Detailed Agenda
Saturday | Sunday | Monday | Tuesday
Saturday, January 24
4:30 p.m. – 5:30 p.m.
Improve Your Game with Golf Legend Larry Mize
Sponsored by
Arrive early to enjoy cocktails with fellow attendees and find out the key to the “perfect” golf swing! Larry Mize, winner of the 1987 Masters, will conduct a short group clinic on swing mechanics and sign autographs.
Sunday, January 25
7:30 a.m. – 1:00 p.m.
Registration
7:30 a.m – 8:30 a.m.
Breakfast
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8:15 a.m. – 10:15 a.m.
Workshops (select one)
(1) M&A Simulation
STEVEN D. HOVDE, President and CEO, Hovde Financial
STEPHEN M. KLEIN, Attorney, Graham & Dunn P.C.
R. CLARK LOCKE, Vice President, Hovde Financial
Join expert industry advisers in a hands-on interactive exercise that simulates the financial, legal, and social challenges of defending, purchasing, or selling a bank. Participants will role-play an acquisition exercise featuring a target bank, a friendly acquirer, and an uninvited pursuer. Bank valuation, offer analysis, and the ever-present social issues make for an educational and life-like learning experience. This session will limited to 40 participants!
(2) What Bank Boards and CEOs Need to Know in 2009
JOHN E. FREECHACK, Chair, Barack Ferrazzano Financial Institutions Group
ALLEN G. LAUFENBERG, Managing Director, Stifel, Nicolaus & Company, Inc.
What does the new year have in store for the financial services industry? New regulations, trends, market changes…find out the top issues that should be on your board agenda in 2009.
(3) How Asset Quality Drives Your Bank's Stock Price—And What to Do About It (*Director Track)
MINDI H. MCCLURE, Principal, The Bear Companies
The quality of your bank’s loan portfolio has a direct impact on its valuation—and on the downward leg of the credit cycle. This session will detail the high correlation between asset quality and valuation, and then explain how a proactive approach—including loan sales—can create a higher long-term value for shareholders.
(4) How Compensation Ties to Great Performance
TODD A. LEONE, Managing Director, Amalfi Consulting
With the most dramatic period of change in banking history, what are banks doing with their compensation packages? From high performing banks to banks that have been dramatically impacted, this session will focus on the tools and techniques that today’s banks are utilizing to address their compensation needs. This session will review trends with respect to equity usage, annual cash incentive plans, and issues surrounding additional regulations on executive compensation.
10:20 a.m. – 11:50 a.m.
What Should Banks Be Doing Now?
DAVID M. BURNS, Partner and Northeast Financial Services Practice Leader, Grant Thornton LLP
RICHARD F. MARONEY JR., Managing Director and Principal, Austin Associates LLC
ROBERT MORGAN, Managing Director and Principal, Austin Associates LLC
Loan loss reserves are up, and performance ratios are down. ORE is growing, and bottom-line earnings are shrinking. Regulators are nervous, and shareholders are antsy. All in all it makes for a challenging time in the banking industry. This session will enlighten bankers and directors on what banks can do to improve their situation in these difficult times.
Noon – 1:00 p.m.
Lunch
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1:00 p.m.
Welcome
JACK MILLIGAN, Associate Publisher and Group Manager, Bank Director magazine
1:10 p.m. - 2:05 p.m.
Your Bank’s Worth – Today and Tomorrow
CURTIS CARPENTER, Managing Director, Sheshunoff & Co. Investment Banking
Attendees will gain a better understanding of how the market has changed, major value drivers, trends in the highest-priced transactions, and where their bank fits into the mix.
2:05 p.m. - 3:00 p.m.
Bankers Panel: Options for Growth
MARY BETH BROOKS, President and CEO, The Bank of Fayetteville (Arkansas)
Hear from two CEOs who have achieved very admirable results for their respective institutions despite challenging times for the financial services industry. They will share their philosophies and methods for profitably growing their institutions in competitive environments.
3:00 p.m. - 3:20 p.m.
Refreshment Break
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3:20 p.m. - 4:10 p.m.
Keynote Address
DR. EDMOND J. SEIFRIED, Chief Economist, m.rae resources inc.; Professor of Economics and Business, Lafayette College
Dr. Ed Seifried’s presentation on “An Economic Outlook” will provide direction on how to recognize key economic signals and prepare strategies to cope with the current environment. His remarks will focus on the U.S. economic prospects for 2009 and beyond.
