audit Department.

Participated in Special Investigation of Management Fraud

Managed insurance policies, including fidelity bond and directors and officers’ liability

Non-voting member of Loan Committee, Advisory

Advisor to Chief Lending Officer on Lending Polices/Processes

Approved Policies and Guidance for Lending and Disposing of Other Real Estate

Accounting Management

Coordinated and managed consolidation of bank holding company subsidiaries.

Prepared and managed process for quarterly and annual financial statements used for annual report and SEC reporting.

Reviewed and edited SEC Form 10Q and 10K.

Managed preparation of FDIC Call Reports and OTS Thrift Financial Reports.

Prepared budgets and financial projections of both subsidiaries.

Actively intergrated accounting projections with strategic planning process.

Callaway Partners, LLC Atlanta, GA

Senior Project Lead May 2005 – October 2007

Project Lead while working directly with Director for Securities Accounting during Fannie Mae’s re-audit and financial restatement project in Washington, DC. Assumed duties for Director and Vice President allowing them to participate in the financial restatement for four previous years. Managed both Fannie Mae personnel and a team of 10 consultants.

Audit Accomplishments

Supported Deloitte, the external auditors by providing PBC schedules and information. Also, provided supporting documentation and evidence for schedules.

Worked directly with the asset pricing team as led by Price Waterhouse Coopers. Assisted in resolution of issues related to Emerging Issues Task Force 99-20 and Other Than Temporary Impairments. Provided accurate data for statification and pricing of Fannie Mae’s investment portfolio.

Utilized ad hoc report writer (SQL), to provide Fannie Mae’s Financial Reporting Team with restated numbers to correct previous reporting errors. Mapped all corrected data to data groups for use in reporting SEC Forms 10-K and 10-Q. Continuing to manage these processes. Continuing to purify consistency in the securities’ database and provide additional data to Fannie Mae’s regulator, OFHEO, and management as requested by using SQL. Assisted in establishing SOX 404 compliance in Securities Accounting.

Assisted with risk based decisions for securities purchased.

Operational Achievements

Helped re-engineer financial reporting processes and systems for securities portfolio. Securities Accounting and Financial Reporting were operating independently causing financial irregularities. Coordinated and streamlined data feeds from Securities Accounting to Financial Reporting to provide timely and accurate reporting.

Led significant data validation and correction efforts to purify the Securities Accounting’s database. This major project impacted and required interaction and cooperation of the Trading Department, Portfolio Management, Securities Accounting and Financial Reporting departments.

Led additional effort to securitize monthly Real Estate Investment Conduit (REMIC) collateral for new securities proposed by Fannie Mae. This effort provided new securities for the financial markets.

Directed an effort to obtain and update missing documentation for over 3,600 mortgage revenue bond securities owned by Fannie Mae.

Assisted in policy management, authorship and revisions.

Danny F. Dukes, CPA Canton, GA

Independent Consultant November 2003 – May 2005

Provided accounting and consulting services to clients while enhancing efficiency and business models.

Mortgage Banking

Established a mortgage banking branch in Metro Atlanta for an out-of-state mortgage company. Hired and trained all personnel. Established key relationships for a successful business model. Directed all aspects of the project from the feasibility study, license applications and the business plan with proforma financial statements.

Set up loan servicing with all regulatory guidance.

De Novo Bank

Assisted in raising capital and the application for a new state chartered bank. Negotiated all major contracts and helped set up operations.

Portfolio Management

Advised several banks concerning investment and asset liability management.

Established lending departments and lending policies with underwriting guidelines

Assisted in establishment of SBA department with risk matrix and preferred lender status

Established loan committees with sufficient mission and risk assessment guidelines

Merger and Acquisition

Acted as merger and acquisition liason and contract CFO for Chattahoochee National Bank. Worked with external accountants through the merger and acquistion of Chattahoochee National Bank and First Capital Bank. Prepared Securities and Exchange Commission and regulatory filings pertaining to this merger. Assisted in operational transition.

Chattahoochee National Bank Alpharetta, GA

Chief Financial Officer, Human Resource Manager,

Management Information Systems Manager January 1999 – November 2003

Executive officer and member of a three person executive management team for a publically traded bank holding company. Reported directly to President and Chief Executive Officer. Attended and actively participated in monthly board meetings as assistant corporate secretary. Directly responsible for retail banking operations, bank operations, internet banking operations, human resources and management of information systems. Actively managed the Asset Liability, the Audit and the Operations Marketing and Technology Committees. (Merged and eventually purchased by RBC Centura)

Financial Accomplishments

Helped grow de novo bank from $27.0 million in January 1999 to $145.0 million in 2003. Achieved monthly profitability early in 2000.

