Risk Management Association of Philadelphia

Lender Liability: Top Strategies to Minimize Your Institution's Exposure

Sponsored by Obermayer Rebmann Maxwell & Hippel
Thursday, October 1, 2009
The Radnor Hotel

Mitigating Lender Liability - Pitfalls and Risks

Over the past 18 months, lender liability claims have increased at an accelerating pace. Threats of litigation are putting more bankers on the defensive as they enter workout or restructuring situations. Join us for this timely program and learn how to mitigate your risk and understand the pitfalls and risks which lenders are facing. In addition to panelists who are experienced lender liability legal advisors we will also have a chief credit officer share his views and experiences from the lender perspective.

It is clearly a new world. In our culture and in the media, bankers are now vilified and borrowers are all victims. Borrowers desperate to avoid their failing loan facilities are questioning and attempting to manipulate everything lenders are doing, or have ever done, to put lenders on the defensive. Courts and juries are listening. From Day 1 of the relationship, prudent lenders need to take a “prevent” attitude and minimize risk. While this can go against normal, customer service oriented business instincts, it but must be incorporated in some fashion to protect the lender in the long run.

Join us after the program to network with the accounting and banking community and find that next lending opportunity.

Presenters:

- Rich Meyers, Executive Vice President, Chief Risk Officer & Director of Corporate Development, Firstrust Bank

- David Nasatir and Jonathan Hugg from the law firm of Obermayer Rebmann Maxwell & Hippel LLP

Rich Meyers has been responsible for managing all credit risks and for leading Firstrust Bank into new lines of business since 1997. He came to Firstrust from CoreStates Bank, where he was Deputy Risk Policy Officer. As Chief Risk Officer at Meridian Bancorp, he was responsible for all credit functions prior to that institution's merger with CoreStates in 1996. He has been a banking professional for over 42 years.

David Nasatir, a partner in Obermayer’s Business and Finance Department and Jonathan Hugg, a partner in Obermayer’s Litigation Department who specializes in workout and asset recovery, will lead a presentation from the corporate and the litigation perspective on key guidelines that lenders should try to follow to minimize their liability, manage the risks of litigation, and maximize the opportunity for full recovery.