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Arrive early and attend MBA's Mergers & Acquisition Workshop on January 28, 2019. This is a pre-conference event offered exclusively to IMB Conference attendees. View the workshop agenda and register here.

Schedule subject to change.

Note: Meeting rooms may change, so please refer to the on-site program for final locations.

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Monday, January 28, 2019

  • M&A Pre-conference Workshop: Session 2 - Views from an Acquiring Company Lens (Closed to Media)

    Location: Garden Room,
    Atrium Lobby Level


    Speaker(s)

    Bill Cosgrove, CMB, 2015 MBA Chairman, Chief Executive Officer, Union Home Mortgage Corporation

    Christopher Frieden, Partner, Alston & Bird, LLP

    Robert Bush, Head of Strategy, Home Mortgage, Citizen Bank

    Terry L. Schmidt, CMB, Executive Vice President and Chief Financial Officer and Principal, Guild Mortgage Company

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    Get Insights from a panel of mortgage executives from both banks and independent mortgage companies who are actively acquiring or investing in other mortgage companies. The facilitated discussion will include such topics as: thoughts on the most interesting deals of 2018; current deal structures – including equity stake transactions; and the value of acquiring mortgage servicing rights. Forward-looking predictions for 2019 will be raised – including how much consolidation to expect and what types of mortgage companies will continue to be attractive to buyers.

    Copy and paste this URL into your web browser to register for the M&A Workshop: 

    https://www.mba.org/store/events/conferences-and-meetings/mergers-and-acquisitions-workshop

    Questions? Contact the MBA Registration Team at meetings@mba.org for registration questions. 

    Speaker(s)

    Bill Cosgrove, CMB, 2015 MBA Chairman, Chief Executive Officer, Union Home Mortgage Corporation

    Bill Cosgrove, served as the 2015 Chairman of the Mortgage Bankers Association. Bill Cosgrove is the Owner and CEO of Union Home Mortgage Corp. headquartered in Strongsville, Ohio in the Greater Cleveland area. His mortgage banking career began in 1986 as a residential loan officer. In 1994 Mr. Cosgrove joined Union National Mortgage Co. and in 1998 was named President. Mr. Cosgrove purchased and became 100% stockholder of the company in 1999. In 2010.The name of the company was changed to Union Home Mortgage Corp. In 2007 Bill served as president of the Ohio MBA and in 2015 was the Chairman of the national Mortgage Bankers Association, becoming the first person from Ohio to serve the industry in both capacities. Previously, he served as chairman of MBA’s MORPAC Committee, MBA Board of Governors, and been a long-time member of the MBA Board of Directors. Awards include the distinguished Hoddup Award for his many contributions to the Ohio Mortgage Bankers Association, The National Mortgage Bankers Associations Burton C. Wood, National Legislative Service Award and the prestigious Andrew Woodward Distinguished Service Award, the highest honor bestowed on an individual member of MBA. Mr. Cosgrove has testified on behalf of the industry before Congress, House Financial Services and Senate Banking Committees and the Ohio House of Representatives. He has been interviewed by national publications, The Wall Street Journal, New York Times, USA Today, numerous trade publications, national and local news networks.

    Christopher Frieden, Partner, Alston & Bird, LLP

    Chris Frieden, co-leader of Alston & Bird’s Financial Services & Products Group, focuses his practice on public and private mergers and acquisitions and corporate finance transactions. Key players in the financial services industry, including banks, mortgage companies, wealth management, and investment advisory firms rely on Chris to guide them through business combination and securities transactions as well as ownership transition and succession planning transactions. His knowledge is also sought on corporate governance matters and new business formation and registration. Chris is recognized by Chambers USA: America’s Leading Lawyers for Business 2017 and 2018 for excellence in the area of banking and finance.

    Robert Bush, Head of Strategy, Home Mortgage, Citizen Bank

    Rob has been in financial services for more than 15-years, all of which have been served at Citizens Bank (aka Citizens Financial Group). He spent the early part of his career in retail banking, serving in different capacities. He eventually moved on to help the bank improve its financial performance through the execution of Lean Transformations and several other financial improvement programs that were tied to bank’s IPO in 2014. Rob moved into the Home Mortgage business of Citizens 3-years ago where he served as the Head of Strategy, helping to develop and implement critical initiatives throughout the business including the recent acquisition of Franklin American Mortgage Company (FAMC). He continues his work in the mortgage business, leading the integration of FAMC.

    Terry L. Schmidt, CMB, Executive Vice President and Chief Financial Officer and Principal, Guild Mortgage Company

    Terry Schmidt is an Executive Vice President, Chief Financial Officer and Principal at Guild Mortgage Company. Ms. Schmidt joined the company in 1985. She is responsible for the financial reporting, budgeting, cash management, warehouse lending and human resource functions. Ms. Schmidt also evaluates potential acquisition candidates, including transaction structures, and integration team management. Over the years she has performed system innovations and conversions related to her areas of responsibility as well as developing value added branch and company metrics, and designing a proprietary MSR valuation and impairment model. Ms. Schmidt has also served on the Board of Directors for Guild since 1996.  Ms. Schmidt also established The Guild Giving Foundation. The charity was formed to encourage employee volunteerism, support financial literacy and provide shelter for those in need.