CFO

MICHAEL L. ALLEN, CPA

*** **** ***** • Spencer, WV 25276

304-***-**** • **********@**********.***

Banking Executive and Financial Professional with 24+ years experience in financial leadership, business development, growth strategies, team building, loan & deposit operations, commercial & consumer lending, branch start ups & administration, ALCO, A/L management, accounting, IT, HR, profit enhancement, loan workouts, investments, ALLL, strategic planning, audit, compliance, marketing, regulatory reporting/interaction and board/shareholder relations.

ACCOMPLISHMENTS

CAPITALIZING ON GROWTH OPPORTUNITIES

 Delivered ROA of 1.29 -1.65 exceeding peer group for multiple years

 Grew loan portfolio 300%+ and assets 200%

 Drove startup operation to surpass 1st year business objectives

 Increased loan growth 40% and deposit growth 25% at established location

 Led strategic focus on business development and product enhancements

ANALYTICAL NEGOTIATING AND RESOURCEFUL PROBLEM SOLVING

 Received 100% refund and termination of irrevocable technology vendor contract

 Generated 15% annual cost savings during re-negotiation of software vendor contract

 Obtained 35% annual reduction on multi-year software maintenance contract

 Chaired Y2-K Committee of member banks; conducted public seminar; reviewed as the best by the WV Banking Commissioner

 Fostered excellent relationships with regulatory agencies

 Identified, negotiated and performed due diligence on acquisition targets

STRATEGIC LEADERSHIP AND PERSONNEL DEVELOPMENT

 Developed and instructed employee education classes improving proficiency of bank products and information technology systems

 Revised and implemented all policies, procedures, objectives, initiatives and system internal controls

 Enjoyed a direct working relationship with board of directors for 11+ years

 Strategic leader and team mentor to five senior executives and 45+ employees

 Instituted officer and manager team mentoring program resulting in improved performance

LEVERAGING EMERGING TECHNOLOGIES

 Reduced end-of-the-day processing time by 87%

 Accelerated transaction processing time 50%; improved accuracy and fulfilled new regulatory requirements

 Launched internet site and online banking capabilities

Allen, Michael L.

Résumé

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 Nurtured partnerships with technology vendors and key employees towards enhancing business strategies

• Negotiated, selected and supervised implementation of all information technology systems; core system upgrades and enhancements, check imaging, online banking, web-site, image capture and storage, loan/deposit platform systems, optical document storage, accounts payable system, communication systems, networks, servers & printers.

PROFESSIONAL EXPERIENCE

AXA ADVISORS, LLC, Charleston, WV 2002 - Present

Diversified FORTUNE Global 500 (#1) Financial Services Company with $1.8 trillion in assets and $128 billion in revenues

Financial Professional providing diversified financial management and advisory services to individual, institutional and corporate clients.

 Proficient at analyzing client’s financial circumstances to develop and implement investment, risk and wealth management solutions

 Identify business succession objectives; develop executive and employee pension and other benefit plans

 Estate planning; analyze assets and growth rates; develop and recommend estate and wealth preservation strategies

 Evaluate, recommend and monitor mutual fund, wrap, equity and bond accounts

 Top 2003 “DSF” (1 to 4 year) financial professional in the Virginia/West Virginia Branch

TRADERS BANK, Spencer, WV 1984 - 2001

Financial institution with $127+ million in assets and 4 locations

Executive Vice President/Chief Administrative Officer (1997 - 2001)

Executive Vice President/Chief Operating Officer (1990 - 1997)

 P&L responsibility for operations and expense controls, accounting systems, financial reporting, ALLL, A/P, tax provisions, payroll, business/product development, lending, marketing, information technology, regulatory compliance, and human resources

 Defined short and long-term growth strategies and cost-containment tactics; negotiated contracts; managed legal initiatives

 Restructured operations; reengineered product pricing and delivery methodologies

 Added new product offerings; revised existing product lines; opened new markets

 Managed vendor, shareholder and client relationships; effectively interfaced with federal and state regulators and other government officials

 Instituted employee incentive profit sharing program; increased customer product utilization and organization efficiency

Allen, Michael L.

Résumé

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Member, Board of Directors (1993 - 2001)

 Created and implemented strategic plan

 Authorized development and revision of all bank policies and procedures

 Approved loans above $500,000.00; set guidance lines of credit; and monitored capital

 Served as ex-officio member of all board committees

 Chaired information technology strategic committee

Vice President (1987 - 1989)

 Directed loan and collection operations; personally managed 65% of total company volume

 Reduced loan delinquency rates, loss ratios and increased recovery of prior loan losses

 Streamlined operations; reduced overhead; improved processes and procedures

 Improved financial and reporting capabilities through technology enhancements

 Increased productivity and performance after designing customer service/technology training programs

Various Successful & Progressive Officer Positions (1984 -1987)

TRADERS BANKSHARES, INC., Spencer, WV 1990 - 2001

Bank holding company

Member, Board of Directors (1993 - 2001)

 Developed & revised all policies and procedures

 Liaison to 400 shareholders

 Adopted long-term dividend policy

 Monitored subsidiary financial performance; declared quarterly and annual dividends

Treasurer (1990 - 2001)

 Oversaw company’s liquidity, accounts payable, budget and cash flow

 Solicited bids for multi-year audit package; evaluated bids, reviewed qualifications, interviewed bidders, narrowed choices and advised board during selection process

 Selected vendor and supervised conversion and implementation of shareholder reporting software

 Reviewed and verified annual audit; preparation and mailing of annual shareholders report, meeting notice and proxy statements

 Implemented strategies to increase market value of common stock

 Distribution of dividends; year-end 1099 reporting

 Preparation of periodic external financial reports filed with federal and state regulators

 Modified systems and processes to meet changes in accounting, financial reporting and regulatory accounting pronouncements

Allen, Michael L.

Résumé

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EDUCATION, TRAINING CERTIFICATES, LICENSES, ETC.

Meet or exceed annual Continuing Professional Education requirements for:

Certified Public Accountant, West Virginia, 1987 – present

NASD Securities Licenses, Series 7 and Series 66, 2002 – present

Variable Insurance Licenses, State of WV, Ohio and California, 2002 – present

Navi-Plan Financial Planning certified – corporate and personal

Annual Banking CEO/CFO training seminar sponsored by the West Virginia Bankers’ Association & The

West Virginia Society of CPAs

Multiple seminars, workshops and training sessions on various banking, leadership/management,

financial and information technology topics

Consumer Bankers Association Graduate School of Retail Bank Management

University of Virginia, Charlottesville, VA, 1990

BA, Business Administration, with concentrations in accounting, management &

economics, Glenville State College; Glenville, WV 1984

PROFESSIONAL ASSOCIATIONS, COMMUNITY INVOLVEMENT

West Virginia Bankers Association

West Virginia Society of CPAs, past Chairman Financial Institutions Committee

American Institute of CPAs, Key Congressional Member Contact Committee

Glenville State College Institutional Board of Advisors, past Chairman and Member

West Virginia Black Walnut Festival, past Executive Director, President and Treasurer

Spencer Rotary Club, former Director and President

Political Committees Treasurer

Economic Development Authority

Chamber of Commerce

Raiders Uniform Fund Drive, former Chairman

Spencer Middle School Improvement Council

National Association of NCR Financial Users Group

Great Lakes Technology Users Group

Cooperative Users of Banctec Systems

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