4:15 p.m. – 5:10 p.m.
Breakouts (select one)
(1) Four Signs It’s Time to Sell Your Bank
ARTHUR L. LOOMIS II, President, Northeast Capital & Advisory Inc.
Selling is often an emotional issue. This session will provide a framework to help CEOs make a good business decision, rather than an emotional one.
(2) Regulatory Environment for Acquisitions
DOUGLAS P. FAUCETTE, Partner, Locke Lord Bissell & Liddell LLP
Recent legislative, regulatory, and policy changes will have a significant impact on acquisitions between financial service companies. This breakout will look at emergency legislation passed to facilitate the resolution of troubled mortgage assets in influencing FDIC supervised and voluntary merger transactions. Participants will also examine recent changes in FRB policy under the Bank Holding Company Act liberalizing the treatment significant minority investments, as well as current proposals to change the bank regulatory system.
(3) Selling a Bank for Stock Versus Cash: The Pros and Cons in Today’s Environment
ERIK VAN NISPEN, Managing Director and Group Head of Financial Institutions, BMO Capital Markets
This breakout will look at why, contrary to popular sentiment, selling your bank for stock in the current environment may be the most value creating alternative if you pick the right acquirer and then stay involved in the newly combined organization.
5:30 p.m. - 6:30 p.m.
Friedman, Billings, Ramsey Welcoming Reception
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Monday, January 26
7:00 a.m. - 8:00 a.m.
Breakfast
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8:00 a.m. - 8:05 a.m.
Opening Remarks
TK KERSTETTER, President and CEO, Board Member Inc./Bank Director magazine
8:05 a.m. – 8:25 a.m.
Special Tribute
L. WILLIAM SEIDMAN, Former FDIC Chairman; Chief Commentator, CNBC Cable News Network; Publisher, Bank Director magazine
ALEX SHESHUNOFF, President, Alex Sheshunoff & Partners
Fifteen years ago several banking leaders had the foresight to start a growth conference to help bankers. We say thanks to Alex Sheshunoff.
8:25 a.m. - 9:15 a.m.
Where is Regulation Going?
RONALD H. JANIS, ESQ, Partner, Day Pitney LLP
RICHARD H. NEIMAN, Superintendent of Banks, NY State Banking Department
L. WILLIAM SEIDMAN, Former FDIC Chairman; Chief Commentator, CNBC Cable News Network; Publisher, Bank Director magazine
Industry veterans will debate the future of the future of the bank regulatory system in light of the industry’s current turmoil. Is there light at the end of the tunnel? How will overlap in the four major agencies be resolved? What will be the Treasury Department’s “blueprint” for regulatory reform? And what will the new administration in Washington mean for the financial services industry?
9:15 a.m. – 10:00 a.m.
Responding to Current Banking Trends
JOHN DUFFY, Chairman and CEO, Keefe, Bruyette & Woods Inc.
In one of the conference’s most popular sessions, a well-respected industry veteran reviews the strategic challenges and operating conditions for banks across the country.
10:00 a.m. – 10:10 a.m.
Audience Response Survey
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Back by popular demand, we once again ask our audience to sort out the emerging trends in the banking industry. Attendees express their opinions through their individual automated response keypads. The results will be analyzed and discussed throughout the conference.
10:10 a.m. - 10:30 a.m.
Refreshment Break
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10:30 a.m. -11:20 a.m.
Coming out the Other Side Whole: What is the Smartest Strategy?
WILLIAM F. HICKEY, Principal, Sandler O’Neill & Partners, L.P.
What should banks be doing to make it through the current environment and come out ready to successfully implement their strategy? This interactive case study demonstrates methodologies to make good strategic decisions, whether you are considering buying, selling, raising capital, or restructuring the balance sheet to enhance shareholder value.
11:25 a.m. - 12:15 p.m.
Breakouts (select one)
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(1) Keeping Order: CEO and Board Responsibilities in M&A
JAMES M. KANE, Chair, Financial Institutions Group, Vedder Price P.C.
JEAN-LUC SERVAT, Managing Director, RBC Capital Markets
What conversations should management and the board have before, during , and after a deal? Learn how to best position your bank for the M&A process and how to respond to common issues that arise before and after the deal closes in order to minimize disruption for everyone involved.
(2) Evaluating a Deal: From the Buyer’s Perspective
MICHAEL T. MAYES, Managing Director, Raymond James & Associates Inc.
