Lending Manager Officer

DAVID E. RUSSELL

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

Salem, NH 03079

513-***-****• ***********@*****.***

An innovative financial services executive and risk management consultant offering extensive experience developing, implementing, measuring and auditing performance metrics within the regulatory and capital constraints of the banking landscape. Specific expertise in mortgage banking, residential/consumer/commercial lending,business analytics, credit/market/liquidity risk assessments, loan reviews, capital requirements, equipment leasing, and regulatory/compliance initiatives. Systems Experience: Fitch OpVar; Teradata MDS; Fiserv; Jack Henry; Shaw; Bisys; Dicom; Genisis; Calyx; MortgageWare; Microsoft Office; SharePoint and Multiple Legacy systems. Offering practical solutions to complex issues, able to grasp the big picture, focus on critical details, and prioritize multiple project and process management initiatives. Self-directed, proactive leader who can build and motivate high-performance teams, and cultivate strong partnerships with key stakeholders.

PROFESSIONAL EXPERIENCE

CROSSROADS ALLIANCE, Cincinnati, OH • 2011 – Present

Principal - Financial Services and Risk Advisory Consultant

Approved contractor (Experis, Robert Half, McGladrey, Grant Thornton, Resources Global, Young & Associates, TCS, Zero Chaos) engaged for client specific projects.

Client Projects:

Currently performing 3rd Party Independent Commercial Loan Audits to meet internal credit guidelines and external regulatory reviews for Community Banks. Typically this involves assessing adherence to financial and regulatory reporting requirements, loan grading, and reviewing ALLL methodology and calculations.

Cosmo Trading SRL assignment, 1st and 2nd Quarter 2018, contracted to establish US credit (loan and leasing) standards, policies and procedures for intl. company entering the US market for the first time.

Tata Consultancy Services (TCS) assignment with PNC, 4th Quarter 2013 through 1st Quarter 2014. Evaluated existing Commercial Credit Risk Model. Performed Proof of Concept on three alternative models (Bosch, Pegasus, Moody’s) to augment or replace Legacy Model (champion vs challenger). Performed independent Commercial Credit Risk Assessment Stress Testing under eixisting Model .

Wolters Kluwer assignment with Fulton Bank, 2nd Quarter 2012. Flood certification audit as part of a pre-purchase loan review. Reviewed all active commercial, consumer and residential mortgage loans with properties in a flood zone. Tracked flood determinations from closing to purchase date for uninterrupted coverage and adequate insurance levels on three different loan servicing imaging systems.

Whitridge Associates assignment with TD Bank, 4th Quarter 2010-1st Quarter 2011. Assessed FDIC “covered” assets sale of $2 Billion Carolina First. Adequate loan loss reserves were reviewed based on the loan composition of the portfolio; loan type; concentrations; grades; delinquencies, non accrual levels; loss experience; and relevant factors specific to the client’s market(s). - Evaluated the Market Risk of loss resulting from changes in the value of assets and liabilities (including off-balance sheet assets and liabilities) due to fluctuations in risk factors. The acquisition focused on regulatory compliance tolerances across all portfolio segments using the Bank’s Basel II and ICAAP methodology.

Limited scope review with Royal Bank America, 3rd Quarter 2010. Sampling of equipment leases to include credit quality in comparision to existing Bank Credit Policy. Portfolio was compared to generally recognized industry leasing practices.

Performed BSA/AML audit for Zanesville Ohio Community Bank, 2nd Quarter 2011 as conducted in 2010.

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EXPERIS (fka Jefferson Wells Intl.), Cincinnati, OH • 2005 – 2010

Risk Advisory Services Consultant (Jefferson Well’s exceptional client service designation)

Consulted on banking and mortgage banking engagements with emphasis on Basel II, asset/liability risk management, regulatory/compliance audits, loan document and credit reviews for regional, national, and international clients.

The Community Bank, Zanesville, Ohio (2nd and 3rd Quarter 2010)

Performed compliance audit related to the Bank Secrecy Act, Anti-Money Laundering Act with scope of review based on the Federal Financial Institutions Examination Council’s (FFIEC) BSA/AML Examination Manual. Audited compliance with U.S. Patriot Act including Office of Foreign Asset Control Act (OFAC) requirements. Evaluated overall integrity of the BSA/AML compliance program to include policies, procedures, and processes. Tested risk-based transactions for record keeping and reporting requirements (CIPs, SARs, CTRs and CTR exemptions and information sharing requests). Reviewed efforts to resolve violations/deficiencies noted in prior audits; provide adequate staff training; and the effectiveness of the suspicious activity monitoring systems.

The Bank of Kentucky (4th Quarter 2009)

Audited potential acquisition of $400 million loan portfolio. Reviewed commercial loan portfolio and all classified assets for independent valuation and appropriate reserves. Compared rating system of selling bank to

purchaser and noted exceptions. Recommended re-classification where necessary. Reviewed collateral and financials for debt support. Updated reserves for appropriateness.

Northern Trust, Chicago, IL (3rd Quarter 2007 through 4th Quarter 2009)

Over a three year period performed the operational risk reviews and Basel II capital adequacy assessments for 200 lines of business. with the goal of codifying and centralizing consistent definitions of Basel loss event types (i.e. fraud/information security; disaster recovery; business disruption/ recovery; IT hardware-software security; process management/client & information security) to arrive at an overall operational risk exposure.

