Mr. McElroy has performed consulting engagements for financial institutions throughout the United States. He has worked in small community banks as well as multi-billion dollar financial institutions.

Office of the Comptroller of the Currency

Before selling his consulting firm to Sheshunoff Management Services, Mr. McElroy was approved as a contractor by the Office of the Comptroller of the Currency (“OCC”). He was approved by the OCC to assist in both safety and soundness and compliance examinations in national banks. As a contractor for the OCC, Mr. McElroy developed a problem real estate loan seminar that has been taught to National Bank Examiners throughout the United States.

Riggs National Bank

In 2004, Mr. McElroy managed a consulting engagement for Sheshunoff Management Services at Riggs National Bank in Washington, D.C. Riggs Bank was operating under a Cease and Desist Order issued by the Office of the Comptroller of the Currency because of alleged violations of the Bank Secrecy Act/Anti-Money Laundering regulations. It was reported in the press that customers of Riggs Bank were suspected of terrorist financing, international money laundering, and other criminal activity. McElroy led a team of consultants that reviewed the bank’s compliance with Bank Secrecy Act suspicious activity monitoring and reporting regulations. His findings and recommendations were included in the bank’s corrective action plans submitted to federal bank regulators.

Commercial Banks, Thrifts, Credit Unions

Mr. McElroy has provided consulting services to all types of financial institutions for more than 25 years. In addition to risk management services including loan reviews and compliance audits, he has conducted management studies for numerous institutions. Management studies are typically required by federal or state bank regulators when financial institutions run afoul of bank regulations or safety and soundness standards. Regulators must approve the management consultant conducting the management study prior to the institution engaging the consultant.

Expert Witness Clients

Mr. McElroy has provided expert witness services for more than 25 years. He has been engaged by financial institutions, individuals, law firms, government agencies, and major corporations. The following is a partial list of his clients:

• JPMorgan Chase
• CitiBank
• Comerica Bank
• Bank of Nova Scotia
• FDIC
• American Airlines
• Target Corporation
• AIG
• United States Trustee
• Texas Attorney General’s Office
• United States Navy JAG Corps