Where:
Union League Club
Colonial Room (#830)
65 West Jackson Boulevard
Chicago, IL
Time:
11:30 a.m. Complimentary lunch
12-1:00 p.m. Panel discussion
1:00 p.m. Q&A
1:30 p.m. Event concludes
Seating is Limited.
Please RSVP by Aug. 31 to Behof Business Communication and Training, LLC at info@kittybehof.com or
(773) 771-8377
This event is open only to community bank management and/or ownership.
Join Us:
Meet our best-in-class team of leading banking and real estate experts who have developed proven integrated strategies to reduce non-performing assets, improve capital ratios and maximize capital-raising success.
Special Guest:
David G. Schroeder, VP of Federal Governmental Relations at the Community Bankers Association of Illinois, will discuss how the new financial reform legislation will affect community banks.
Wednesday, Sept. 8, 2010
It’s Time to Take Control of NPAs and Return to Capital Strength
Leading community banking experts Michael Iannaccone of MDI Investments and Justin Barr of Loan Workout Advisers, architects of the recent rescue of Family Federal Savings of Illinois, present a panel discussion by leading banking and real estate professionals on up-to-the minute regulatory and market intelligence. The panel also will discuss proven strategies that are working in the current market cycle to reduce the capital impact of non-performing assets and maximize capital-raising success.
Our proven integrated approach to NPA and capital issues allows bank clients to:
- Set and defend reserve and charge-off levels on NPA portfolios to regulators.
- Set and defend the capital impact of NPA portfolios to capital investors.
- Make informed NPA selling decisions and maximize selling prices.
- Raise capital with minimum dilution to current ownership.
Financially-Engineered NPA and Capital Solutions
The imbalance between the need for capital in the community banking space and capital available to community banks has never been greater. Attracting capital on reasonable terms requires new and creative solutions that fully integrate non-performing asset and capital strategies.
To accomplish recapitalization goals in this difficult market, MDI leverages a proven team of veteran professionals in the areas of loan workout consulting, REO brokerage and auction and loan sale advisory to selectively reduce NPA levels and improve regulatory capital ratios before approaching today’s fickle private equity market. The result is a dramatic improvement in a bank client’s capital-raising success, with minimum dilution to current ownership.
Over the course of his 25-year career, Michael Iannaccone has focused exclusively on the community banking market in a variety of roles, from equity research to corporate finance advisory to capital raising. He has lead numerous engagements at well-established Chicago and Wall Street investment banks and broker/dealers including Performance Trust Capital Partners, Howe Barnes, Fox-Pitt Kelton, Keefe Bruyette and Woods and Adams Cohen Securities. Michael has raised over $2 billion in capital for community banks and completed dozens of M&A transactions. As a community banking expert, Michael is often quoted in the financial media.
Founded in 1994, MDI Investments, Inc. focuses exclusively on the community banking industry. MDI’s specialty is helping community banks raise capital in the context of non-performing asset and regulatory issues by creating financially-engineered strategic frameworks that address both capital and NPA issues.
For more information, go to www.mdiinvestments.com.
Cutting Edge Defense of NPA Values and Regulatory Capital
Close management of regulatory capital levels has never been more important as bank regulators mandate ever-higher reserves and charge-offs while potential bank investors take an increasingly punitive view of the capital impact of NPA portfolios.
Loan Workout Advisers successfully combats these challenges through superior credit analytics and unrivaled regulatory and market credibility. Our market leading analytical work product enables bank clients to fully articulate and defend NPA portfolios to bank regulators and potential capital investors alike, yielding a distinct competitive advantage and maximizing the chances of capital-raising success.
In addition to nearly a decade of experience in middle-market commercial and real estate lending, Justin Barr has spent the last 10 years exclusively focused on loan workout and community bank turnaround projects. His background, credibility and extensive industry knowledge and experience make him uniquely qualified to help community banks facing asset quality and capital issues.
Justin began his commercial lending career with LaSalle Bank and Bank of America. His commercial and real estate secured loan workout experience includes senior positions with money center banks Harris, N.A. and Credit Agricole, S.A. He is widely recognized as an expert on community banking and is often quoted in the financial media.
For more information, go to www.loanworkoutadvisers.com.
Conventional REO Brokerage
Chris Feurer, CEO of Jameson Real Estate, is one of the most active and innovative REO brokers in the greater Chicago market. With over $1 billion in real estate sold over the last decade, Chris is an established expert in the field and brings his extensive knowledge and proven track record to bear on bank client REO problems. The result: creative, outside-the-box solutions.
Chris has built Jameson Real Estate on a multi-faceted platform that incorporates both high-end and distressed residential and commercial properties for banks and real estate investors and developers. Jameson’s mission is to utilize the company’s extensive experience and expertise to provide the most effective marketing strategies in the market. A key to Jameson’s success lies in its proprietary, innovative and award-winning marketing and design teams that consistently develop uniquely effective solutions to even the most challenging REO marketing and sales assignments.
In addition to his numerous sales awards and accolades, Chris is a noted panel speaker and trusted advisor to banks, investors and developers alike.
For more information, go to www.jameson.com.
REO Auction
Chicago based Rick Levin & Associates, Inc. (RLA) is one of the most active REO auction services providers in the country, having completed over 1,000 successful bank REO auctions within the last twelve months. As a result of this experience, RLA brings up-to-the-minute market intelligence to the design of realistic and effective auction strategies for REO properties. A key to the effective use of auction in the REO space depends upon choosing properties that will achieve the most favorable results in the current market environment and therefore meet bank sellers’ price objectives in the context of an overall capital-raising plan.
Rick Levin has a 20-year track record of successfully auctioning REO for banks and nearly $500 million in real estate sold. His value added approach to complex REO issues is shown by his design and successful utilization of unique auction models including:
- Multi-bank auctions that minimize marketing expenses for each bank while maximizing market exposure. The result: higher selling prices and lower expenses.
- Lender-directed auctions where cooperative borrowers are encouraged to voluntarily contribute properties to auction in exchange for tailored settlement agreements. The result: avoidance of the discount inherent to note sales and a dramatic shortening of the time to cash recovery.
Rick’s effectiveness in the REO auction space is evidenced by countless satisfied bank clients.
For more information, go to www.ricklevin.com.
Loan Sale Advisory
Selling real estate secured loans is increasingly becoming a key strategy for improving NPA levels and enhancing capital-raising success. With foreclosure more time consuming and costly than ever and prices improving in the secondary loan market, selling a loan can yield a better recovery outcome than foreclosure.
As one of the largest and most successful loan sale advisors in the country, Holliday, Fenoglio, Fowler, L.P. (HFF) has crucial capital markets relationships and a national platform to achieve the highest possible selling prices for bank clients. Furthermore, as one of the most active advisors in the space, HFF brings extensive proprietary price intelligence to critically important hold/sell decision-making.
With over 20 years of experience in commercial and investment banking, Bill Mitchell manages HFF’s national distressed loan sale advisory platform. His prior experience in the secondary distressed loan market is extensive and includes over $2 billion of loan sale advisory transactions over the last 12 years as both principal and agent.
For more information, go to www.hfflp.com.