To start the new year, the RMA Atlanta Chapter had a great kick-off luncheon covering a lively economic address. Discussions included consumer economy, global slowdown, trade wars, unemployment, earnings, etc. and was moderated by Mani Swarnam, VP at Georgia Primary Bank. In addition to the informative discussion, the event also featured great networking opportunities, a great lunch and dessert!
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In September, RMA Atlanta Chapter hosted a lunch event featuring Denny Summers of Taylor English Duma LLP, who discussed ESOP transactions and implications for the financial services industry. In addition to the presentation, RMA Atlanta Chapter recognized RMA Atlanta member and former RMA board member, Mr. Richard McCrea, from Fidelity Bank. Mr. McCrea has been a long-time member and supporter of the RMA Atlanta Chapter. During this informative Lunch & Learn, Ms. Hanson gave an overview of construction loan risk with a focus on items used to mitigate that exposure. She discussed the different components of construction loan monitoring, including plan and cost reviews, inspections, and funds control disbursement and provide more details on the construction drawings, contracts, costs and schedules. For Further Information regarding Construction Loan Risk, Ms. Hanson can be reached at 1-888-453-4531. Ms. Hanson has been involved in numerous aspects of the construction industry for over 20 years. Her experience at GLE initially involved serving as a Project Administrator in GLE’s Construction Services division. She later moved into the Building Assessment and Construction Consulting Division and now serves as the Construction Consulting Services Manager. In this capacity, Ms. Hanson serves as a client manager for many of GLE’s financial institution clients, monitoring construction loan activities for more than 30 national, regional, and community-based lending institutions. Ms. Hanson has been a member of the National Association of Women in Construction (NAWIC) since 2006. She currently serves as President on the Tampa Chapter Board and is the National Secretary on the national board. She is also a Trustee on the NAWIC Education Foundation Board. Additionally, Ms. Hanson is an adjunct instructor at a local college teaching courses in Construction Management. Fireside Chat regarding Bitcoin Banking and Blockchain and CryptocurrencyDiscussions with: Stephen Pair, CEO of Bitpay and Austin Mills with Morris, Manning & Martin Austin Mills is an attorney in Morris, Manning & Martin’s Corporate Technology Practice and the Chair of the Blockchain and Cryptocurrency Group. His primary areas of concentration include technology transactions, blockchain, cryptocurrency, payments, financial technology and privacy and security. Austin has advised several clients in connection with Token Sales/ICOs and other blockchain-related initiatives, such as cryptocurrency issuance, smart contracts, decentralized applications and exchanges. In May RMA Atlanta Chapter hosted a fireside chat with Mr. Stephen Pair, CEO of Bitpay and Mr. Austin Mills with Morris, Manning & Martin. At the root of the discussion was a White Paper, written by Satoshi Nakamoto, in 1997, regarding Bitcoin: A Peer-to-Peer Electronic Cash System. Click here for a link to the White Paper to learn more. https://www.figpartners.com/company/team/christopher-marinac/ In March, Mr. Marinac with FIG Partners gave a presentation about the Economic Update in Atlanta. Chris Marinac Senior Managing Principal & Director of Research FIG Partners Mr. Marinac co-founded FIG Partners in 2003 with Geoff Hodgson and Adam Desmond and is responsible for the firm's equity research department. Mr. Marinac has been a research analyst since 1992, covering banks, thrifts, REITs, and finance companies during his career. Mr. Marinac is a two-time winner of The Wall Street Journal "Best on the Street" survey and noted by Institutional Investor magazine as an "Up and Comer" during several annual investor polls. Prior to FIG, Mr. Marinac served as senior research analyst at The Robinson-Humphrey Co., SunTrust Robinson Humphrey, and Interstate/Johnson Lane (now Wachovia Securities). Mr. Marinac graduated Summa Cum Laude from Kent State University and is a CFA charterholder. The December RMA Atlanta dinner meeting in December was a joint meeting with Financial Executives International (FEI) on December 5, 2016 entitled: 2017 Economic Update with Dr. David Altig , Executive Vice President of the Federal Reserve Bank of Atlanta. Dr. Atig focused on the outlook of the new Administration.
Letter from the 2016-2017 President, John Frierson, CRC:
I am excited to take on the role of president for the RMA Atlanta Chapter for the 2016:2017 year. I would like to thank Joe Pegnia for his leadership over the last twelve months. At our most recent RMA Annual Conference we heard about the struggle of lenders in this current environment to effectively balance the risk return paradigm. With our low growth environment, the need for more profits is driving lenders to sacrifice underwriting standards for loan growth. This is a troubling development that must be addressed with a return to the basics. In that vein, will be focusing on a return to the basics at RMA Atlanta with a focus on education and networking. We will be introducing a homegrown lunch and learn series headed up by Past President, Lissette Rivera-Pauley. Please do not hesitate to reach out if there is a topic you would like to hear more about. A little background on me. I have been the RMA Atlanta Chapter Programming Chair for the past three years. I have also been involved with RMA on a national level, and attended the Chapter Leaders Conferences in Indianapolis and Phoenix. Additionally, I authored an article for the RMA Journal in March 2016, entitled Understanding Supply Chain Finance. Needless to say, RMA has been a vital source for me in developing my professional skill set and relationships. RMA has allowed me to build numerous relationships with chief credit officers, policy makers, subject matter experts, and various other professionals. I encourage anyone who is interested in developing their own skill set or network to reach out and we will get you plugged in. Thanks here’s to a great year to come. John R. Frierson, CRC Senior Vice President, Corporate Banking Synovus Bank Mr. Brian Bailey with the Federal Reserve Bank of Atlanta presented a CRE Update to the RMA Atlanta Chapter in May. Mr Bailey is a Senior Financial Policy Analysis in the Supervision and Regulation Division of the Federal Reserve Bank of Atlanta. In case you missed his presentation or would like to review the information discussed, a copy of the presentation is provided below.
Click on the link below for a copy of the presentation: One of Atlanta RMA's own, Mr. John Frierson, CRC, had an article recently featured in The RMA Journal, April 2016 edition. The insightful article was Part 2 of 2 on a discussion regarding Understanding Supply Chain Finance. RMA Members can download a copy of the journal here.
John is a senior vice president and corporate banker at Synovus Bank in Atlanta, Georgia. He is first vice president of the RMA Atlanta Chapter, and a member of the RMA National Chapter Leaders Conference Steering Committee. April's meeting featured Mr. Ed Kofman, who opened with a good joke, and then proceeded to discuss the risks and benefits to community banks in using hedges to offer commercial loans. We also covered credit, interstate rates, prepayment, and sales benefits and risks. Ed also discussed the "potato slide" and various options for community banks and a view to practical commercial applications. A copy of his presentation can be downloaded here. Mr. Ed Kofman is the Managing Director and Head of Loan Trading and Hedging at CenterState Bank of Florida NA. Mr. Kofman served as Managing Director of Banc Investment Group, LLC. and Pacific Coast Bankers' Bank. Mr. Kofman has over 20 years of experience in the financial services industry. He served as Financial Risk Manager of Wells Fargo Bank's Capital Markets group. He was responsible for the production of capital allocation tools and risk-adjusted return on capital models at Bank of America. He served as a Credit Loan Officer and Director of Corporate Finance Group at Scotia Capital and Bank of Nova Scotia. He has banking experience and practiced corporate/commercial law. He holds FINRA certifications including a Series 7 and 63. Mr. Kofman received his Bachelor of Science from the University of Toronto and has joint MBA/JD from York University. He holds a CFA designation. |
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January 2019
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