Michael F. Richards is a
Banking Expert Witness and
Consultant with more than 34 years of experience. His experience as a Founder, President, and Director of two De-Novo banks and the head of a work-out department for a regional bank give clients and attorneys a crucial behind-the-scene understanding of all aspects of banking.
Mr. Richards' experience in heading a work-out department provides a wealth of knowledge in litigation testimony from the perspective of a bank officer. He has extensive experience in
Lending, Lender Liability, Banking Operations, Regulatory Oversight, Policies, Procedures, and
Standards of Care in the
Banking Practice. Mr. Richards' represents both Plaintiffs and Defendants.
Areas of Expertise:
De Novo Start-ups / FundraisingBanking Practices, Policies, and ProceduresStandards of CareBank Officers’ / Directors’ Conduct, Actions, NegligenceBanking OperationsCredit AnalysisLoan ReviewLoan DocumentationBank Regulations / LawCommercial and Real Estate Lending PracticesConsumer Lending PracticesForensic Commercial LoansLender LiabilityLoan Participation and DocumentationTroubled Debt Restructuring Practices, Workouts, ForbearanceCollection PracticesLoan Commitment IssuesLoan Guarantee IssuesBank Credit Administration and Credit Policy Issues, Customs and PracticesReal Estate AppraisalBank FraudBankruptcy, Fairness of Interest Rates "Cramdown"
Understanding the Problem Loan Process in Banking
Successful discovery and depositions require an understanding of the problem loan process in banking.
Optimizing Your Use of Banking and Financial Institution Experts
Selecting the appropriate expert is a very important issue and there have been many articles written about the subject.
