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CASE STUDY: WHERE'S THE MONEY? WHAT WILL BANKING LOOK LIKE? Credit and funding in an altered financial universe... Perspectives from Senior Bank Executives and a Former Regulator and Financial Institution Consultant
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Date:
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April 21, 2010
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Time:
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5:30pm to 7:30pm
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Location:
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 Ruth's Chris Steakhouse
3900 Paradise Road
Las Vegas, NV 89101
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TMA Nevada's April Program will focus on the current and critical issues of credit and funding and how banking is changing. The recent systemic challenges to the financial universe have dramatically altered the landscape for businesses that rely on credit to operate and grow. Find out how the situation looks from the inside from professionals who deal with funding issues every day. So far our line up includes: Bank of Nevada CEO, Bruce Hendricks, Financial Institution consultant and former FDIC examiner, Cory Schwab, and we will have one other senior executive versed in asset-based lending, conduct a panel discussion that is sure to be interesting, insightful and useful for anyone who does business in today's evolving financial environment.
Panel member Bruce Hendricks, CEO of Bank of Nevada, is a 37-year banking veteran who began his career in Las Vegas in 1969. He previously served as executive vice president and regional president of the Sahara Regional Office of Bank of Nevada. Active in the community, Hendricks is a former president and member of the board of directors of the UNLV Alumni Association. He is also a past president of the Las Vegas Central Rotary Club and a former board member for the Academy of Finance at Clark High School.
Cory Schwab founded One Consulting in response to the need he saw for financial industry expertise in the western and southwestern United States. He has more than 12 years of industry experience, including previous consulting work with RSM McGladrey. As a consultant, he was responsible for managing compliance with the Bank Secrecy Act and lead and participated in audits and reviews for financial institutions ranging in size from $40 million to over $50 billion. Prior to joining RSM McGladrey, Schwab served as a safety and soundness examiner with the Federal Deposit Insurance Corporation in its Kansas City, San Francisco and Phoenix offices. During his eight-year tenure, he assisted financial institutions in the development of operational and regulatory controls and monitored compliance with regulations and enforcement actions.
Stay Tuned for Our Third Senior Voice.
Join TMA Nevada for the discussion on Wednesday, April 21, 2010, at Ruth's Chris Steakhouse, 3900 Paradise Road, Las Vegas, NV, 89101 from 5:30 to 7:30 pm. The cost is $30 for members, $40 for non-members. Registration includes complimentary appetizers. For more information and online registration, go to www.tmaofnevada.com
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Standing Room Only at TMA Nevada's March Breakfast with
Jon Ralston and John Restrepo
Every seat in the house was taken as TMA members and guests gathered for the annual Breakfast Roundtable on March 24, 2010. Jon Ralston, political columnist and host of KVBC's "Face to Face, and John Restrepo, founder of Restrepo Consulting Group LLC, presented their perspectives on Nevada's economy, its prospects for growth, and the recently concluded Special Session in Carson City.
The discussion was lively and broad in scope. Ralston pointed out that the session failed to address the long-term issues generated by Nevada's extremely limited tax base. Although legislators may have found some dollars to plug the estimated $3.5 billion dollar deficit, Ralston believes that the real debate needs to be about Nevada's values. It's only then, he says, that we can develop comprehensive policies to support and finance the community vision.
Restrepo talked about the lack of economic diversity and fiscal flexibility in the state, partly because of the enormous success of the resort industry. The current economy is demonstrating the severe limits of Nevada's reliance on a few major players. He thinks it's not just a tax base issue. Nevada also has failed to invest in needed social infrastructure like education, which will inhibit growth and diversity for years to come.
Both Ralston and Restrepo agreed that the real issue is leadership, in both the public sector and in the business community. TMA participants raised many other considerations, including the role of organized labor, the partisan nature of politics in Nevada, and the critical importance of small business as an engine for economic growth.
As time ran out, a consensus developed around the critical role that community members and business people can play to bring about positive solutions to Nevada's many challenges. Although, because of its national charter, TMA can have no official involvement, an ad hoc group is now forming to further explore the issues identified during the discussion and to determine courses of action. If you are interested in being involved in this important community and business sector initiative, please contact Pamela Ring at Pamela@ringretailadvisory.com.