Succesfully managed a $45 million investment portfolio as a peer group high performer while matching cash flow and cash projections maximizing balance sheet leverage.

Designed leveraged Employee Stock Option Plan that allowed repurchase of stock during depressed market periods. After two subsequent mergers, many employees benefited significantly from this benefit.

Coordinated and prepared annual budgets.

Operations Efficiencies

Cross trained all staff and developed operational and procedural manuals to avoid interruptions for staff and customers.

Coordinated the design and implementation of http://www.bankthehooch.com. Managed the selection and implementation of Internet banking in 2000. Designed and implemented internal controls for the Internet Banking system.

In 2002-2003, managed the selection and implementation of a new core data processing system.

Managed ACH and payment processing/money transfer.

Risk Management

Implemented Sarbanes Oxley provisions by developing a risk assessment, monitoring and maintenance program.

Responsible for policy design and implementing strategies for each committee.

Liason between the Board of Directors for both external and internal audit firms. Actively provided data and schedules for external audit and internal audits.

Responsible for managing insurance, including fidelity bond and directors and officers’ liability coverage.

Assisted in establishment of SBA lending and preferred lender status.

Advisor to loan committee.

Implemented revised lending and portfolio management strategies

Assisted in establishment of mortgage banking relationships

First Community Bank & Trust Cartersville, GA

Chief Financial & Operations Officer March 1997 – December 1998

As an executive officer, reported directly to the bank president and chief executive officer. Officers responsible for retail and bank operations and MIS management reported to this senior position. Also, responsible for internal and external financial reporting. Prepared all necessary SEC Reporting Forms. Active participate in strategic planning and budgeting. (Merged in to National Bank of Commerce, Memphis, TN)

Financial Accomplishments

Managed a $25 million investment portfolio. Increased tax equivalent portfolio yield by 0.67% in less than nine months during a decreasing interest rate environment.

Managed periodic cash flows while maximizing interest margins.

Key member of Asset Liability Committee. In March 97, over 20% of this banks earnings were at risk if interest rates increased 2%. In less than six months, implemented strategies to reduce this exposure to less than 1% of earnings.

Responsible for negotiating significant contracts and purchases of fixed assets.

Risk Management

As risk manager, negotiated and reviewed all insurance coverages for adequacy.

Liaison between Board of Directors and external auditor.

Advisor to loan committee

Assisted with loan portfolio management, credit and risk guidelines, corporate and consumer lending

Assisted with implementation of SBA lending initiative with all policies and guidance

Operations Management

Designed and implemented profitability model that led to over $45 million of new commercial deposit business.

Assisted with the implentation of an enhanced ATM network allowing customers to use a large network of ATM’s with no surcharges.

Designed reporting system to allow better tracking of deposits and transactions.

Managed ACH and payment processing.

Georgia Federal Credit Union Atlanta, GA

Chief Financial Officer March 1994 - March 1997

Reported directly to the President and Chief Executive Officer. Also, responsible for internal and external financial reporting. Prepared annual budget. Successfully managed $35 million investment portfolio. Managed periodic cash flows while maximizing interest margins. Managed Assets/Liabilities. Active participate in strategic planning. M & A experience. Liaison between Board of Directors external and internal auditors.

Profitability Management and Reporting

Implemented and managed cost accounting for 13 profit and cost centers.

Designed and implemented a set of Board reports that allowed effective communication of financial results numerically and paragraphically to facilitate different communication patterns of different Board members.

Operations Accomplishments

Coordinated the building of 3 new branches and relocation of corporate headquarters.

Redesigned processes for computer operations to facilitate better management decisions.

Increased timeliness of monthly closing procedures, reducing timeframe to 5 days.

Standardized ACH data transfer payroll processes for member groups.

Converted 2 acquired credit unions.

Managed ACH, payment processing and money transfer.

Risk Management

As risk manager, negotiated and reviewed all insurance coverages for adequacy.

Liaison between Board of Directors and external auditor.

Advisory to senior lender for policies and risk management concerning consumer lending

Assisted with the revamp of Portfolio Mortgage Lending

Fayette County Bank Peachtree City, GA

Chief Financial Officer June 1993 - March 1994

Reported directly to the bank president. Officers responsible for retail and bank operations and MIS management reported to this senior position. Also, responsible for financial reporting, internally and externally. Prepared all necessary SEC Reporting Forms. Successfully managed $17 million investment portfolio. Increased tax equivalent portfolio yield. Managed periodic cash flows while maximizing interest margins. Key member of Asset/Liability Committee. Responsible for negotiating significant contracts and purchases of fixed assets. Implemented a automated, online, personal computer teller system. As risk manager, negotiated and reviewed all insurance coverages for adequacy. Active participate in strategic planning and budgeting processes. Liaison between bank and external auditors/internal auditors. Prepared schedules as requested for all audits. Coordinated all external audit confirmation requests. (Left due to a pending merger with a larger regional bank, Bank South/Nations Bank.)

