David Miller Email & Phone Number

Baltimore, Maryland, United States

Washington Dc-Baltimore Area

Mooddai International Bank (in formation) ("MIB") is a de novo minority depository financial institution designed to serve the Ethiopian American community.

Elkton, Maryland, United States

Chief Financial Officer / Executive Vice PresidentChief Financial Officer (December 2020 to 2023) for long-troubled commercial bank. Part of new management team installed to increase shareholder value by returning the Bank to profitability, increasing capital levels, significantly reducing existing OREO and non-performing assets, upgrading systems, hardware, and software and, ultimately, gaining release from the Federal Reserve Bank’s Written Agreement. These tasks were completed by the fourth quarter 2022 nearly on target versus our original business plan and financial modeling.Highlights and contributions:• Gained release from the Federal Reserve Bank’s (“FRB”) Written Agreement in 4Q 2022.• Responsible, with Executive team, for raising $10.0 million in equity, ensuring well-capitalized status, and allowing for necessary loan growth to achieve profitability.• Returned profitability (Dec 2021, after 10+ years) eliminating $300.0 thousand in losses per month.• Decreased OREO to approximately $200.0 thousand from approximately $19.0 million.• Reduced Non-performing Assets to approximately $200.0 thousand from $1.2 million by 2Q 2023.• Recaptured approximately $9.3 million Deferred Tax Asset which increased capital levels by approximately $1.0 million and Tangible Book Value by $0.60 per share.• Responsible for reducing investment portfolio’s risk to market value adjustments prior to massive 2022 Fed rate increases with a $13.0 million break-even sale in December 2021.• Implemented CECL methodology. Responsible for moving corporate headquarters. Upgraded all system’s hardware and software as required by FRB. Changed and upgraded ALM providers. Brought Business Continuity / Disaster Recovery plans into compliance. Led Loan Stress Test implementation team and improved loan concentration reporting.

Columbia, Maryland, United States

Chief Financial Officer / Executive Vice PresidentChief Financial Officer (January 2020 to December 2020) for de novo commercial bank including a national residential mortgage lending operation and national deposit gathering unit. Primary financial interface with the Federal Deposit Insurance Corporation and the Office of the Commissioner of Financial Regulation for the State of Maryland to gain approval of business plan and financial model. Highlights and contributions:• Participated in investor roadshows to source primary capital needed to open of the Bank. • Created financial model and business plan used to obtain approval from various regulators.• Responsible for establishing the internal control structure and the development of the capital and liquidity management plans. • Identified and engaged internal and external auditors and worked to complete audit programs.• Determined appropriate general ledger, ALM and FDIC Call report providers, among others.• Managed at-risk capital and expense budget.

Laurel, Maryland, United States

Treasurer / Senior Vice PresidentTreasurer (February 2018 to January 2020) / Controller (February 2017 to February 2018) (newly created positions) for $2.3 billion commercial bank. Responsible for integrating, training, and managing newly formed staff (average employment tenure of approximately four months) as result of two mergers in previous eight months. Directed accounting operations including GAAP financial reporting, implementation and execution of internal control structure, and management reporting. Responsible for investment, liquidity, and capital management, as well as, the ALCO process and cash flow forecasting. Highlights and contributions:• Fully integrated new employees into Revere Bank’s culture and internal control structure. • Implemented deposit reclass as part of the FRB’s Reserve Requirement process increasing income approximately $1.2 million, annually.• Decreased item processing and FRB account management costs by migrating processing to the FRB.• Developed bank-wide cash flow forecasting model including core deposit and loan activity.

Perry Hall, Maryland, United States

Chief Financial Officer / Executive Vice PresidentChief Financial Officer (newly created position) for $800.0 million Federal Savings and Loan Association. Directed accounting and finance operations including GAAP financial and regulatory reporting, strategic and financial planning, investments, asset liability risk management, and liquidity and cash flow forecasting. Responsible for the wire transfer and accounts payable departments.Highlights and contributions:• Improved audit and regulatory compliance with implementation of management ALM process.• Gained board approval and began implementation of an investment strategy to improve compliance with board defined interest rate risk management limits.• Implemented bond accounting and analytics systems to properly account for GAAP-defined level yield accounting and to assist in the analysis of the interest rate risk profile of the investment portfolio.• Produced and gained annual approval for Association’s strategic plan and budget.

Germantown, Maryland, United States

Chief Financial Officer (newly created position) for $400.0 million community bank which had its initial public offering in January 2010. Provided fiscal, strategic, and operational leadership to manage the Bank through the new and complex legal, regulatory, and accounting landscapes attributable to publicly traded institutions. Directed accounting and finance operations including SEC regulatory and GAAP financial reporting, asset liability risk management, strategic and financial planning, and liquidity and cash flow forecasting. Responsible for improved financial metrics resulting from new product development, efficiency improvements, and appropriate product pricing.Highlights and contributions:• Successfully directed initial public offering of $45.0 million in equity capital. • Developed and implemented efficient and effective regulatory and GAAP reporting regime in response to Bank’s initial public offering, including Forms 10-K, 10-Q, and quarterly earnings release, the annual report, and FDIC Call reports.• Protected $300.0 thousand in net-interest margin, annually, and $6.0 million in performing and valuable assets using proprietary model designed to analyze and facilitate restructuring of the balance sheet.• Facilitated the reorganization of the Bank’s leasable property resulting in an increase of approximately $200.0 thousand in non-interest income, annually.

Baltimore, Maryland, United States

Investment & Funding Manager / Senior Vice President – 1995 to 2009Led staff responsible for Bank’s $1.5 billion investment and $1.5 billion borrowed money portfolios and the Treasury credit function. Developed and implemented portfolio strategies designed to improve economic fundamentals including; ROA, ROE, and credit, interest rate, prepayment, and duration risks. Established staff development and performance management techniques to ensure continued improvement, growth, and advancement of employees. Highlights and contributions:• Increased portfolio revenue by approximately $6.0 to $10.0 million, annually.• Reduced funding costs by .25% or approximately $4.0 million, annually.• Managed team of credit analysts monitoring and analyzing the tax-exempt municipal, corporate, CDO, and non-agency MBS portfolios using IntexNet, Bloomberg, and internally developed models.• Member of the Asset Liability, Retail Deposit Pricing, and Retail Loan Pricing committees.• Built liquidity management function to include systemic monitoring of forecasted funding needs, contingency planning reserves, and asset-side liquidity. • Decreased funding expense by $2 million per year with optimization of liquid non-earning assets.• Member of the corporate quality committee tasked with implementing efficiency improvements.

Baltimore, Maryland, United States

Money Market Trader / Treasury Officer – 1991 to 1995Provided short to medium term funding and trading income for Bank of America's Mid-Atlantic region. Manager Domestic Operations / Assistant Treasury Officer – 1989 to 1991Managed staff responsible for reporting, accounting, and control of funding and investment activity. Treasury Division Senior Projects Coordinator – 1987 to 1989Designed, developed, and implemented Treasury Division accounting and operating systems.

M.S., Finance

B.S., Finance