Engagement Story

Inglewood engaged to provide workout banking assistance to a Northeast Ohio savings & loan

Inglewood was hired to assist in the workout of a specific portfolio of business banking and real estate loans in the bank's criticized loan portfolio, helping the bank avoid staffing up the special assets department.  Inglewood provided monthly reporting to meet internal requirements, and engaged with the bank's clients to facilitate repayment plans.   The portfolio was resolved within 12 months when the bank sold several of the loans, while other loans were repaid through Inglewood assisted liquidations.