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Alabama Bankers Association
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Recorded Thursday, March 20th, 2008
Banking rules and regulations require financial institutions to properly identify their prospects and borrowers prior to the approval of a loan request or opening a depository account. Identification of borrowers is a top priority of the five regulatory authorities. Since financial institutions receive requests to establish credit facilities and depository accounts from various types of organizational structures, it is vital for bankers to understand the difference of each. Participants will be exposed to:
- The legal requirements to form each type of organizational structure
- The documentation required to prove the legality of the organizational type
- The advantages and disadvantages of each form from the customers’ and bankers’ perspective
- Preferred methods to title depository accounts and credit facilities.
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- Review of the various types of organizational structures
- Definition of each business structure
- Advantages and Disadvantages of each business structure from the borrowers’ perspective
- Risk considerations for bankers of each business structure
- How each structure is legally organized
- The tax implications of each type of business organizations
- Types of organizing documents required to properly identify the borrower
- Management structure and authority provided to officials of each business structure
- Extent of personal liability of the partners, members or officers of each structure
- Number of owners allowed for each business structure
At the end of this session, the participant will have a better understanding of how each organization structure is legally created and the implication to bankers during the underwriting process. Identification of the borrower is the first and very important step during the underwriting process and after completing this course, the banker should have confidence that they have obtained the required documentation to identify their prospects and borrower properly.
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Anyone involved in opening depository accounts and lending to organizations. This will include:
Customer Service Representatives, Branch Managers, Consumer Loan Officers, Commercial Loan Officers, Credit or Loan Review Officers, Credit Administration Personnel, and Loan Operation Personnel
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Jeffery W. Johnson started his career with SunTrust Bank in Atlanta as a Management Trainee and progressed to Vice President and Senior Lender of SouthTrust Bank and Senior Vice President and Commercial Banking Division Manager for Citizens Trust Bank of Atlanta.
Most of his career has been spent in Credit Administration, Lending, Business Development, Loan Review, Management and Training & Development. He has managed loan portfolios representing a cross section of loan types including: Large Corporate, High Net Worth Individual, Middle Market Companies, Small Business, Real Estate and Non-Profit Organizations.
Mr. Johnson is now a training professional in the financial industry by leading various seminars covering important topics relating to issues in financial institutions. He teaches actively for fifteen state banking associations in the United States, Risk Management Association (RMA) and individual financial institutions nationwide. He co-authored a training course entitled “Lending to Service and Other Professional Organizations” for RMA in 2001.
Mr. Johnson earned a B.A. Degree in Accounting from Morehouse College in Atlanta; a MBA in Finance from John Carroll University in University Heights, Ohio; Banking diploma from Prochnow School of Banking at the University of Wisconsin and a Graduate Certificate in Bank Management from the Wharton School of Business at the University of Pennsylvania.
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