Andrew Stephen (Steve) Kennedy

Consulting - Energy and Banking

Business Development

Audit Committee Member

Compensation Committee Member

• Advise Amegy's executive management, energy banking team and credit officers regarding matters affecting the energy banking market.
• Interact with existing and prospective energy clients to maintain healthy relationships and to promote new ones.

• Formed the energy banking group to first perform upstream energy reserve-based loans (RBLs) to exploration and production companies. Expanded the energy group in 1999 to include midstream and oilfield service lending.
• Hired and trained energy bankers and support staff, growing the group to a peak size of 28 FTEs and opening energy offices in Dallas and Denver.
• Grew energy loan commitments from $0 to a peak of $6 billion by 2012, with $3 billion of loans outstanding.
• Contributed, on average via the energy group's activities, 25% of Amegy Bank's net operating revenue and 5% of Zions Bancorporation's net operating revenue.
• Formed an energy derivative desk to serve client's hedging needs, which required arranging back-to-back derivative counterparty relationships with 15 financial institutions/energy companies and obtaining formal OCC approval for this new service following its extensive examination of our derivative risk modeling and risk mitigation polities and procedures.
• Negotiated, closed and managed an exclusive energy investment banking referral and fee-sharing arrangement between Amegy Bank and Raymond James & Associates.
• Alerted consulting firm McKinsey & Company that formation of an investment banking group within Zions Bancorporation represented a compelling opportunity for new non-interest fee income and later assisted in the formation of that group.

• Grew and managed a portfolio of upstream, midstream and downstream energy loan commitments totaling $1 billion.
• Contributed significantly to Wells Fargo's energy banking and energy marketing strategies, as one of only four energy bankers employed by Wells at that time.

• Completed a one-year formal banking officer training program which required rotations (seven-week work periods) into five different areas of the bank.
• Managed and grew an energy loan portfolio of $400 million of commitments.
• Conducted on-campus and in-office interviews of college students applying for entry into the officer training program.

• Managed an oil and gas family-owned partnership which owned approximately 90 producing wells in the Caddo Pine Island Field near Oil City, Louisiana. This included all business decisions regarding revenue, operating expense, capital expense, personnel, financial reporting and regulatory matters.

• Prepared radioactive and non-radioactive well logging tools for service and placed them downhole in oil/gas wells to perform certain measurements.
• Loaded explosives into casing and tubing guns for oil/gas well perforation and placed them downhole in wells to perform perf jobs.
• Drove a sixteen gear wireline truck which required a Texas Class A diver license.

• Inspected oil wells and repaired sucker rods, production tubing, pumps and flow lines.