Lending to Municipalities
Two hour tele-web seminar October 17, 2012
This webinar has been developed for banks and bankers who are aware of opportunities to serve their community through credit services to municipalities and other local government or quasi-governmental organizations (i.e. volunteer fire departments, emergency health care providers, political subdivisions, etc.).
This tele-web seminar will begin on Wednesday, October 17, 2012 at 11:30 AM to 1:30 PM Pacific Time.
Extending credit to municipal entities requires legal, tax, accounting and credit analysis that can be quite different from conventional commercial lending decisions. This webinar is designed for bankers desiring to serve the needs of their local communities both safely and profitably. Extending credit to municipal entities requires legal, tax, accounting and credit knowledge and analysis that can be quite different from conventional commercial lending decisions.
There are many issues involved. Governmental entities provide financial information often using unfamiliar fund accounting. Budgeting constraints have a direct impact on how credit requests are structured. Lease financing is frequently needed. Commercial customers may need financing for contracts with local government entities. There has been municipal bankruptcy. Interest paid by municipalities and related types of entities is often tax free to the bank.
This program has been developed for loan officers, credit analysts, loan review and credit administration personnel needing an overview of safe and sound lending to this unique market segment/opportunity.
- Governmental use of bond financing
- Impact of frequent long-term financing needs on bank credit evaluation and profitability.
- Basics of Fund Accounting
- Effect of different forms of municipal government: mayor/council, council/manager, or commission
- Importance of relationship in municipal lending (all politics are local)
- Collateral and lien documentation
- Lending/credit opportunities (needs)
- Profitability and federal income tax-free interest income
- Benefits beyond profitability.
Loan officers, credit analysts, note and credit department personnel, internal auditors, loan review and compliance personnel, or any banker involved in the lending function.
Bob Ullom – the program is led by Bob Ullom, nationally known banking educator and past-president of two successful start-up banks which were both fast-growing and profitable. A CPA, Bob brings over forty years of audit and bank lending and management experience to this fast-paced program. Since 1990, Bob has taught in 38 states on a variety of credit, documentation, management and compliance topics.
2.0 total credits
Member price: $250.00 | Non member price $500.00