EVP/CFO/COO
Resume:
MICHAEL T. BLUBAUGH
BUSINESS DEVELOPMENT & FINANCIAL MANAGEMENT
**** *. ******** ****, *** 1236
Garland, Texas 75044
***********@*****.***
EXECUTIVE PROFILE
Executive Leadership
Vision, Strategy & Execution
General Management
Operations Management
P&L
Startup, Turnaround, Change Management
Mergers & Acquisitions
Process & Performance Improvement
Team Building & Leadership
Administration
Relationship Management
Internal Relations
Customer Relations
High performance executive with extensive financial and general management experience.
Consistent success in maximizing performance driving growth and revenues, capturing market share, improving profits, and enhancing value. Mentored, motivated, and lead high-performance business, sales, marketing, product management, and development teams. Value proposition includes:
Effective and wholly accountable in high-profile executive roles.
Overcoming complex business challenges and making high-stakes decisions within fast-paced, high-pressure environments using experience-backed judgment, innovation, strong work ethic, and irreproachable integrity. Respected as motivational, lead-by-example manager, change agent, and a proponent of empowerment and accountability.
Visionary thinker with broad perspective and entrepreneurial drive.
Key contributor to enterprise-level planning and decision-making. Valued advisor and requested consultant to board members, investors, and top-tier executives. Strong problem-solving skills with balanced powers of reasoning and objective analysis of the facts.
Well-documented track record for outstanding performance in a variety of fast track environments.
Experience includes banking, retail and wholesale sales, inventory distribution, residential and commercial real estate development, construction and property management; professional services, light manufacturing, and electric utilities.
CHRONOLOGY
CHATUGE BANK SHARES, INC./BANK OF HIAWASSEE – Hiawassee, GA 2005-2009
EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER; CHIEF OPERATING OFFICER
Turned an undercapitalized, underperforming, poorly organized community bank into a high performance, profitable operation with $450M in total assets. Developed and implemented a range of effective strategic planning, financial management, and capital acquisition solutions. Hired, developed, and mentored key managers and line personnel. Revitalized the bank’s focus on customer service and overall staff accountability. Improved financial reporting accuracy, consistency, and frequency. Established and held staff accountable for a variety of new policies.
Select accomplishments:
• Transformed the bank, in 30 months, into a high performance bank with key performance ratios consistently ranking between the 72nd and 83rd percentile compared to the bank’s National Peer Group. Key performance ratios include ROA, ROE, net interest spread, net interest margin, and efficiency.
• Built first class accounting, finance, and operations teams. Completely overhauled every aspect of financial reporting. Developed department specific operating and efficiency metrics and reports
• Reengineered deposit and loan operations and consolidated management of both areas resulting in increased efficiency and profitability.
• Initiated key service improvements to re-establish the bank’s standing in the community and restore customer confidence.
• Issued $8M in Trust Preferred Securities. Issued bank’s first private placement memorandum in one hundred years raising $5M in capital.
• Managed several construction projects including a new branch and a state-of-the-art operations center. Developed a new prototype for a customer service center designed to serve primarily as a deposit origination and customer service center.
• Established formerly non-existent spending accountabilities, including development of budgets, engaging managers in the budget process, implementing spending controls, and conducting monthly budget/variance meetings with managers.
UNITED NATIONAL CORPORATION / FIRST PREMIER BANK – Sioux Falls, SD 1998-2004
VICE PRESIDENT & CHIEF FINANCIAL OFFICER; SECRETARY
Managed all aspects of strategic business planning, financial management, information security, human resources, and policy development of the core bank and emerging lines of businesses for a $1B non-traditional community bank. Emerging lines of businesses included subprime credit cards, ATM Funding, ACH origination, lock box, and medical equipment leasing. Directed financial management and strategic business planning activities; directed human resource initiatives for nearly 2,500 employees working in four call centers and 13 branches.
Select accomplishments:
• Directed the development of strategic business plans that helped enable the Bank to grow from $286 million to $890 million in total assets in six years.
• Recognized by the ABA Banking Journal as the number one performing S-Corp financial institution in the country with assets under $1B in 2001 and 2002 and over $1B in 2003
• Ranked nationally as the 32nd largest ACH originator and 18th largest issuer of VISA and MasterCard credit card products, with over 3 million customers nationwide.
• Directly responsible for developing and managing the ATM Funding business; grew to over $40 million in funding covering 1600 ATM’s and 84 major US cities.