What makes a purchase attractive? Learn how bankers evaluate a buy-side opportunity. Issues to be covered include accretion/dilution, contribution analysis, has/gets, and impact on shareholder value. Participants will also learn how to evaluate the buying capacity of potential competitors.
(3) High Performance Bank Boards: Making the Most of Your Meetings (*Director Track)
HANK DONATELL, Director, Financial Services Group, RSM McGladrey Inc.
DAVID W. HARROP, Director, Financial Services Group, RSM McGladrey Inc.
Too often bank directors are inundated with mountains of data that is useless and impossible to digest. What information is critical for directors to have? This session will help you make the most of your board meetings so directors and management can more effectively work together to make the best strategic decisions.
12:15 p.m. - 1:30 p.m.
Lunch
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1:30 p.m. - 2:20 p.m.
Capital Raising in Today's Markets
MICHAEL R. MCCLINTOCK, Managing Director, Investment Banking, Friedman, Billings, Ramsey & Co. Inc.
When the credit crisis wanes, many banks will be in need of raising capital to strength their balance sheets. This session will review various options for banks to raise capital in order to recapitilize and support growth, without eroding shareholder value.
2:20 p.m. – 3:05 p.m.
Keynote Address
RICHARD E. ANTHONY, Chairman and CEO, Synovus Financial Corp.
Synovus Financial Corp. consistently ranks in the Top 10 of Bank Director’s annual Bank Performance Scorecard. Hear Richard Anthony’s unique decentralized approach to management, which has led the $34 billion asset financial services holding company to continued success in the high-growth Southeast market.
3:05 p.m. - 3:25 p.m.
Refreshment Break
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3:25 p.m. - 4:10 p.m.
A New Opportunity in Private Equity
RANDOLPH A. MOORE III., Partner, Alston & Bird LLP
BEN A. PLOTKIN, Executive Vice President, Stifel, Nicolaus & Company, Inc.
JAY SIDHU, Chairman and CEO, Sidhu Financial Holdings
STEVEN N. STEIN, Founder, Chairman and CEO, FSI Group LLC
The banking industry is in need of fresh capital, and a recent decision by the Federal Reserve to relax its rules on private equity investments in banks creates a new opportunity for investors and depository institutions alike. This session will explore how the Fed’s decision has changed the game in private equity.
4:15 p.m. - 5:40 p.m.
The Future of the U.S. Banking System
L. WILLIAM SEIDMAN, Former FDIC Chairman; Chief Commentator, CNBC Cable News Network; Publisher, Bank Director magazines
MODERATOR: CHARLES MILLER, Managing Director, Silverton Capital Corporation
In this Q&A session, Bill Seidman will share his thoughts on the current situation U.S. banks and offer advice on what boards and management teams should do as they look into the future.
6:00 p.m. - 7:00 p.m.
Cocktails
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7:00 p.m. - 8:30 p.m.
Dinner
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8:30 p.m. - 9:30 p.m.
Special Presentation
LAUGHINGSTOCK COMEDY COMPANY
The funniest company in business today. Find out what’s so funny about banking!
Tuesday, January 27
7:00 a.m. - 8:00 a.m.
Breakfast
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7:00 a.m. - 8:25 a.m.
Discussion Groups
Rise early for interactive discussion groups with banking experts and your banking peers. The discussion groups will be repeated two times so attendees can select two topics of interest. Participants will receive a full list of discussion group options at conference registration.
- New Capital for Banks: Expedited Approvals and More Lenient Control Threshold - DLA Piper
- Grooming for Acquisition: Get the Criticized Assets Out - CarVal Investors
- Problem Asset Resolution - FIG Partners LLC
- Acquisitions of Banks by Non-Bank Specialty Finance and Insurance Companies - Friedman, Billings, Ramsey & Co. Inc.
- Impact of 141R on Bank M&A - Sandler O'Neill + Partner, L.P.
- Employing Analytical Tools to Manage Consumer Loan and Mortgage-Backed Portfolios - Fitch Solutions
- Why Retail Checking Customers Matter - StrategyCorps
8:30 a.m. – 8:50 a.m.
It's a New Banking World: Your Options in This Troubled Environment
STEVEN D. HOVDE, President and CEO, Hovde Financial
With the banking industry facing the toughest business environment in years, this presentation will highlight the crucial decisions that bank CEOs will need to make relative to strategy, capital, mergers and acquisitions and efficiency.
