RMA East Michigan
  
SPRING 2015 NEWSLETTER

RMA centennial logo  

Officers
  
Jason Currie
President
Bodman PLC
  
Megan Trapp
Vice President
Level One Bank
  
Matt Richter
Treasurer
Talmer Bank & Trust
  
Jaime Johnson
Secretary
Level One Bank
  
Adam Mazza
Assistant Treasurer
Talmer Bank & Trust

  

Board of Directors
  
Lisa Frentz

Audit Chair

Doeren Mayhew

 

Chelsea Haftka Nakken

Women in Banking Chair

Wells Fargo Bank

 

Peter Leto

YP Chair

Bodman PLC

 

Casey Johnson

Programming Chair

Euler Hermes

 

John Dimovski

Sponsorship Co-Chair

Harmon Partners

  

Jeff Hoover

Sponsorship Co-Chair

Howard & Howard 


Kristen Veresh

Communications Chair

Varnum LLP


John Danielson

Education Chair

Level One Bank


Zana Tomich

Membership Chair

Dalton & Tomich

 

Megan Trapp

Nominating Committee Chair

Level One Bank

 

Thank you Sponsors
  
Platinum Sponsors
Level One Bank
  
Gold Sponsors
Dalton & Tomich
Great Lakes
Business Credit
Varnum LLP
  
Silver Sponsors
Harmon Partners
KeyBank
  
business_people3.jpg  
  
Want to Sponsor RMA East Michigan?
  
We have general sponsorships and golf sponsorships currently available!
  
Please contact us:

MISSION STATEMENT

The East Michigan Chapter of the Risk Management Association is a member driven organization dedicated to promoting and implementing professional development and relationship building opportunities for the financial and Risk Management industries.

  

RMA Credit Risk Certification

 

Why RMA-CRC? 
In today's rapidly changing financial services industry, you need practical, day-to-day knowledge that will help you excel in your profession. You need the latest skills-skills that are current and complete. And you need the demonstrated ability to serve a diverse base of clients. Plus, you need all of your knowledge, skills, and abilities to be validated by a respected organization like RMA.

 

For more information, check out our website:

www.rmahq.org

  

Benefits of RMA Membership

 

Are you taking advantage of all that RMA has to offer?

  • Whitepapers
  • Other publications
  • Studies
  • Access other Members
  • Webinars
  • Regulatory updates

Check out more here.

 

  
Upcoming Events
  
Thursday, May 7   
2015 Banking Industry Update
Glen Oaks Country Club

Tuesday, May 19
RMA Women in Business - Beauty Bash 2015
Nordstrom's - Twelve Oaks Mall

 

Monday, June 1
14th Annual Golf Outing
Fox Hills Golf Club
  
Thursday, July 30
RMA/ACG/TMA Summer Soiree
Registration to open soon
Sponsor Spotlight

   

Since 2002, Great Lakes Business Credit has provided Asset Based Lines of Credit and Factoring facilities to companies unable to obtain or maintain bank financing. We lend against an operating company's accounts receivable, inventory, machinery & equipment and, recently added, owner-occupied real estate as well as Debtor-in-Possession financing.   Our territory encompasses the eastern half of the U.S. and we provide facilities ranging from $100,000 to $2,000,000+.

 

Great Lakes Business Credit offers distinct competitive advantages: 1) We are nimble (can close and fund within 30 days of proposal acceptance); 2) No early termination fees (our goal is to return a client company to bank financing as quickly as feasible); 3) We offer references (both current and former clients); and, 4) We share opportunities with our referral sources.

 

Contact  Rhett Rowe at: 248.733.0300, [email protected] to discover how we rise above the rest.
RMA's 2014 Annual Risk Management Conference: New Regulations, New Challenges
  
By: Stephen Krasowski & Frank Devlin
for the January 2015 RMA Journal
  
As the country pondered political issues in preparation for the upcoming election, credit risk and regulatory issues were on the minds of bankers and regulators from across the globe at RMA's Annual Risk Management Conference, held October 26-28 in Washington, D.C.
  
Welcoming more than 640 attendees from the U.S., Canada, Germany, Dominica, and Nigeria, the conference focused on a wide range of topics: cyber security, HELOC portfolio risk strategies, construction and leveraged lending, model validation, changes in accounting practices regarding expected losses, risk issues facing community banks, communication of risk appetite throughout the institution, and other regulatory issues. In addition, the conference welcomed keynote addresses from Martin Gruenberg, Charles Krauthammer, John Silvia, and Spyro Karetsos.
  
Why Bankruptcy?

By: Casey Johnson, Euler Hermes

If you live in the United States there is a good chance you are familiar with Target, the second largest retailer in the U.S.  On January 15th,  after attempting to expand its operations in Canada, Target's Canadian division filed for bankruptcy protection in Canada.  Thousands of suppliers were left with inventory, purchase orders, unpaid invoices, and other debt stemming from the market giant's bankruptcy. 

Bankruptcy is a business strategy to navigate the cyclical nature of business.  The reason large companies incorporate independently when expanding across borders, is the ability to manage the operations as their own entity.   Target Canada is just one example of a common occurrence, and the reason behind most bankruptcies might surprise you.

Get Involved. Volunteer with RMA East Michigan.


Our chapter presents opportunities for individuals to get involved. Chapters rely on the talents of volunteers to stage many of their programs, conduct membership development efforts, and promote the ideals of the Association. To find out more about how you can get involved in our chapter, contact Zana Tomich, Membership Chair at [email protected].

 

  

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