• Issued the bank’s first ever Trust Preferred Securities, raising $8M; assisted in the Bank’s first ever Securitization of Subprime Credit Card Receivables with a total face value of $108M.
• Managed a $292M investment portfolio, achieving a perfect portfolio rating in the third and fourth quarters of 2001 based on an evaluation performed by Vining Sparks; consistently earned superior ratings.
BRIGHT NATIONAL BANK – Flora, IN 1995-1998
SR. VICE PRESIDENT, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER
Directed all accounting, operations, retail management, human resources, and marketing functions of a $350M community bank. Managed and administered fiscal record keeping. Administered internal and external financial and regulatory reporting. Developed and maintained automated accounting systems. Developed, implemented, and executed long-term strategic plans to grow market share, achieve measured and profitable growth, and penetrate new markets.
Select accomplishments:
• Opened two new branches in Lafayette, Indiana, the bank’s first venture outside of a small community and into a major metropolitan area.
• Developed, introduced, and managed a sales culture at all branch locations. Introduced weekly and monthly calling programs. Implemented incentive programs for branch managers, tellers, and customer service representatives. Held monthly branch manager meetings to jointly discuss successes and opportunities; develop best practices for calling programs
FIFTH THIRD BANK OF SOUTHEASTERN INDIANA – Greensburg, IN 1993-1995
VICE PRESIDENT, CHIEF FINANCIAL OFFICER, SECRETARY
Heavily recruited to direct and manage the conversion of this newly acquired $550M subsidiary and direct all ongoing strategic business planning, financial management and reporting, and investment activities. Managed financial reporting, budgets, forecasting, balance sheet management, investment portfolio management; participated in corporate strategic planning sessions on a quarterly basis. Set rates for all loan and deposit products.
Select accomplishments:
• Offered the recommendation which ultimately led to the consolidation of this bank with a sister bank located in Indianapolis, IN.
PRIOR
CHIEF OPERATING OFFICER - FURNITURE OUTLETS USA, Sioux Falls, SD
Contracted to develop the newly created COO position for a privately held, full service, promotional to midrange furniture chain, operating 26 stores in four states. Directed and coordinated a full range of operational activities including accounting and finance, technology, human resources, facilities management, customer service, and inventory distribution. Developed a company wide organizational chart and a series of department specific operating and efficiency measures, and completed the start-up of a new 135,000 sq. ft. distribution facility. Engagement successfully completed three months ahead of schedule.
CPA, CORPORATE FINANCIAL CONSULTANT, Columbus, OH
Partnered with retired Chief Financial Officer of Wendy’s International, Inc. and Trans World Airlines to provide complete suite of financial services to small and emerging businesses. Principal services included short and long term strategic planning; analytical review of proposed divestitures, mergers, and acquisitions; and reorganization and turnaround services. Principal client base included retail, transportation, automotive, printing, and professional services.
CO-OWNER/GENERAL MANAGER – HOMEFIELD ADVANTAGE, Columbus, OH
Retail and direct sales of sporting goods equipment and apparel with emphasis on direct sales to primary and secondary schools, small colleges and universities and intramural leagues in a four state area. Built business from ground up with annual sales of $850K by end of fourth year with no debt.
VP CORPORATE FINANCE, DIRECTOR – CARDINAL LODGING GROUP, INC., Columbus, OH
Limited service motel development and property management company with 220 motels in 21 states.
SMALL BUSINESS SPECIALIST – DELOITTE HASKINS & SELLS – Columbus, OH
Industry specialization included real estate development, construction, and property management, light manufacturing, retail, and assisted living retirement communities.
EDUCATION & CREDENTIALS
BS, Business Administration, Accounting Major – Franklin University, Columbus, OH
Graduate School of Banking – University of Colorado, Boulder, CO
Certified Public Accountant
AFFILIATIONS
Safe Systems, Inc. – Customer Advisory Counsel
Annual Legends Sports Clinics – Co-Founder, Co-Chair
Legends for Kids Youth Foundation – Co-Founder
Junior Achievement Instructor – Personal Economics
Sioux Falls Community Development Corporation – Board of Directors
South Dakota Rural Enterprise, Inc. – Board of Directors
Academy of Finance – Advisory Board
Wellmark Blue Cross and Blue Shield – Customer Advisory Council
Sioux Empire Baseball Association – Board Member
American Legion Baseball Association – Board Member
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