Summary
Overview
Work History
Education
Skills
Languages
Affiliations
Timeline
Generic
Richard Canfield

Richard Canfield

Farmington,United States

Summary

Vice President of Commercial Lending at Citizens Bank with 15 years of experience managing a $50MM portfolio. Proven track record in risk management and client relationship building, achieving a 20% increase in loan approvals. Expert in loan packaging and financial analysis, driving significant growth while ensuring compliance and operational efficiency. Performance-oriented, professional, and resourceful, systematically improving procedures to achieve targets, and maintain agile, responsive business operations. Diplomatic leader with exceptional planning, organizational and management abilities. Versatile Senior Executive knowledgeable about sales, operations and personnel management. Successful at stepping into diverse positions and making immediate positive contributions. Focused on optimizing operations and motivating employees while establishing market dominance.

Overview

42
42
years of professional experience

Work History

Vice President Commercial Lending

Citizens Bank
Farmington, United States
03.2012 - Current
  • Manage $50M+ commercial loan portfolio
  • Member of Loan Committee $1B Bank
  • Oversight and Assistance of Bank Policy, State and Federal Regulations
  • Commercial Loan Closings of $500K - $10M per month
  • Advised and Facilitated Loan Closings with Assistants and Loan Operations
  • Coordinated, underwrote, and closed participating banks.

Commercial Loan Manager

University of Utah Federal Credit Union
Salt Lake City, UT
06.2009 - 03.2012
  • Oversight Commercial Loan Department with a loan portfolio of > $100M
  • Managed or coordinated with Employees with responsibilities including underwriting, servicing, processing, booking, and all other commercial lending functions.

Commercial & Residential Mortgage Loan Broker and Founder

AmeriFinancial LLC
Salt Lake City
02.2002 - 06.2009
  • Licensed Mortgage Broker with the State of Utah
  • Originated residential and commercial mortgages with balances > $5,000K
  • Managed 7 loan officers, 2 processors, and the office manager.
  • Obtained and maintained funding sources with FHLMC, FNMA, Alt A, and national commercial lending funding sources

Sr Compliance Executive

Draper Bank
Farmington, United States
01.1997 - 02.2002
  • The manager of bank Compliance Department is reviewing procedures, practices, and adherence to safety and soundness, as well as consumer compliance, providing low results with state, federal, and internal loan review exceptions.
  • Provided processes and support to correct systemic and operational weaknesses.
  • Attended Loan Committee making recommendations to assist applications and proposals to meet regulatory requirements and bank guidelines

Commercial Bank Examiner

Federal Reserve Bank and State of Utah
San Francisco, CA / UT
06.1987 - 02.2002
  • Assessed commercial bank compliance to safety and soundness pertaining to adequacy of Capital, Asset Quality
  • Management, earnings, and liquidity, and also identifying regulatory violations and recommending corrective actions.
  • Conducted financial analysis to evaluate bank stability, improving oversight, and risk management.
  • Collaborated with cross-functional teams to develop examination procedures, enhancing efficiency.
  • Reviewed loan portfolios to ensure adherence to banking laws, reducing default rates.
  • Prepared detailed examination reports, providing actionable insights for senior management.

Commercial Loan Analyst

Tracy Collins Bank
Salt Lake City
03.1983 - 06.1987
  • Analyzed financial statements, underwrote loans, and created loan presentations for Loan Committee approval.
  • Collaborated with loan officers on structuring, boosting loan production, asset quality, and closing.
  • Managed collateral analysis for diverse lending, ensuring thorough risk assessment.
  • Oversaw the construction loan draw process and collections, improving efficiency and accuracy.
  • Collected delinquent accounts.

Education

Bachelor of Arts - Finance Major, Spanish Minor

Weber State University
Ogden
06.1987

Skills

  • $50 million Commercial Loan Portfolio 15 Yrs
  • Construction, Development, CRE, DI, LOC, SBA, Participation, Conventional
  • Executive Approval on Loan Committee
  • High Profitability with Strong Risk Management
  • Lowest Delinquency Rates
  • Oversight Commercial Department FIRREA, Appraisal & Evals, HVCRE, HMDA, ECOA, Reg B, Flood & more
  • Abrigo Underwriting Application
  • Proficiency in Financial and Tax Return Analysis / Spreads
  • Loan Packaging & Closing
  • Customer Relationship Mgmt

Languages

English - Primary / Spanish - Secondary

Affiliations

  • San Juan Rotary President & Board Member / Big Brothers Board / City Civic Center Board / San Juan Jazz Society Board and VP

Timeline

Vice President Commercial Lending

Citizens Bank
03.2012 - Current

Commercial Loan Manager

University of Utah Federal Credit Union
06.2009 - 03.2012

Commercial & Residential Mortgage Loan Broker and Founder

AmeriFinancial LLC
02.2002 - 06.2009

Sr Compliance Executive

Draper Bank
01.1997 - 02.2002

Commercial Bank Examiner

Federal Reserve Bank and State of Utah
06.1987 - 02.2002

Commercial Loan Analyst

Tracy Collins Bank
03.1983 - 06.1987

Bachelor of Arts - Finance Major, Spanish Minor

Weber State University

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