Latest comments for http://www.ababj.com , comment 0 to 2 out of 2 comments http://www.ababj.com Mon, 20 May 2013 10:24:36 +0100 FeedCreator 1.7.2 http://www.ababj.com/myblog/how-are-you-handling-loan-workouts.html#pc_444 We have complied with the 2009 commercial real estate guidance. We have also added additional resources to the workout area. We balance carefully the regulatory mandates with helping our customers through a very difficult time. We have staff dedicated to workouts. Their efforts are reviewed to determine if the loan is impaired, if a loss is probable, and whether a workout amounts to a troubled debt restructuring. We also have specialized staff working with other real estate owned. - Bill Grant, First United Bank & Trust, Oakland, Md. Fri, 07 May 2010 10:24:44 +0100 http://www.ababj.com/myblog/how-are-you-handling-loan-workouts.html#pc_443 We have formed a “workout committee” that consists of several senior executives, our risk manager, and three directors. We moved a senior market executive who had previous workout experience with a large bank into a full-time workout position. We also use a law firm with expertise in collection as consultants to the committee. At least one of the lawyers is in attendance by phone or in person at all committee meetings. The credits assigned to this committee are primary the larger, more complex ones. The committee in general deals with 8 to 12 credits at any time. Our collection department is still dealing with the remaining credits that are delinquent or experiencing problems. - Billie Wade, Citizens Union Bank, Shelbyville, Ky. Fri, 07 May 2010 10:20:27 +0100