Peter Cherpack Contributes CECL Article to RMA Journal

Peter Cherpack, Ardmore's Executive Vice President & Senior Director of Credit Technology, recented contributed an article on CECL's impact on community banks to the RMA Journal. The article, published this month, states that while smaller banks may have been slowest to begin preparing for FASB's new rule change, expecting that their lower asset size meant that they could keep doing what they are doing, that regulators are still expecting banks of all sizes to begin gathering and housing pertinent data, change loan segmentation and use the new calculation. This has resulted in a great deal of uncertainty, which Peter has attempted to clarify using regulators' information released during a se

Lou Dunham Moderates RMA Southern Jersey Presidents Panel

Lou Dunham, Ardmore's Senior Vice President & Senior Director of Credit Risk Management, recently moderated a President's Panel presented by the Southern New Jersey chapter of the Risk Management Association (RMA). The panel, presented on October 23, 2018 at the Tavistock Country Club in Haddonfield, NJ brought together Rob Curley of TD Bank, Dave Hanrahan of Capital Bank of New Jersey and Brian W. Jones of the First National Bank of Elmer for a conversation about the most pressing issues in the banking industry and the differing viewpoints that presidents of banks of varying size have in addressing issues. Nearly 100 bankers attended the event, which included opinions on loan concentrations

Peter Cherpack Teams With Risk Management Association to Offer CECL Podcast

We are pleased to share a recent podcast produced by the Risk Management Association (RMA) featuring Peter Cherpack, Ardmore's Executive Vice President & Senior Director of Credit Technology, discussing the impact of the new Current Expected Credit Loss (CECL) rules on community banks. It is just the latest of a long list of appearances for Mr. Cherpack this fall, as he shares his CECL expertise and how Ardmore's solutions can both prepare bank data for the transition, and automate the CECL calculation process. Please click here for the podcast.

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