Looking for the Best Outcomes… Early Warning Signs of Troubled Companies

In a Q&A with ABF Journal, Carl Marks Advisors partner Joe D’Angelo discusses some of the many warning signs of trouble that companies face, including liquidity crises, negative performance variances, delayed monthly reporting and others. Ultimately, he says timing is critical — if you have more time, there will be more options and alternatives to improve troubled businesses.READ MORE >

Relaxed Bid Procedures Aided Post-Petition Marketing of Metropolitan National Bank

U.S. Bankruptcy Judge James Mixon’s July 31 order to substantially lower the bar for bids to compete with stalking horse Ford Financial Fund II LP proved key to Rogers Bancshares Inc.’s successful auction of its stake in Little Rock, Ark.-based Metropolitan National Bank. In this SNL Financial article Carl Marks Advisors partner Christoper Wu talks about reducing the bid protections of Metropolitan National Bank.READ MORE >

Bankruptcy Big Catch

The second quarter may not have had a great deal of activity on the bankruptcy front, but sifting through the cases that washed ashore in court provides a hint of what future tides may bring. In this Deal Pipeline interview Carl Marks Advisors partner Christopher Wu talks about what is happening in the marine transportation sector.READ MORE >

The Death of the Traditional Community Bank

Those interested or involved in the banking industry have read plenty about the state of community banks, as the past several years have proved challenging. Many banks rode the wave of easy access to capital, often through the issuance of trust-preferred securities and/or participation in the government-assisted Troubled Asset Relief Program. In this American Banker article Carl Marks Advisors partner Evan Tomaskovic talks about the increased M&A as healthier banks begin to consolidate smaller banks and the negative side effects.  READ MORE >