Responsible for establishing the initial risk assessment footprint for each LOB. This involved designing, extracting and analyzing KRI’s to develop the data management tools and standards necessary to interface with the Bank’s operational risk software (Algorithmic) within the framework of its supervisory approved operational risk standards. Using a RCSA (risk control self assessment) and applying a PARC protocol (process, activity, risks and controls) loss reserves and frequencies were validated over a 1,3,5,7 and 10-year time frame.

PNC (fka National City Bank) - Leasing Division, Cincinnati, OH (3rd Quarter 2005 through 4th Quarter 2006)

Led a five person team to address personal property taxes at the county, city, and state-level. Managed relationships with senior bank executives, taxing authorities, and third-party vendors. Reconciled and remediated taxes on 15,000 parcels of leased personal property for a five year period. Audited tax bills and reconciled differences.

PLAINS CAPITAL CORPORATION, Dallas, TX • 2004

Senior Vice President

Integrated correspondent bank’s (+100) end loan programs into $3 billion bank holding company by implementing standard products and procedures. Expanded scope to include mortgage bankers and nationwide brokers to create a new distribution channel. Negotiated contracts for potential acquisition candidates.

MERCHANTS BANK AND TRUST, West Harrison, IN • 2002 – 2003

Senior Vice President, Chief Lending Officer

Managed the lending function (commercial, residential, consumer) including loan operations, audit review, collections, and ORE management for a $130 million portfolio. Enhanced the FHLMC tier servicing rating.

Boosted loan production 80% through automation, developing new loan products, adding investors, improving execution in the secondary market, and establishing a formalized training program.

Increased pre-tax income by 250% to $750K, which represented over 50% of the bank’s total income.

UNION SAVINGS BANK, Cincinnati, OH • 2000 – 2002

Vice President

Solicited and underwrote commercial and residential loans in the Ohio, Indiana, and Kentucky markets through a network of 125 mortgage brokers. Conducted credit reviews and pre-purchase audits. Developed portfolio loan products for niche properties outside secondary market standards while underwriting these credits to specific investment and credit criteria. Located new branch sites for the existing franchise.

Identified acquisition candidates, performed due diligence, and recommended purchase options to Board of Directors, leading to the successful acquisition of a $150 million per year Indiana originator.

HOME FEDERAL BANK, F.S.B., Hamilton, OH • 1997 – 2000

Senior Vice President, Chief Lending Officer

Directed the lending function including commercial, real estate, installment, loan operations, loan review and collections on a $300 million portfolio. Developed and updated loan policy guidelines to ensure asset quality and profitability including collection, recovery, and real estate / asset loss mitigation. Implemented loan growth and retention to meet corporate expectations, and initiated a construction loan program.

Identified and established 75+ correspondent loan brokers in the Midwest, producing volumes of $150+ million in 1998 and 1999, a 300% increase over 1997 levels while reorganizing the entire division.

Generated pre-tax income of more than $1.2 million in 1998 and 1999.

VICTORIA BANK AND TRUST, Victoria, TX • 1994 – 1997

Senior Vice President, Mortgage Lending Manager

Centralized, developed, and managed the consumer lending division of a $4 billion regional bank with 42 branches in 35 communities. Within the context of credit risk management reviewed, analyzed and tested the existing asset mix for concentrations of credit and adjusted capital reserves accordingly. Crafted uniform credit standards to address regulatory concerns (Matters Requiring Attention) which had surfaced during due diligence of the seven community banks merged to form the regional bank. Introduced consistent loan loss calculations and reserves across credit portfolios to risk rate the assets. Adopted universal Point of Sale laptop usage to promote consistent underwriting guidelines and risk analytics.

Increased retail production over 100% in 12 months, generating $50 million per month prior to acquisition with 85% representing purchases (not refinances) with an average pre-tax net income of 75 basis points.

Implemented comprehensive secondary market enhancements, improving pricing through volume delivery, and minimizing document delivery exceptions.

Created the bank’s fair lending initiatives that included creating an affordable housing department, which interfaced with Community Home Buyer Programs and grant funds.

BANCONE MORTGAGE CORPORATION, Houston, TX • 1993 – 1994

Regional Sales Manager – Responsible for mortgage originations in the 50+ Area Branch Banks of $75 MM per month.

MORTGAGE INVESTMENT CORPORATION, San Antonio, TX • 1990 - 1993

Founder and President – Capitalized and Chartered a De Novo to Acquire obtaining $750 million in GNMA mortgage servicing rights from the RTC.

AMERICAN MORTGAGE COMPANY, Houston, TX • 1977 – 1989

Senior Vice President, Lending Manager – Generated $100 MM/month of Retail and Correspondent Mortgage Production through a network of 7 retail branches and 150 wholesalers.

EDUCATION: MBA – Thunderbird School of Global Management at Arizona State University, Glendale AZ - 1976

BA – Trinity University, San Antonio, TX – 1975

PROFESSIONAL AFFILIATIONS (Previous): Director – Neighborhood Housing Services

Director – First Federal Savings and Loan

Director – Mortgage Investment Corporation

Director – Houston Mortgage Bankers

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