Prevented further deterioration of bank’s position and strategized for liquidation of assets
Engaged to manage a defaulted money-center bank relationship for its client. Client produced eight different crops on 30,000 acres of land in North Dakota and Minnesota.
Reviewed operations and financial reporting function and created a projection model.
Uncovered significant issues with accuracy of financial information provided to bank. New information revealed significant impairment of bank’s position.
Developed and delivered detailed strategy to bank to minimize impairment.
Prevented further deterioration of bank’s position and set a strategy for the liquidation of assets.
Services & Roles
Chief Restructuring Officer
*Some engagements may have been performed by team prior to joining Harney Partners.