We are experience in the banking industry and are experienced
in evaluating the issues presented by both local and regional banks.
Our experience allows us to understand the objectives and work requirements
necessary to accomplish tasks in a quick and cost effective manner.
Claybrook & Associates was engaged by
a regional banking institution to evaluate lease portfolios in support
of a bank’s
contemplated purchase of a portion of the portfolio. Included in our
efforts was the inspection of lease files with the objective of determining
the identity of the lessee, the type of lease and what type of equipment
was being leased. Additionally, such inspection also documented whether
or not documents in support of the lease transaction were contained
in the file. Such documents included a copy of the signed lease, incumbency
certificates, security/lien (UCC-1) statements, evidence of payment
to equipment vendor, evidence of credit reports on lessee and documents
assigning the lease to the bank.
In addition to performing field examinations
as part of a banks loan evaluation process, Claybrook & Associates
has performed collateral management services pursuant to a bank’s
monitoring of a medical supply company’s Medicare and non-Medicare
sales, inventory and receivables. Included in these services was the
daily
analysis and reconciliation of the medical supply company’s collateral
as compared to its daily line of credit balance. The daily tracking
of this information allowed the bank to understand the nature and value
of the collateral pledged by the company as security to the bank
