Blockchain and Financial Services Blog

Bankers "Boot Camp" Successful Again

Since 2005, Frost Brown Todd has hosted a 2-day commercial lending training program for our financial institution clients.  This year, we were honored to have 78 of our clients and friends, from three states, attend over March 12 and 13th.  By all accounts this year’s program was the most beneficial and successful yet, until 2013!  Congratulations to Kim Mauer, all the presenters, and to all the bank officers who profited from attending the training.

This year, Kim Mauer (FBT Cincinnati) began the training with a 3½ hour discussion addressing commercial lending, loan structure, document essentials, and perfection of security interests in collateral issues.  Rex Bennett (FBT Indianapolis) joined her as a presenter to add his considerable perspective, as well as providing Indiana state law nuances.  Jason George (FBT Columbus) was a new presenter this year.  Jason spoke regarding Bank Qualified Bonds and the purchase by banks of non-qualified bonds in lieu of backing the bonds with a letter of credit. 

The second day of the Boot Camp started with Jane Shea (FBT Cincinnati) discussing developments in correctly taking interests in securities and account control agreements.  Ann Jennings (Multi-State Title Company) followed with an in-depth discussion regarding title insurance, what the policies provide and what endorsements should be considered by lenders. Following this review of title insurance, the logical step was to ask Kyle Grubbs (FBT Cincinnati) to speak regarding the need for a survey, different types of available surveys, and how to read them. 

After a quick lunch, we reconvened to listen to Vince Mauer (FBT Cincinnati) explain the value and pitfalls of loan documentations and current legal trends he is encountering.  While amusing to hear some of his war stories, it offered valuable lessons for our lenders who can profit by hearing about the mistakes of other.  The day was wrapped up by Colleen Haas ( FBT Cincinnati), who shared some special concerns relating to Construction Lending.  Colleen also touched on one of the newest areas of the firm’s practice, which is New Markets Tax Credits.  New Markets Tax Credits can be an additional source of credit for an otherwise challenging transaction in a qualified census tract.

Please keep this valuable program in mind for the spring of 2013.  This intensive program will improve your own financial institution’s competitive performance and should always be considered a part of your own going training program.  For information about the Frost Brown Todd Lender’s Boot Camp, please contact Kim Mauer at (513) 651-6743 or kmauer@fbtlaw.com

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Attorney Spotlight

Courtney Rogers Perrin practices in the Nashville office as a member of the Firm’s Electronic Payments and Blockchain practice groups. She assists clients with regulatory compliance, contract negotiations, acquisitions and fund formation relating to credit card processing and fintech enterprises, including smart contracts and virtual currency matters.

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