Your Banking/Finance Success Partner
Our Experience
SD Roberts Consulting is a full service financial specialties firm. We bring over 45 years of financial expertise including accounting, banking, legal, and mergers and acquisitions.
With over 45 years in banking compliance, lending, and legal, Mr. Roberts brings a well-rounded resume. Mr. Roberts has done everything from organizing and running a community bank, to assisting boards and management with regulatory issues. Mr. Roberts is well versed in banking regulations as well as safe and sound banking practices. Mr. Roberts has interfaced with the Federal Reserve, FDIC, and various State regulatory agencies.
Mr. Roberts holds a B.A degree in Finance and a Juris Doctorate as well as additional certificates and awards. Mr. Roberts was the chief consultant in establishing and running the only non-insured bank in the United States.
Mr. Roberts has served as a Chief Financial Officer for multiple holding companies and is well versed in books and records creation for external audits.
Mr. Roberts has sat on multiple boards involved in banking and finance adding expertise to committees, policies, and procedures.
Mr. Roberts as been involved as a legal mitigator as well as providing expert witness testimony for bank related litigation.
Sun First Bank - St. George, Utah 2011
SD Roberts was engaged to analyze the overall position of a $250 million bank in St. George, Utah. The bank had suffered FDIC scrutiny for a number of things, including poor asset performance, BSA issues, and fraud. SD Roberts provided on-site support for 8 months, meeting and advising the board, shareholders, and employees. We met with regulators and borrowers and restructured several relationships that extended the bank's life by a year.
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SD Roberts was instrumental in calming many fears expressed by the FDIC. Through our restructure, the FDIC gave the bank the opportunity to try to harrow the financial crisis of 2008-2011. In the end, SD Roberts worked with the FDIC to minimize any legal actions against board members and senior management employees. Prior to our involvement, the FDIC was ready to close the bank and prosecute the management and board. After we became involved, the FDIC allowed the bank to operate under our guidance.
Territorial Bank of American Samoa
2013-2019
Beginning in 2013, the Territory of American Samoa approached SD Roberts and inquired as to the establishment of a non-insured financial institution owned by the government of American Samoa.
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SD Roberts was the lean consulting firm for this endeavor. We drew up an ambitious plan for the raising of capital and the establishment of the bank. Throughout 20013-2015, SD Roberts structured all the policies and procedures, strategic plans, risk assessments, strategic alliances for card processing and cash delivery, together with ATM processing. SD Roberts initiated discussions with the Federal Reserve in order to clear cash through the FBR.
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The bank opened in 2016 without the ability to clear through the FRB, process credit/debit card transactions, or provide basic ATM services.
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Throughout 2016-2017, SD Roberts forged relationships with third party card processors, the FRB, and Congressmen and Senators for the purpose of establishing the bank. By 2018, the bank was functioning as a commercial bank with deposits that had begun at $10 million to over $70 million. SD Roberts was appointed President and CEO in August of 2018. I assumed that position until November 2019.
