CPA

ERNEST D. HUGGARD, CPA

*** **** ***** ***** ********, New Jersey 08205

********@*******.*** 609-***-****

QUALIFICATION PROFILE:

A successful executive of progressively responsible and diverse experience in accounting and financial management. Motivated, results-oriented executive with proven leadership experience in building and managing strategic business units, including professional staffs. Proficient in identifying issues and formulating solutions to financial, operational, compliance and regulatory risks. Additional core competencies include:

Financial Stewardship & Controllership Financial Management & Accounting

Financial Reporting Regulatory Reporting

Asset Management & Investment Management Technology Enhancements

GAAP Compliance & Auditing Cash Flow Management

Benefits Plans Sarbanes-Oxley Compliance

PROFESSIONAL EXPERIENCE:

Senior Vice President, Chief Mergers and Acquisitions Officer 2009 to /2010

Crown Bank, Brick, NJ

Responsible for the due diligence, acquisition pricing and complete integration of services, systems and personnel into Crown Bank. Responsibility with an FDIC assisted transaction; appointed settlement designee dealing exclusively with the FDIC in all aspects of the acquisition .Execution of substantially all processes involved for a newly merged bank. Created staffing models and consolidation strategies to maximum efficiency and overall cost savings. Managed relationships with all vendors, regulators, attorneys and consultants to ensure a successful conversion.

Organized, implemented, converted a $160,000,000 bank.

Directed processes for a successful merger

Reduced operating expenses by 50%

Director, Senior Vice President, Chief Operating & Chief Financial Officer 2007 to 2008

First Bank, Williamstown, NJ

Responsible for the design, development and execution of substantially all strategies for a newly organized bank. Created for all aspects of the bank’s financial management and staffing model. Managed relationships and executed contracts with all vendors, regulators, attorneys and consultants. Developed partner-level relationships with the Bank’s independent auditors; dialogued on new accounting standards and the bank’s strategic direction. Severed on several Board of Directors committees including ALCO, Asset Quality and Executive.

Organized, implemented, founded a new community bank with all regulatory approvals.

Directed the re-capitalization as a de-nova bank.

Managed $61,000,000 in asset growth in 1.75 years.

Senior Vice President, Chief Operating & Chief Financial Officer 1998 to 2006

Parke Bancorp, Inc. Sewell, NJ

Responsible for the financial and operational start-up of a state chartered commercial bank, including integration with affiliate systems and financial reporting processes. Responsible for the application of GAAP, the conduct of the independent audit and the preparation of the annual report, quarterly FDIC call report, SEC filings, FRB reports and monthly management reports and forecasts.

ERNEST D. HUGGARD, CPA

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Helped earn an above average return on average assets (1.40%) and equity (16%) as de-nova

Directed $375,000,000 in asset growth in 8 years.

Formed a bank holding company, issued trusted preferred securities and conducted an Initial Public Offering three years after a successful Community Offering.

Comptroller, Assistant Treasurer 1996 to 1998

Cape Bank Bancorp, Cape May Court House, NJ

Implemented Cash Management system increasing earnings

Participated as a member of interest rate risk committee and reduced interest rate sensitive liabilities by twenty-six percent.

Reorganized entire Accounting department of nine people to create a new position with-out increasing salaries.

Managing Accountant 1994 to 1996

Resolution Trust Corporation Valley Forge, PA

Coordinated due diligence for $43,000,000 loan sale of non-performing assets.

Supervised regional reconciliation of various loan sales.

Simplified and standardized accounting processes for major sales initiatives.

Controlled asset disposition of institutions

President & Chief Executive Officer 1989 to 1994

Roebling Savings & Loan Association, Roebling, NJ

Directed institution through re-regulation of FIRREA.

Increased earnings 25 fold in four years.

Strengthened capital by 200% in five years.

Doubled assets during my tenure as CEO

Lieutenant Colonel. 1979 to 2007

New Jersey National Guard

Previous assignments include command of an Armor Platoon, Company and Battalion. In addition, served as an Inspector General for 5 years in conducting investigations and supervised interagency Homeland Security and Albanian relations.

Earned 3 Meritorious awards and several achievement medals.

President 1998 to 2010

Galloway Township Board of Education

Previous assignments include Vice President, chairman of finance, negotiations and technology committees.

Generated community interest in building a new middle school couples with having the referendum approved by the tax payers.

Education

Richard Stockton College Masters of Business Studies

LaSalle University Bachelor of Science

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