Assistant Vice President--Special Loans Officer
Citizens Republic Bank (Now First Merit)
Novi, Michigan
Assistant Vice President, Special Loans Responsible for managing and resolving criticized and substandard assets through various loan workout strategies; primarily focused on commercial real estate and small businesses.• Generated $25.6mm of loan principal reduction and $127.7m in fees 2010-2013, resulting in Bank capital savings of 10-25%, significantly reducing Bank substandard and non-accrual loan balances, and improving profitability.• Structured forbearance agreements, facilitated loans sales, managed foreclosures and borrower bankruptcies, and collected guaranty funds from the SBA, resulting in reduced substandard loan balances and eliminating risk to the Bank,• Obtained full pay off for numerous criticized assets, which reduced Bank charge offs. Also sold several loans for a premium, resulting in a gain on sale.