Join RMA West Michigan for an in-depth educational lunch designed to provide practical insights into identifying and understanding the leading indicators of bank and lender distress. Ask you questions and here the true stories from David Nemes, an FDIC expert!
Featuring: David Nemes
David Nemes brings more than 20 years of experience in entrepreneurship, consulting, financial analysis, accounting, and complex problem-solving across a broad range of industries. He earned B.S. degrees in Accounting and Finance from Miami University and is a Certified Public Accountant (non-practicing).
David currently serves as Managing Member of Business Company, LLC, Baking Company, LLC, and Tolman’s Wholesale Meats. At Business Company, LLC, he leverages his expertise in business turnarounds, sale transactions, and entrepreneurship to acquire businesses navigating succession planning or financial distress.
For over half of his career, Mr. Nemes has been a subject matter expert to the FDIC on resolving failed banks and managing liabilities associated with those failures. During the banking crisis starting in 2008, Mr. Nemes consulted for the FDIC on the resolution of over 20 banks with over $15B of assets. From 2012 through 2020, he was retained annually by the FDIC's Division of Resolutions and Receiverships (DRR) as an expert on projecting FDIC's total liability associated with the Loss Share Program. This experience gives Mr. Nemes a rare, firsthand insight into the mechanics and warning signs of institutional distress.
Moderated by: Stephen Weber
Stephen Weber is a Managing Director at Cascade Partners, focused on leading and growing our Grand Rapids Restructuring Practice. With more than 35 years of experience, Stephen brings a wealth of knowledge and expertise to our firm.
His industry background spans manufacturing, services, real estate, defense, and agriculture. Across these sectors, Stephen has guided clients through asset and cash flow analyses, operational optimization, development of performance metrics, and negotiations with lenders to refinance and stabilize businesses.
Stephen has advised numerous companies through turnaround situations. He has served as a court-appointed Receiver for multiple real estate developments, leading each to a successful sale while managing related litigation. He has also acted as a financial advisor to companies in bankruptcy, served as a liquidating agent in several wind-downs, and provided expert witness testimony in both U.S. Bankruptcy Court and state court.
Before entering advisory work, Stephen built a strong technical foundation in public accounting. He holds CPA, CFF, and CTA designations, along with BS degrees in Accountancy and Finance from Miami University (OH). He is an active member of the Turnaround Management Association and the Risk Management Association (Stephen founded the RMA West Michigan Commercial Lending Challenge- a university-level student competition designed to simulate real-world lending scenarios, while gaining hands-on industry experience and earning scholarships).