Loan Workout for Bank’s Specialty Loan Portfolio

Boston Portfolio Advisors acted as Asset Manager for a Midwestern bank that was examined by the OCC. The OCC was concerned about this bank’s ability to sustain itself as a viable entity, and required the bank to hire experts to manage their portfolio of commercial ocean marine loans.

The bank hired Boston Portfolio Advisors, and we managed their loan portfolio and operations.  With approximately 80% of the bank’s original loan portfolio containing seriously delinquent and under-performing loans, the bulk of our portfolio management tasks dealt with creating and implementing effective loan workout solutions for some very unique loans and collateral.  Almost all loans were paid-off or restored to a performing status.  We reported to the OCC on a monthly basis regarding the status of the portfolio, activities performed, and improvements.

 

Note: Actual client names have been removed due to confidentiality issues.