Lou Dunham Email & Phone Number

Brevard, North Carolina, Us

Brevard, North Carolina, Us

For 14 + years, the CAMELSolutions credit risk professionals have assisted financial institution directors and executives address an unprecedented array of obstacles to success through the COVID-19 pandemic. Shrinking margins, liquidity issues and deteriorating credit quality can cause capital erosion while reducing stakeholder value - all under the glare of increased regulatory scrutiny. Institutions which effectively manage these challenges will realize a significant competitive edge in the present environment and beyond.CAMELSolutions assists management in building stakeholder value with expertise in balance sheet and income statement management including asset quality improvement, management effectiveness, earnings strength, bank liquidity, and balance sheet sensitivity – those areas where executive management and the board of directors must effectively exert continual direct control.

Retired

Approved by the OCC to provide interim executive leadership and to correct the deficiencies noted in a Regulatory Consent Order.Responsible for the creation and implementation of a strategic/ business plan designed to eliminate an existing Regulatory Consent Order. The plan included the need to raise $200 million in capital to cover problem assets at the bank level and to replace TARP and Trust Preferred debt at the holding company level. The secondary plan was to sell regions or divisions of the Bank or the entire Bank. Other responsibilities included the oversight of all operations and implementation of the strategic plan for a $2.7 billion bank with operations in several states including, but not limited to, Ohio, Maryland, Florida, and Michigan. Refocused the Board of Directors and Executive Management, returning the Bank to a viable, profitable, safe and sound company. The Executive implemented changes to an on-going financial statement restatement process, risk management, policies, procedures and staffing with the goal of ensuring high quality sales, credit underwriting, and recognition and disposition of problem assets. Selected accomplishments:Organized due diligence efforts with a nationally recognized Investment Banker that ultimately resulted in an LOI and subsequent acquisition and recapitalization of the BankCompleted a successful reverse due diligence on the acquiring $2.2 billion state chartered bank Organized and focused the executive bank management group and outside auditors to bring a multi-year restatement process to a conclusion (sold bank prior to completion)

Directed board meetings Worked in partnership with the chief executive to make sure board resolutions were carried out Assisted chief executive in preparing agenda for board meetings Directed search for a new chief executive Acted as spokesperson for the organization

Responsible for the oversight of all operations and implementation of the strategic plan for a $600 million OTS stock savings bank with the goal of optimizing shareholder returns while minimizing risk to company capital. Support the Board of Directors and Executive Management to assure a viable, profitable, growth oriented company. Developed and implemented a business plan to increase the bank’s size to $20 billion in 5 to 7 years with above average profitability goals. The Executive served as the company’s chief liaison with the regulatory agencies. Developed and implemented a business plan to grow a $45 million community bank into a national institution focusing on a Direct to Consumer business model. Implemented changes to policies, procedures and bank technology with the goal of ensuring high quality sales, credit underwriting and a reduction in problematic assets. Drive leadership training for senior managers while providing additional training for customer contact and lending staff. Present monthly bank performance reports to Board of Directors.

PRESIDENT, CHIEF EXECUTIVE OFFICER, DIRECTOR, February 2009 - July 2009MUTUAL BANK, Harvey, IllinoisApproved by the Board of Directors, FDIC, and State of Illinois to correct the deficiencies noted in a Regulatory Cease and Desist Order. Responsible for creating and implementing a plan for the elimination of a Regulatory Cease and Desist Order that criticized all operational and credit processes and controls within the Bank. The plan included attempts to raise capital to cover losses imbedded in the loan portfolio and return the bank to a well capitalized institution from a critically under capitalized position. Due to the severity of the pre-existing problems and the deteriorating economy the capital raise was unsuccessful. Responsible for the oversight of all operations and implementation of the strategic plan for a $1.7 billion commercial bank with operations in 4 states with the ultimate goal of optimizing shareholder returns while minimizing risk to company capital. Support the Board of Directors and Executive Management to return the Bank to a viable, profitable, safe and sound company. The Executive implemented changes to risk management, policies, procedures and staffing with the goal of ensuring high quality sales, credit underwriting, and recognition of problem assets. Selected accomplishments:• Successfully responded to the action items of a Cease and Desist Order from the FDIC and the State of Illinois through the development and implementation of appropriate policies and procedures, implementation of effective problem loan workout strategies, and hiring and training bankers to fill key management positions. • Worked with external auditors and due diligence teams preparing marketing documentation and negotiating stock purchase agreements for the recapitalization of the Bank through private offerings.

