Loan Participations in Challenging Economic Times
In today's challenging economic environment, a poorly structured loan participation can have adverse effects on both the lead lender and the participant. As the number of troubled loans grows, participants and lead lenders must work together in determining the best course of action that will maximize the chances of successfully collecting each loan and avoiding losses. Often the participant’s involvement in choosing a course of action in connection with a troubled loan will be dictated by the terms of the participation agreement or by the financial condition of the lead lender.

With this in mind, Aldrich and Bonnefin is pleased to invite you and your commercial lending staff to a seminar that covers the fundamentals of loan participations, as well as a checklist for the review of the form of participation agreement both as an initial matter and in the face of a troubled loan. This seminar will also provide an excellent opportunity for networking by lenders seeking participants and lenders seeking to purchase loan participations.

Financial Institution Directors and Management
Plan to invite Senior Bank Officers and your Board of Directors to take advantage of the pro rata membership privileges of your Bankers' Compliance Group. We encourage our members to organize a directors retreat or planning session coordinated with the seminar. The BCG Standard Procedures Manual #17, Management and Directors Manual, will be updated and distributed to each participant. This is always a popular seminar and we urge our members to distribute announcements at Board Meetings and to register early. As always, the seminar will be billed on a pro rata basis to BCG members. Non-members may attend for a per person fee as described in the attached Registration Form.