Experience

• 

  The Fidelity Bank

  • Fuquay-Varina, NC

  • CFO

    • Apr 2012 - Jul 2013
    • Fuquay-Varina, NC

    Managed the overall performance of the accounting functions of the Bank. Prepared various internal and external financial reports for shareholders, directors, and regulators. Collaborated with department managers and members of senior management to develop and prepare annual budgets and cost center reports. Presented quarterly budget reports to the Board of Directors and recommended potential changes, if needed, to ensure compliance with budgeted financial performance. Managed the Bank’s liquidity position through the purchase and sale of investment securities, changes in short-term borrowings and deposit interest rate pricing. Developed and prepared reports to monitor and manage the Bank’s asset/liability position and the Bank’s level of regulatory capital. Member of the senior management and asset/liability committee (“ALCO”).

• 

  The East Carolina Bank

  • Engelhard, NC

  • Director of Financial Reporting/CFO

    • Oct 1981 - Mar 2012
    • Engelhard, NC

    Director of Financial ReportingFebruary, 2010-March, 2012Senior Vice President and Director of Financial Reporting responsible for the direction of Bank accounting and financial control functions; and develop and manage asset and liability strategies. Accountable for strategic financial planning and the development of financial and control policies to ensure operating effectiveness. Also provide staff support services to operating groups and participates in the planning and controlling of corporate growth and evaluating performance against objectives. Chief Financial OfficerJune, 1985-February, 2010Senior Vice President and Chief Financial Officer. Member of the Bank’s senior manager team and policy-making officer of the Bank; and chairman of Asset/Liability Committee (ALCO). Functional responsibilities include regulatory and board reporting; investment portfolio management; Bank liquidity and funds management; financial planning and budgeting. Financial ReportingSEC – ECB Bancorp, Inc., prepared and filed required SEC reports quarterly and annually on Forms 10-Q and 10-K. Federal Reserve Bank – Reported quarterly and annually to Federal Reserve Bank of Richmond on Forms Y-9LP and Y-6LP, respectivelyFDIC – prepared and filed quarterly call report with the FDIC Board - prepared and presented monthly summary financial reports Investment Portfolio Management - managed $300 million dollar fixed income investment portfolio. Bank Liquidity ManagementFunds ManagementResponsible for monitoring deposit levels and establishing (weekly) interest rates to be paid on interest-bearing deposits. Financial planning and budgetingResponsible for preparing the Bank’s annual budget and long-range (5 yr.) financial plan. October, 1981- June, 1985Joined Bank as an internal staff auditor.