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Working with Borrowers Financially Stressed by COVID-19: Critical Issues for Commercial Lenders


Community banks operate safe and sound commercial lending operations. COVID-19 is fundamentally changing the priorities for those commercial lending operations.  Lending in times of widespread financial disruption requires renewed awareness of the strategies, tactics, and risks associated with lending to financially stressed borrowers.

This series of four 50-minute webinars will cover:

  • Building your debt restructuring and workout process.
  • Managing risks of workouts including lender liability and bankruptcy.
  • Loan modifications under ASC 310-40 and COVID-19 relief measures.
  • Examiner expectations for loan workouts related to COVID-19 and beyond.

This series is designed to assist decision makers involved in evaluating, underwriting, negotiating, reporting, monitoring, documenting, and managing distressed credits.  This series will be of interest to bank CEOs, CFOs, CLOs, lending officers, accountants, and counsel.

This webinar is offered free of charge by Jackson Kelly PLLC and Arnett Carbis Toothman LLP and has applied for CLE and CPE credit.




Installment 1: Building your debt restructuring and workout process

Presenters: Mark A. Mangano, Counsel, Jackson Kelly PLLC; Clifton Clark, Member, Jackson Kelly PLLC

Date: Tuesday, April 14, 2020 at 2:00p.m.

The response to the COVID-19 pandemic has triggered short-term and potentially long-term stress in many business sectors.  Many customers will be requesting loan modifications.  Some will need only short-term assistance.  Many others will need longer-term solutions.  Strong management of relationships with financially stressed borrowers can decrease costs and risks while strengthening customer loyalty.

This webinar will address:

  • The importance of being proactive.
  • The increased risks to be managed.
  • The tools available to the bank and the borrower.
  • Process suggestions.

Click HERE to register for Installment 1


Installment 2: Managing risks of workouts including lender liability and bankruptcy

Presenters: Elizabeth A. Amandus, Member, Jackson Kelly PLLC; Mary Elisabeth Naumann, Member, Jackson Kelly PLLC; Jason L. Ott, Member, Jackson Kelly PLLC.

Date: Thursday, April 16, 2020 at 2:00p.m.

Financially stressed borrowers present risks beyond failure to repay loans.  It is critical to understand the actions borrowers may take to address or resist bank efforts to mitigate potential losses.  This webinar will address:

  • Nature and sources of lender liability claims and how to mitigate lender liability risk.
  • Bankruptcy fundamentals.
  • COVID-19 debt relief measures including modifications to the Small Business Reorganization Act, SBA loan programs, and state initiatives.
  • Administering relationships with financially challenged borrowers and workouts.

Click HERE to register for Installment 2


Installment 3: Loan modifications under ASC 310-40 and COVID-19 relief measures

Presenters: Christopher Nice, Partner, Arnett Carbis Toothman LLP; Patrick McGraw, Senior Manager, Arnett Carbis Toothman LLP.

Date: Tuesday, April 21, 2020 at 2:00p.m.

Properly reporting loan modifications for financial and regulatory purposes is complex.  The process is primarily governed by ASC 310-40.  It is vital that bankers understand the application of ASC 310-40 and its impact on the bank’s balance sheet.  This webinar will address:

  • Application of ASC 310-40 to loan modifications.
  • Definition and impact of Troubled Debt Restructuring (TDR) determinations.
  • Regulatory and statutory temporary COVID-19 relief from TDR classifications.
  • Regulatory COVID-19 relief for reporting and examination requirements.
  • Small Business Administration programs directed at alleviating the financial stress of COVID-19.

Click HERE to register for Installment 3


Installment 4: Examiner expectations for loan workouts related to COVID-19 and beyond

Presenters: Charlie Dunbar, Member, Jackson Kelly PLLC; Mark A. Mangano, Counsel, Jackson Kelly PLLC.

Date: Thursday, April 23, 2020 at 2:00p.m.

The significant loan modification and workout activity prompted by the response to COVID-19 will make assessing the impact of that activity on the bank a priority for bankers and examiners.  Preparing in advance for examiner scrutiny of the bank’s practices can limit examiner criticism, improve classifications, limit financial reporting impact, improve CAMELS ratings, and save a great deal of work later.  This webinar will address:

  • The safety and soundness requirements for modification and workout activity.
  • COVID-19 regulatory relief and how to make sure you get it.
  • Compliance considerations related to loan modification activities.

Click HERE to register for Installment 4


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