Millennium Bank is a community bank located in Reston, Virginia. Like many small banks we have endeavored to remediate loan and asset issues that affect every active commercial bank loan portfolio. We address these issues primarily through internal resources, but we have utilized a select group or outside consultants to achieve our portfolio management goals.
Ms. Susan Arrowsmith of Asset Strategies has proved an invaluable resource to Millennium Bank in the management, workout and resolution of problem assets and bank “REO”. Her initiative, organizational skills, experience and vendor relations have allowed the bank to sell assets and achieve substantial internal cost savings.
I highly recommend Susan and her firm for any aspect related to real estate and/or commercial loan management.
Carl J. Wallace
Chief Credit Officer/EVP