8:50 a.m. – 9:35 a.m.
A Time for Leadership
JOHN A. KANAS, Retired Chief Executive Officer, North Fork Bancorp
MODERATOR: STEVEN D. HOVDE, President and CEO, Hovde Financial
A panel of successful former CEOs – all of who managed their banks through the industry’s commercial real estate crisis in the 1990s – offer their perspective on what CEOs should be doing today to guide their institutions through this challenging period.
9:35 a.m. - 10:25 a.m.
Bankers Panel: Merger of Equals
VAN DUKEMAN, President and CEO, First Busey Corporation
CHARLES N. FUNK, President and CEO, MidWestOne Financial Group
STEVE KENT, Managing Director, Keefe, Bruyette & Woods Inc.
C.G. KUM, President and CEO, First California Financial Group, Inc.
Some of the U.S. banking systems most formidable money center, regional, and community banking companies have achieved scale through merger of equals (MOE) transactions. This panel session will provide pragmatic insight into the strategic, financial, governance, and tactical implementation issues of these transactions, from bankers who have conducted MOEs.
10:25 a.m. - 10:45 a.m.
Refreshment Break
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10:45 a.m. - 11:35 a.m.
Breakouts I (select one)
(1) How Community Banks Can Manage Capital in Uncertain Times
FRANK BROWN, Managing Director, Silverton Capital Corp.
CHARLES MILLER, Managing Director, Silverton Capital Corp.
MIKE NUNAN, Managing Director, Silverton Capital Corp.
With less than 10% of banks and thrifts listed and traded on major exchanges, the issues and options for managing and/or raising capital can be significantly different for the vast majority of banks and thrifts in the industry. This panel will discuss options and considerations of a broad array of capital initiatives available to community banks and thrifts.
(2) Private Equity Case Study
DORY A. WILEY, President, Commerce Street Capital
THOMAS R. YENNE, President and CEO, Highlands Bank
Hear how Commerce Street Capital teamed up with Highlands Bank to create a new force in Dallas banking.
(3) M&A Strategies for Turbulent Times
MICHAEL P. REED, Partner, DLA Piper
FRANK M. CONNER III, Partner, DLA Piper
From the financial crisis and resulting government bailout to pending changes in law and regulations, recent developments have affected, and will continue to affect, the M&A market for financial institutions. Join industry experts in a discussion on strategies for buyers and sellers in the M&A market during and after this volatile financial environment.
11:40 a.m. – 12:30 p.m.
Breakouts II (select one)
(1) Acquisition Opportunities in the Current Failed Bank Environment
C. ROBERT MONROE, Chairman, Financial Services Division, Stinson Morrison Hecker LLP
This session will cover opportunities to acquire failed institutions in the current environment, looking at acquiring assets and liabilities from the FDIC along with a number of other collateral issues that come into play. Other topics to be covered will include negotiation of acquisition prior to closure, bidding tips to assume deposits, employee issues, approaching depositors and loan customers of the failed bank, approaching key employees and customers, and other related items.
(2) Thinking Even "Bigger" (Built-In Gains Tax) In S Corporation Bank Transactions
MARK BARAN, Director, Washington National S Corporation Tax Services, Deloitte Tax LLP
BRIAN FALK, Director, National S Corporation Bank Tax Services, Deloitte Tax LLP
DAVID SCHUNK, Director, National S Corporation Bank Valuation Services, Deloitte FAS LLP
Are you an S Corporation bank that is considering selling within 10 years of electing S Corporation status? Are you thinking about acquiring an S Corporation bank? Are BIG (built-in gains) taxes a big deal? This session will visit current and effective BIG tax strategies in S Corporation bank transactions. These presenters have significant and relevant IRS experience in dealing with BIG taxes.
(3) Core Deposits, Fee Revenue, and Cross-Sell Solutions
ALAN FRIESEN, President and CEO, Haberfeld Associates
It is all about capacity - once you build a branch you need to fill it with customers. More customers equal more core deposits, more fee revenue and more cross sell opportunities. The bank with the most customers wins!
12:30 p.m.
Boxed Lunches
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1:00 p.m.
Golf Tournament
Sponsored by
Enjoy an afternoon golfing on one of the top courses in America. Remember, the golf tournament is limited to the first 85 registered players, so sign up early to reserve your spot!
5:30 p.m. - 7:00 p.m.
Closing Reception
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