The Chattahoochee Bank Marietta, GA

Internal Audit Manager June 1991 - June 1993

Formalized the internal audit and regulatory compliance functions. Reported to CFO and Board of Directors. Responsible for design and maintenance of internal control procedures. Worked with external auditors during their annual audit. Coordinated all external audit confirmation requests. Followed any confirmation exceptions to satisfactory conclusion. Performed credit reviews for large and mostly commercial credits, including SBA. Revamped SBA servicing system. Also, provided schedules as requested to the external auditors. Instrumental at identifying and assisting in the correction of major flaws in operational processes and internal controls. Member of Data Processing Search Committee. Assisted in a conversion and implementation of a document imaging and payment system. Acted as an internal data processing and personal computer consultant. Assisted in the implementation of a Novell LAN and in the installation of an automated mortgage loan origination package. Left due to a merger with a larger regional bank. (Merged with Bank South/Nations Bank)

Citizens Bank Dallas, GA

Controller December 1989 - June 1991

Reported directly to the bank president. Responsible for financial reporting, internally and externally. Successfully managed $18 million investment portfolio. Increased tax equivalent portfolio yield. Managed daily cash flows while maximizing interest margins. Key member of Asset/Liability Committee. Responsible for negotiating significant contracts and purchases of fixed assets. Involved in Merger and Acquisition work. As risk manager, negotiated and reviewed all insurance coverages for adequacy. Active participate in strategic planning and budgeting processes. Liaison between bank and external auditors. Left due to a pending merger. Liason between Board of Directors and internal/external auditors. Provided schedules and assisted as requested. Coordinated all external audit confirmation requests. Followed any confirmation exceptions to satisfactory conclusion. (Merged with First National Bank, Gainesville, GA, then Regions Bank)

First Federal Savings and Loan Association Warner Robins, GA

Controller/Internal Auditor June 1987 - December 1989

Established the internal audit and compliance functions. Reported to the Chairman of the Audit Committee and Board of Directors. Instrumental in improving controls and procedures until September 1988. Implemented a formal audit calendar and reporting procedures as recommended by external auditors. Late 1988, I became controller and was responsible for financial reporting, internally and externally. Reported to the CFO. Managed daily cash, assets and liabilities for maximization of interest margin. Responsible for personal computer and data communication operations. Member of Data Processing Search Committee. Key member of a conversion and implementation team. Risk and fixed asset manager. Merger and acquisition experience. Coordinated all external audit confirmation requests. Followed any confirmation exceptions to satisfactory conclusion. Left due to a pending merger with a larger regional bank. (Merged with Columbus Bank and Trust, Columbus, GA)

Citizens and Southern Georgia Corporation Macon, GA

Audit Officer June 1982 - June 1987

Developed as an internal auditor with broad exposure to all areas of bank branch and operations. Wrote numerous audit programs and enhanced other audit programs as deemed necessary during audits. Liaison with corporate legal and EDP audit staff. Managed audit staffs of up to nine professionals. Wrote audit reports in accordance with Generally Accepted Auditing Standards and presented findings to management and boards. Provided Ernst and Whiney schedules, workpapers and other support as requested. Worked directly with the merger and acquisition team for the acquisition of Florida banking operations. Performed loan credit risk assessment audits, including commercial and consumer, with regulatory compliance. Acted as advisor on loan and operational policies.

Adjunct Professor of Accounting

Keller Graduate School Atlanta, GA June 1996 – June 1998

Clayton State College Morrow, GA January 1994 – June 1996

Chattahoochee Technical College Marietta, GA September 2017 – December 2018

PERSONAL

Certified Public Accountant (CPA)

Certified Fraud Examiner (CFE)

EDUCATION

Georgia College and State University Milledgeville, GA

Masters in Business Administration, Minor in Accounting June 1988

Obtained degree while working fulltime and travelling.

Mercer University Macon, GA

Bachelors of Business Administration in Finance, Minor in Economics June 1982

PROFESSIONAL ASSOCIATIONS

Georgia Society of Certified Public Accountants - Member, Chairman of Financial Institutions Committee 1996-99, 2014-Present

American Institute of Certified Public Accountants – Member

Association of Certified Fraud Examiners – Member

Financial Managers Society – Member 2008, 2009

Cherokee County Rotary

Georgia Charter Educational Foundation, Founding Board Member, Treasurer

Cherokee Charter Academy, Founding Local Governing Council Board Member, Treasurer, Chairman

Board Member for Cherokee County Property Tax Equalization Board, 2009-2011

Community Bankers Association – Member

Georgia Bankers Association – Member

Contact this candidate