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Field Examination

Businessman’s Review

The Loan Workout Group of a large commercial bank had a problem loan transferred in from the Corporate Lending Department.  To determine the bank’s position and provide current information for decision making, the bank required an immediate assessment of the company’s liquidity position as well as the collateral performance.  In conjunction with the field exam, Durkin was engaged to perform a Businessman’s Review of the company.  The Businessman’s review encompassed: an evaluation of the short term liquidity, testing of the backlog, a review of financial projections and debt service, and a liquidation analysis.  This analysis, along with the root causes provided by Durkin enabled the financial institution to quickly make the necessary decision to mitigate their exposure through a sale of the loan.

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