Edgebrook Bank Work Values

Daily Duties at Edgebrook Bank:

Joined the Bank to correct past issues and to implement new strategies to stabilize the Bank’s loan department and address a FDIC Consent Order and Compliance MOU. Managed and underwrote a C&I (25%), RE (50%), CRE (20%) and SBA (5%) portfolio of $45MM of $76MM, originated $10MM of new loans, yearly, of same mix in the Chicago area, Cook, Lake & DuPage Counties, lead a staff of six bankers, assess and identify portfolio risk and managed down loan delinquencies 6.36% since 07.2010. Negotiated and worked out problem credits and identified and mitigated potential loss of 15-20% of the Bank’s capital. Created specific database queries for gathering and analyzing data for further compilation of specific, customized bank reports. Converted the Bank’s loan operations department typically a “cost center” into a “profit center” via proper accounting, budgeting, monitoring and management of charges and fee collection from (1.5%) to a 2.5-3.0% realized profit of the Bank’s capital, annually. Created and implemented various policies and procedures for Bank and loan department. Advised & consulted the Bank on a BEA Application in 2010 resulting in a grant of $275M (max for non-CDFI) and $500M (max) in 2011. Applied and obtained the Bank’s CDFI status in 2011. Participate in Edgebrook Bank training programs, when and where necessary. Asked by the Board to become the Acting Senior Vice President and Chief Credit Officer

What they like about Edgebrook Bank:

Working in an organization that is technologically advanced, creative, and innovative is critical in your assessment of hiring companies. Less important to you are stability of the organization, the length of time an organization has been in business, and the business' plans for the future. You prefer a fast-moving company that will take risks to achieve its goals and objectives. The length of time the company has been in business is irrelevant. Maintaining status quo is unnecessary. You thrive on change, uncertainty and the upside of potential business risks, especially those associated with innovation. Stability for the long haul is not nearly as important as is working in an atmosphere that is charged with a sense of urgency and constant change.

Tags

Senior Vice President, Vice President, Department Manager, Chief Credit Officer, graduate school of banking, lending manager, credit manager

Skills

P&L responsibilities, Technology Solutions, Sales Support, Software Implementation, Requirements Analysis & Specification, Leadership

These are some of the questions we asked our climbers about their experiences with Edgebrook Bank: