Case Study:
Large Great Plains Farm Operation
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.
The Solution
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.
The Results
Prevented further deterioration of bank’s position and set a strategy for the liquidation of assets.
Services & Roles
Interim Management
Chief Restructuring Officer
Interim CFO
*Some engagements may have been performed by team prior to joining Harney Partners.
