Please join us for the second episode in our series: The Chief Credit Officers Speak. Our panelists, from Rockland Trust, Eastern Bank, Brookline Bank and Boston Private, will look at issues currently in flux. The discussion will include:
- SBA PPP Loan Forgiveness – Learn the latest on the processes for submitting decisions on PPP borrower loan forgiveness applications.
- Main Street loans – concerns over the borrowers’ continued creditworthiness.
- Risk Ratings – are you downgrading now? Waiting for more permanent signs of deterioration?
- ACL/ALLL – how is it going?
- Hot Topic – the return to payment from deferral status.
- Lending by Industry: Which industries are thriving? Which are failing? What is the plan to mitigate/write off losses?
- Regulatory Reviews
- Delinquencies – the ABA reported that Closed-end loan delinquencies rose in the first quarter – what does the current environment look like?
- Workouts – how are banks handling their “special assets” in the current market? Hear the latest about TDR/CARES Act Modification and interagency guidance on TDR’s in conjunction with the FFIEC joint statement.
Panelists:
Dan Sullivan, EVP and Chief Credit Officer, Eastern Bank
Dan Sullivan, EVP Chief Credit Officer for Eastern Bank, manages teams that are responsible for credit approval across all loan portfolios including commercial, consumer and residential. Dan maintains and recommends adjustments to Risk Acceptance Crtiteria, monitors portfolio administration via loan review function, has primary responsibility for asset quality across $10B portfolio, oversees problem loan resolution and, along with finance, manages the ALL processes for the Bank.
Bob Buffum, SVP, Chief Credit Officer, Boston Private
Mr. Buffum joined Boston Private Bank in 1997 as a commercial lender, bringing 20 years of experience in middle market business banking, commercial real estate lending, credit administration and asset management. Mr. Buffum was promoted to Boston’s Chief Credit Officer in 2001, responsible for establishing and maintaining the strong credit principals of the organization. In 2006, he assumed the role of Chief Risk Officer for the Boston banking operation and in 2010 took on the role of Chief Credit Officer for the Boston and the West Coast offices, overseeing the commercial, residential and private banking loan portfolios.
Mr. Buffum is a graduate of Trinity College, Hartford with a BA in Economics, and received his MBA from Bryant University.
Bob Rose, Chief Credit Officer, Brookline Bank
Bob Rose joined the Company in 2009 and presently serves as the Company’s Chief Credit Officer. From 2000 until 2004, Mr. Rose was the Chief Credit Risk Management Officer of Sovereign Bank, and from 2004 until 2009 he served as the Chief Risk Officer of Sovereign Bank. Prior to his tenure at Sovereign Bank, Mr. Rose held senior credit and risk management positions at Bank of Boston/Fleet Bank and BayBanks, Inc.
Mr. Rose has served as Chairman of the Board of Directors of the Risk Management Association, been a member of the Executive Committee of the Risk Management Association, and currently is Chairman of the Board of the Risk Management Association Foundation, a not for profit association for the development of banking curriculum and education, and granting scholarships and grants to undergraduate and graduate students entering the banking industry.
Mr. Rose serves on the Board of Directors of The Lyric Stage Company of Boston and serves as its Treasurer.
Mr. Rose earned a bachelor's degree and a Masters of Business Administration from Babson College as well as a Certification in Advanced Risk Management from The Wharton School at the University of Pennsylvania.
Katie O’Malley, SVP and Chief Credit Officer, Rockland Trust
Katie has over 30 years of experience in commercial banking, having been a lender in C&I, CRE and Construction, at Bank Boston and USTrust, a consultant with various regional banks on underwriting and deal structure, and the last ten years has been at Rockland Trust as a Credit Officer, managing underwriting, appraisal and environmental review, credit administration, and loan workout.
Ms. O’Malley holds a Master’s Degree in Finance from Boston College, and a Bachelor’s degree from Wheaton College.
Moderator:
Giulio Camerini, CRC, Senior Manager, Crowe LLP
A regulatory compliance leader focused on client service, Mr. Camerini works closely with financial institution boards of directors, audit committees, and management teams to assess areas of concern, emerging issues, and complex regulatory situations. Through his career, Mr. Camerini has had the unique opportunity to serve and consult with over 500 financial institutions across the US, including banking institutions, credit unions, farm credit associations, and insurance companies. These organizations have a range starting with de novo to organizations with assets exceeding $100 billion USD.
Mr. Camerini has authored multiple publications on the topic of credit and is a regular speaker and presenter for various webinars, national conferences, training events, and roundtables. Areas of focus include loan review (cosourced and outsourced), due diligence, credit administration department consulting, loan review department consulting, loan review and credit software, and allowance review.
Prior to joining Crowe in 2008 time was spent working for various national banks including ABN Amro LaSalle Bank n/k/a Bank of America and Fifth Third Bank. Within these organizations time was spent covering a wide range of products including, but not limited to, complex and niche borrowing arrangements.
Date: Monday, October 26, 2020
Time: 1:00 pm – 2:30 pm
Place: Zoom
Registration: Free
Submit your own questions when you register for this critical and timely panel discussion!
Register here: https://rmahq.zoom.us/webinar/register/WN_quN8hHr3ReOPmkaRSCjgmw
After registering, you will receive a confirmation email containing information about joining the webinar.
For more information contact:
Julie Conroy, RMA Administrator
Julie@rmanewengland.org