ONLINE REGISTRATIONS ARE NOW CLOSED. WALK-IN REGISTRATIONS WILL BE ACCEPTED AT THE DOOR.
What happens when a bank is sold by the FDIC?
Join the Oklahoma Chapter of the TMA and the Oklahoma Chapter of the RMA (Risk Management Association) for this half-day event at the newly renovated Mayo Hotel as we hear our expert speakers discuss all the issues surrounding the sale of banks by the FDIC, responsibilities of the acquiring bank, and what is happening with the performing and non-performing assets. You will not want to miss this event!
Agenda
9:00am - 9:30am - Registration/Networking
9:30am - 10:30am - First Session will address who qualifies to be a buyer, how to get on the buyer list, how to review assets and the bidding process
10:30am - 10:50am - Break/Networking
10:50am - 11:45am - Second Session will address understanding the Loss-Share Agreement...I’ve won a bid - Now what? Let’s look at Bank Buyer Resources: Attorneys, Accountants, Advisors, Due Diligence Firms and Capital Sources
11:45am - Meeting adjourned
Click here for directions to The Mayo Hotel
Panelists
Patrick Blount, President/CEO, Benewolf LLC (MODERATOR)
Carla Brooks, Managing Director, Commerce Street Capital
Sanford Brown, Managing Partner, Bracewell & Guiliani LLP
Solomon D. Lax, Co-Founder/Managing Director, Cato Capital LLC
FDIC Representative - TBA
Bios
Carla Brooks, Managing Director, Commerce Street Capital
Carla Brooks has more than 30 years of experience analyzing financial institutions. She has extensive experience regarding cash flow analysis, capital adequacy analysis, asset quality analysis, and liquidity analysis. She is a Managing Director of Commerce Street Capital, LLC and serves as Assistant Portfolio Manager and COO for Commerce Street Financial Partners, LP, Service Equity Partners, LP and Genesis Bank Fund, LP. She is also a member of the Investment Committee of Commerce Street Income Fund, LP.
In 2009, Ms. Brooks was recognized on U.S. Banker and American Banker’s 25 Most Powerful Nonbank Women in Finance list, and was ranked No. 12. She was also selected as an honoree for the Dallas Business Journal’s Women in Business Awards as one of the region’s most outstanding woman business leaders. Notable 2008 industry accomplishments for Ms. Brooks included being ranked 13th on U.S. Banker’s Nonbank Women in Finance list. She was also a key member of the team which received the country’s first-ever shelf charter approval from the Office of the Comptroller of the Currency.
Ms. Brooks joined Commerce Street Capital’s predecessor firm, SAMCO Capital Markets, Inc. in 2002 and has played an integral role in developing the firm’s fund management business. Having built a successful career in bank regulation and oversight, Ms. Brooks was in a unique position to help create private equity funds to invest in banks.
Prior to joining SAMCO, from 1997 – 2002, Ms. Brooks was the First Vice President of Corporate Acquisitions in the Office of the Chairman of California Federal Bank, FSB. From 1985 to 1997, Ms. Brooks was with KPMG in the Regulatory Advisory Practice as well as the Corporate Recovery Practice where she has performed various investigatory financial analyses and due diligence projects. She also has extensive regulatory experience, having spent from 1978 to 1985 with the Federal Reserve Bank of Dallas where she was the manager of applications processing in the Reserve Bank’s supervision and regulation department. Ms. Brooks has operations experience in a community bank as well as a regional bank in the Midwest.
Ms. Brooks currently serves on the advisory council of the 25 Most Powerful Women in Banking™ program. She earned a Bachelor of Science degree in business and economics from Coe College in Iowa and has a Master of Science degree in finance from the University of Texas at Dallas. She is a licensed Certified Insolvency and Reorganization Accountant and also holds multiple securities licenses.
Sanford Brown, Managing Partner, Bracewell & Guiliani LLP
Sanford Brown counsels and represents financial institutions and specialty finance companies in matters involving state and federal banking laws, regulations and enforcement actions and in corporate transactions, such as mergers, acquisitions, securities offerings, holding company formations, Subchapter S corporation elections, and in matters involving privacy and identity theft.
Mr. Brown served in the Office of the Comptroller of the Currency from 1987 to 1989. His responsibilities included a wide range of matters relating to the regulation of national banks, including the development of banking policy in the areas of risk-based capital and dividends. Mr. Brown joined Bracewell & Giuliani LLP in 1993 as the head of the firm’s Dallas banks and financial institutions section and has been a partner since 1995. He is a faculty member of the Southwestern Graduate School of Banking, and is a frequent speaker at regional and national banking seminars and educational programs.
Solomon D. Lax, Co-Founder/Managing Director, Cato Capital LLC
Sol Lax was the Chief Financial Officer of the Rochkind Group, a privately owned real estate investment company. Amongst its diversified real estate holdings, the Rochkind Group is the largest owner of single family homes in Maryland. In his capacity as CFO, Sol had hands-on experience in appraisal, acquisition, financing, management, leasing and sales of real property. This experience developed his ability to find value in properties that is frequently overlooked by others. After leaving Rochkind, Sol founded and was the General Partner of CS Capital Partners, a venture capital fund that generated an upper quartile IRR for a period in the late 90’s. In his role as GP, Sol served as Chairman/ CEO for several of the fund’s portfolio companies. In this position he was responsible for the restructuring of loans, setting strategic direction and bottom line profits. Many of the underlying holdings in the fund were sold at substantial profit.
Sol co-founded and is currently a Managing Director of Cato Capital LLC, a FINRA member broker-dealer and boutique investment bank that serves the alternative investment community. Cato represents a number of alternative investment clients in raising and deploying capital. One of Cato’s areas of involvement is raising capital for investing in distressed loan pools from alternative investors.
Sol received a Bachelor of Arts degree in Economics, Summa Cum Laude from Brooklyn College and spent 7 years at BMG in Lakewood, New Jersey studying Talmud. Sol holds series 7, 24 and 63 securities licenses
Special thanks to
Patrick Blount, President/CEO, Benewolf LLC
Stephen Karbelk, President, National Commercial Auctioneers LLC, Oklahoma TMA Chapter President
Cancellation/substitution policy:
ALL SALES FINAL. NO REFUNDS OR CREDITS FOR FUTURE EVENTS.
For more information, contact: