ABERNATHY BANK CONSULTING, LLC

 

Bill Abernathy – Principal
Expert Witness & Executive Consultant

 

40+ Years of Experience as Federal Bank Regulator & Bank Chief Risk Officer (EVP & SVP)

Now Providing Expert Testimony and Consulting on Risk Management & Regulatory Solutions

40+ Years Experience

OCC District Management Regulator
Senior Management Banker
Chief Risk Officer @ 4 Banks

Expert Witness

Extensive Knowledge of Banking
Federal & State Courts
Strong Written Reports

Consulting Services

Quick Improvement Focus
Governance & Risk Management
Regulatory Relations

Providing Banks with Expert Testimony and Consulting on Risk Management & Regulatory Solutions.

  • Bill Abernathy is Principal of Abernathy Bank Consulting (ABC). ABC provides consulting services
    across a broad spectrum, but specializes in helping banks with Risk Management, Regulatory
    Matters and serving as an Expert Witness in Litigation. Resume / CV available by Request.
  • Strong & Broad Technical and Managerial experience as Bank Regulator, Banker and Consultant
  • Six (6) different Senior Management positions with the Comptroller of the Currency (OCC)… Assistant Deputy Comptroller led top technical experts and #2 Executive for 9-state district; … Led supervision of the 15 largest regional banks (assets of $5 – 70 billion) and problem banks… Led Supervision of community banks in Georgia and North & South Carolina…and Led Corporate Application Division – Mergers, Charters, etc.
  • Senior level bank officer (EVP and SVP) at four (4) Georgia banks ….Chief Risk Officer (CRO) at three (3) Metro Atlanta banks (Flag, Brand and State Bank). As CRO, responsible for six (6) departments: Audit, BSA, CRA/FL/Consumer Compliance, Operations Risk (Policies & Procedures), Loan Review, and Regulatory Relations. Implemented ERM at four (4) banks.
  • Graduate of the University of Alabama with a B.S. in Banking and Finance and the ABA Stonier Graduate School of Banking at Rutgers University.
  • Bill Abernathy is Principal of Abernathy Bank Consulting (ABC). ABC provides consulting services
    across a broad spectrum, but specializes in helping banks with Risk Management, Regulatory
    Matters and serving as an Expert Witness in Litigation. Resume / CV available by Request.
  • Strong & Broad Technical and Managerial experience as Bank Regulator, Banker and Consultant
  • Six (6) different Senior Management positions with the Comptroller of the Currency (OCC)… Assistant Deputy Comptroller led top technical experts and #2 Executive for 9-state district; … Led supervision of the 15 largest regional banks (assets of $5 – 70 billion) and problem banks… Led Supervision of community banks in Georgia and North & South Carolina…and Led Corporate Application Division – Mergers, Charters, etc.
  • Senior level bank officer (EVP and SVP) at four (4) Georgia banks ….Chief Risk Officer (CRO) at three (3) Metro Atlanta banks (Flag, Brand and State Bank). As CRO, responsible for six (6) departments: Audit, BSA, CRA/FL/Consumer Compliance, Operations Risk (Policies & Procedures), Loan Review, and Regulatory Relations. Implemented ERM at four (4) banks.
  • Graduate of the University of Alabama with a B.S. in Banking and Finance and the ABA Stonier Graduate School of Banking at Rutgers University.

ABC Expert Witness Experience

 

Overview – Broad Base of Regulatory & Banking Expertise; Successful Track Record as Expert Witness; Work closely with Retaining Counsel; Strong Written Expert Analysis, Reports and Depositions; Federal & State Court Cases; Participated in five Expert Witness Training sessions; NO Daubert Issues

  • Successfully defended Illinois Bank against borrower’s charges of misrepresenting Deed in Lieu of Foreclosure.  Result = Summary Judgement for Bank.
  • Successfully defended one of the 10 Largest Banks in US against charges arising from a $50 million St. Louis Ponzi-scheme. Result = Judgement for Bank, Federal Judge Opinion quoted Abernathy.
  • Defended large Florida Federal Credit Union against CFO’s wrongful termination lawsuit. Result = Confidential Settlement.
  • Successfully defended large national consulting firm against Bank charges involving firm’s performance on Bank’s BSA Audits. Result = Bank withdrew Case after my Report and Deposition.
  • Expert for Plaintiff (senior citizen & bank customer) in Arbitration with one of 10 largest Bank in US.  Case involved elder financial abuse, fraud, KYC, & BSA.  Result = Confidential Settlement.  
  • Professional Training as Expert Witness (EW) by SEAK, Inc. including: Being an Effective EW Witness; How to Write a Bulletproof EW Report; How to Excel at Your EW Deposition; and How to Build and Run a  Successful EW Practice.  Also, Effective Communications and Interpersonal Skills at Depositions and Trials by Experts.com.

ABC Bank Consulting Experience

 

Overview – Work closely with CEO and Boards; Quick Turnaround; Results Oriented; Finding accepted by Regulators; Expert in Board Governance, Risk Management Controls, Regulatory Corrective Actions, BSA, Fraud, etc.

  • Conducted Formal “Management & Board Assessments” for Banks (required by FDIC & State Regulators). Regulators accepted Reports and Banks implemented recommendations.  Results = CAMELS Upgraded; Regulatory Actions Removed.
  • Recommended Bank enhance Policy & Controls and Board Reporting on third party vendor (Asset Based Lending).  Results = Criticized Assets dropped 70%; MRAs Removed.
  • Consulted with large Credit Union. Concerns with past dues & Collections Department turnover.  Determined root cause was new Loan Program of underwriting high-risk loans that overwhelmed Collections. Recommended revised underwriting, enforce charge-off policy.  Results = CU returned to sound condition.    
  • Consulted at $1.5 Billion, 5-Rated Problem Bank with C&D.  As part of new turn-around team, coordinated Directors Compliance Committee, established MRA Monitoring, Consent Order Progress Reports.  Results = Bank was Liquidated, with no loss to FDIC. 
  • Helped Community Bank comply with MOU and improve Board and Management structure & reporting lines.  Results = Classified Assets reduced from 40+% to 5% and MOU was terminated.  
  • Consulted with large Credit Union.  Concern with embezzlement, management turnover & operations issues.  Determined theft minor, recommended hiring new CFO & Staff Accountants, add accounting controls.  Results = Hired strong CFO who corrected problems.

Questions and comments? Get in touch.

R

Bill Abernathy

Abernathy Bank Consulting

bill@abernathybankconsulting.com

5507 Martina Way

Atlanta, GA 30338

Tel: 770-815-6991 (O&C)

10 + 12 =