ACG Detroit | The Health of the Banking Industry & Lasting Effects from the Silicon Valley Bank Failure

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Event Details

When:

June 27, 2023 8 AM - 10 AM EDT

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Overview

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With the failures of Silicon Valley Bank, Signature Bank and First Republic behind us, there seem to be indications of stability in the bank market.  However, the lasting effects of three large bank failures are likely to be felt for a while.  Join our panel of experts as we discuss the impacts of the failures on regulations, competition for deposits, rising interest rates, and the deployment of capital to borrowers.

Members: $60

Non-Members: $85

 

Speakers

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Clayton Vanderpool

Clay Vanderpool (Moderator)

PNC Business Credit
Senior Vice President

Clayton is a Senior Vice President for PNC Business Credit where he focuses on financing LBO's, dividend recapitalizations, ESOPs, high growth, turn-arounds and cyclical businesses seeking flexibility and durability. He has spent nearly 18 years in Banking and finance but has also gained considerable experience serving as Vice Chairman of the Board for Waseyabek Development Company (a tribally owned economic diversification company) and as Managing Director for DWH, LLC a boutique Financial Advisory firm focused on M&A growth and succession strategies as well as turnaround and restructuring strategies. Clayton earned his bachelors of science in Accounting from Western Michigan University’s Haworth College of Business and his MBA from Wayne State University’s Mike Ilitch School of Business.

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TerriCable

Terri L. Cable

First Merchants Bank
Regional President

Terri Cable is the President for the Michigan region. With nearly 30 years of banking experience, Terri has held many leadership roles with National City Bank, PNC, First Merit, as well as with Bank Administration Institute. This experience includes senior level management roles in corporate banking, wealth management, capital markets, research and business intelligence. Early in her career, Terri was an accountant with PriceWaterhouseCoopers, LLP in the Audit and Special Projects Unit.

Her educational background includes a Master of Business Administration in Finance and Marketing from The Ohio State University and a Bachelor of Science in Accounting from Miami University in Oxford, Ohio. Ms. Cable maintains an active Certified Public Accountant designation.

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AlexConti

Alex Conti

UHY Corporate Finance
Managing Director

Alex is a Managing Director at UHY Corporate Finance. He has extensive experience in sell-side and buy-side M&A advisory across a wide range of industries. Alex specializes in leading generational, closely-held businesses and entrepreneurial partnerships through the preparatory, execution, and post-close phases of a deal process. He has advised on over $2 billion worth of enterprise value consisting solely of middle-market transactions. Alex is a registered representative with FINRA and serves as the President of the firm’s broker-dealer. He has been recognized repeatedly with awards from various industry trade organizations for his work in the M&A field.

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Chris Letts photo

Chris Letts

Morgan Stanley
Senior Vice President

As a Family Wealth Director- a designation held by less than 4% of Morgan Stanley advisors- Chris focuses his work on serving the most affluent clients of the firm.  He specializes in advising families considering substantial liquidity events due to the sale or recapitalization of a closely held business. In 2013, he cofounded The Pine Harbor Group, which currently advises on nearly $1.3B in assets under management and is among Morgan Stanley’s fastest-growing wealth management teams.  Pine Harbor was ranked by Forbes as one of the top-teams in the State of Michigan in 2023.  Chris is also an Alternative Investments Director, where he does firm-leading work for high-net-worth clients with non-public investments. 
Chris is a national advocate for Middle Market entrepreneurs. He was elected the President of the Association of Corporate Growth’s Detroit chapter where he worked with investment bankers and private equity executives to advance the interests of middle market businesses. Chris serves on the advisory board at MSU’s Eli Broad College of Business and helped his alma mater create an innovative Masters in Wealth Management Program- the first in the Big Ten and among the first Universities in the country.  Chris is a native of Toronto but is extremely proud of his adopted hometown city of Detroit and cares deeply about giving back to his community.  He is currently an advisor to Winning Futures, an award-winning non-profit committed to mentoring and empowering underserved youth.

Hosted by: ACG
Chapter
Detroit
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