ERNEST D.

HUGGARD, CPA
320 East Kelly Drive Galloway, New Jersey 08205
eh691682@westpost.net 609-226-5056

PROFILE:
A successful executive of progressively responsible and diverse experience gaine
d in the financial services industry. Motivated, results-oriented executive with
proven leadership experience in building and managing strategic business units,
including professional staffs. Proficient in identifying issues and formulatin
g solutions to financial, operational, compliance and regulatory risks.
PROFESSIONAL EXPERIENCE:
Crown Bank, Brick, NJ 2009 to present
Senior Vice President, Chief Mergers and Acquisitions Officer
Responsible for the due diligence, acquisition pricing and complete integration
of services, systems and personnel into Crown Bank. Responsibility will an FDIC
assisted transaction; I was the appointed settlement designee dealing exclusive
ly with the FDIC in all aspects of the acquisition .Execution of substantially a
ll processes involved for a newly merged bank. Created staffing models and cons
olidation strategies to maximum efficiency and overall cost savings. Managed re
lationships with all vendors, regulators, attorneys and consultants to ensure a
successful conversion.
* Organized, implemented, converted a $160,000,000 bank.
* Directed processes for a successful merger
* Reduced operating expenses by 50%
First Bank, Williamstown, NJ 2007 to 2008
Director, Senior Vice President, Chief Operating & Chief Financial Officer
Responsible for the design, development and execution of substantially all strat
egies for a newly organized bank. Created for all aspects of the bank's financi
al management and staffing model. Managed relationships and executed contracts
with all vendors, regulators, attorneys and consultants. Developed partner-lev
el relationships with the Bank's independent auditors; dialogued on new accounti
ng standards and the bank's strategic direction. Severed on several Board of Di
rectors committees including ALCO, Asset Quality and Executive.
* Organized, implemented, founded a new community bank with all regulatory appro
vals.
* Directed the re-capitalization as a de-nova bank.
* Managed $61 million in asset growth in 1.75 years.
Parke Bancorp, Inc. Sewell, NJ 1998 to 2006
Senior Vice President, Chief Operating & Chief Financial Officer
Responsible for the financial and operational start-up of a state chartered comm
ercial bank, including integration with affiliate systems and financial reportin
g processes. Responsible for the application of GAAP, the conduct of the indepe
ndent audit and the preparation of the annual report, quarterly FDIC call report
, SEC filings, FRB reports and monthly management reports and forecasts.
* Helped earn an above average return on average assets (1.40%) and equity (16%)
as a de-nova bank.
* Directed $375 million in asset growth in 8 years.
* Formed a bank holding company, issued trusted preferred securities and conduct
ed an Initial Public Offering three years after a successful Community Offering.
Cape Bank Bancorp, Cape May Court House, NJ 1996 to 1998
Comptroller, Assistant Treasurer
* Implemented Cash Management system increasing earnings by seven basis points o
n average assets.
* Participated as a member of interest rate risk committee and reduced interest
rate sensitive liabilities by twenty-six percent.
* Reorganized entire Accounting department of nine people to create a new positi
on with-out increasing salaries.
Ernest D. Huggard, CPA, Galloway, NJ 1994 to 1996
Owner
* Coordinated due diligence for $43,000,000 loan sale of non-performing assets.
* Supervised regional reconciliation of various loan sales.
* Simplified and standardized accounting processes for major sales initiatives.
* Controlled asset disposition of institutions owned by the Resolution Trust Cor
poration.
Roebling Savings & Loan Association, Roebling, NJ 1989 to 1994
President & Chief Executive Officer
* Directed institution through re-regulation of FIRREA.
* Increased earnings 25 fold in four years.
* Strengthened capital by 200% in five years.
* Doubled assets during my tenure as CEO
LIFE EXPERIENCE:
New Jersey National Guard 1979 to 2007
* Retired rank of Lieutenant Colonel.
* Previous assignments include command of an Armor Platoon, Company and Battalio
n. In addition, served as an Inspector General for 5 years in conducting invest
igations and supervised interagency Homeland Security and Albanian relations.
* Earned 3 Meritorious awards and several achievement medals.
Galloway Township Board of Education 1998 to Present
* President from May 2000 to present
* Previous assignments include Vice President, chairman of finance, negotiations
and technology committees.
* Generated community interest in building a new middle school couples with havi
ng the referendum approved by the tax payers.
Galloway Township Resident 1984 to Present
* Married to Mary with three children, Doug, Drew and Catie.
* Coached youth soccer, basketball and rowing.
Education
* LaSalle University Bachelor of Science
* Richard Stockton College Masters of Business Studies