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Paul Cunningham (top left): Paul Cunningham is the founder and president of J.P. Cunningham Co., a business consulting firm that focuses on supplying companies with the knowledge necessary to be successful in an ever-changing business environment. The firm offers a flexible consulting approach and a menu of services to support its client's organizational development needs. J.P. Cunningham associates have at least 25 years experience in various industries including banking, aerospace, engineering, aircraft manufacturing, electronics, spacecraft composites, defense, metal finishing, industrial valves, industrial process equipment, aluminum and fiber extrusion and building products. Their depth of experience and foundation in solid business fundamentals allows them to quickly understand the client's needs and develop cost effective solutions. The firm is focused on helping leaders develop and implement the strategies, plans and behaviors necessary to achieve their business objectives while building a cohesive management team. To learn more about Paul, view his website.
Laurel Davis (top right): Laurel Davis is a director with the Fennemore Craig law firm. She practices in the areas of business bankruptcy, debtor rights, creditor remedies, commercial litigation, workouts and restructures. She is one of the founding board members and the former co-chair of the Nevada State Bar Bankruptcy Section, and a member of numerous bench/bar committees for the U.S. Bankruptcy Court and the U.S. District Court for Nevada. Davis is a member of the American Bankruptcy Institute and is board certified in Business Bankruptcy Law by the American Board of Certification. She is a Master in the Howard McKibben Inn of Court. Davis is listed in Best Lawyers in America in Bankruptcy and Creditor-Debtor Rights Law. She is rated AV, the highest rating available, by Martindale-Hubbell. Davis served a three-year term as a lawyer representative to the Ninth Circuit Judicial Conference, served a term as co-chair of the Nevada Delegation and was a member of the governing Lawyer Representative Coordinating Committee. Ms. Davis serves as coordinator of the Western Region for the Bankruptcy Practice Group of the State Capital Global Law Firm Group. Ms. Davis frequently writes and lectures on bankruptcy, debtor rights and creditor remedies. To learn more about Laurel, view her profile.
Matthew Forstadt (bottom left): Matthew Forstadt is of counsel with the law firm of Kolesar & Leatham Chtd. He holds an AV rating from Martindale Hubbell and practices primarily in the field of civil litigation with an emphasis on all aspects of commercial relationships, lender's liability, commercial workouts of "troubled" loans, and real estate matters including real estate priority disputes, foreclosures and inverse condemnations. He has served as a designated arbitrator for the American Arbitration Association, as a Connecticut Superior Court attorney trial referee and as a special master for the federal courts in Connecticut. He is a member of the bars of the states of Nevada and Connecticut, the District Court of Connecticut, Nevada and Wisconsin, the Second, Fourth and Seventh Federal Circuit Courts of Appeal and the United States Supreme Court. He is also a member of the Raymond Baldwin Chapter of the Inns of Court. Forstadt published a monograph on debtor/creditor secured party remedies and was a faculty member of and lecturer at the Connecticut Bar Association's Institute of Trial Advocacy. His utilization of high technology computer visualization and presentation in commercial litigation has been cited in such national publications as Bloomberg Financial News. To learn more about Matthew, view his profile or website.
Bill Dean (bottom right): Bill Dean is a director with Expense Reduction Analysts, a consulting firm focused on helping firms reduce their non-core expenses. He has more than 20 years of experience in senior management positions in the retail industry. Over the course of his career, he has worked for Sears, Roebuck and Co., Hanover Industries, Inc., and Eastern Mountain Sports and was COO of International Male. Dean spent another 15 years as a consultant to the retail industry and to investors in America, Europe and Japan, providing strategic and marketing planning and execution, and advised several acquisitions valued at over $100 million. He also served on the board of Shop.com, the largest collective shopping site on the Internet, as well as several other Internet startups. Overseeing and managing the purchasing of print was a major component of Dean's entire career, and he serves on the network's Print Special Interest Group. To learn more about Bill, view his website.
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The Great AHA Moment:
TMA Nevada Inspires Community to Action
By Pamela Joy Ring, president
We are a community. We are neighbors. We are colleagues. We are friends. We are all these things. And it was never more profoundly apparent than at our March 21 breakfast in which 52 of us, actually we were SRO at one point, discussed Nevada's budgetary shortfall led by two of our most distinguished voices on the subject, political columnist, Jon Ralston and economist John Restrepo.
Both Jon and John agreed that the solutions to our challenges cannot be found in government alone. Our leadership is lacking and skills in budgetary fiscal management fall short of what they should be. We were moved. We were inspired. The brain trust sitting in that room, the members of TMA Nevada are so professionally accomplished, that we realized perhaps solutions lie within us to help effect positive change in our state...
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