Scouler & Company was engaged to review a community bank’s portfolio of loans and determine the adequacy of its loan loss provision and reserves. Our assignment includes reviewing risk rating procedures and credit criteria, determining the financial condition trends and stability, and, ultimately, to make a recommendation to the Lender based on our assessment of the above variables.

Scouler & Company was engaged to review a community bank’s portfolio of loans and determine the adequacy of its loan loss provision and reserves. Our assignment includes reviewing risk rating procedures and credit criteria, determining the financial condition trends and stability, and, ultimately, to make a recommendation to the Lender based on our assessment of the above variables.

Through Scouler’s efforts in coordination with Committee Counsel, we were able to obtain a superior result for the Crabtree & Evelyn unsecured creditors. In the plan of reorganization that was confirmed on January 14, 2010, the unsecured creditors were paid cash at confirmation of 45 cents on the dollar. This is a nine-fold improvement over the Debtor’s initial cash offer and an impressive result compared to recoveries in other recent retail cases.