Us

Responsible for the oversight of all operations and implementation of the strategic plan of this $166 million OTS stock savings bank operating in West Virginia, Ohio and Florida. Provided support to the Board of Directors and Executive Management to assure a viable, profitable, growth oriented company. The Executive administered all aspects of corporate governance for the company while acting as the chief liaison with the regulatory agencies. Responsible for locating Florida, West Virginia or Ohio based banks or other financial institutions for acquisition. Selected accomplishments:• Developed and implemented a business plan to grow a $70 million community bank into a regional institution focusing on quality commercial and consumer business. Implemented policies and procedures throughout the company strengthen credit underwriting and reduce problematic assets. • Evaluated the bank’s core technology capabilities and developed and implemented a plan to upgrade.• Developed an implemented a business plan to increase the banks asset size to $1billion in 7 to 10 years with above average profitability goals through organic growth and through acquisitions.

The executive was responsible for a $30.0 million (capital) start-up holding company and its subsidiary, Infinity Bank NA., reporting to the Board of Directors. Administer all aspects of corporate governance for the company. Support the Board of Directors, and Executive Management to assure a viable, profitable, growth oriented public company (London Stock Exchange). Serve as the chief spokesperson for the Board of Directors with the regulatory agencies and the Wall Street community.Selected accomplishments:• Applied for a successfully received a federal banking charter from the Office of the Comptroller of the Currency, approval from the Federal Reserve Bank, and approval from the Federal Deposit Insurance Corporation. • Developed a plan to replace capital from London through a private placement of capital in the USA.• Developed and implemented a business model and plan for a national bank focusing on commercial business.

The executive officer of this $3.4 billion bank provided support to the Chief Executive Officer, Board of Directors, and Executive Management to assure a viable, profitable, growth oriented public company (NASDAQ) with consistently high quality loan portfolios and customer relationships. He directed the risk management function of the company including credit, audit, loan review, and compliance for all loan disciplines including nationwide yacht lending at First New England and factoring relationships with Spectrum Financial Corporation, both subsidiaries of the bank. Developed and implemented all credit policies and procedures for all subsidiaries. Served as Chairman of the company’s factoring subsidiary. Selected accomplishments:• Oversaw Mergers and Acquisitions, Loan Policy development and implementation, Commercial, Consumer, Mortgage, and Yacht underwriting, Credit related technology, Loan Documentation, Risk Management areas including Audit, Compliance, and Loan Review; Commercial and Consumer Workout Units, Collections, OREO disposition, and Charge Off Recovery.• Served on various committees including Executive, Strategic (Board and Management), Asset/ Liability, Management, Loan (Chair), Board Loan (Secretary), Compliance, CRA, and Technology.

The Executive Officer of this $ 2.2 billion, two bank holding company serving Vermont, New Hampshire, and Massachusetts supported the Chief Executive Officer, Board of Directors, and Executive Management to assure a viable, profitable, growth oriented public company (NASDAQ) with consistently high quality loan portfolios and customer relationships. He directed the credit administration staff of fifty and activities of the company’s $ 1.4 billion business, mortgage and consumer loan portfolios.Selected accomplishments:• Oversaw Mergers and Acquisitions, resulting in the acquisition of several banks. • Oversaw Loan Policy development and implementation for all subsidiaries, Commercial, Consumer, and Mortgage underwriting, Credit related technology, Commercial and Consumer Workout Units, Collections, OREO disposition, Charge Off and Recovery, and Loan Documentation.• Served on various committees including Executive, Strategic (Board and Management), Human Resource, Asset/ Liability, Management Loan (Chair), Board Loan (Secretary), Compliance, CRA, and Technology, Y2K, and Customer Service and Quality.

Commercial Lender

Us

Commercial Lender