Executive Biographies - Timothy V. Talbert

Timothy Talbert is LCA’s Senior Vice President of Credit and Originations and President of LCAB. His principal responsibilities include development and maintenance of LCAG’s credit policies and credit scoring parameters. In addition, LCAG’s Documentation Processing Departments reports to him.

During his tenure, Mr. Talbert has implemented a number of changes in LCAG’s credit policy and procedures to more accurately reflect the risks inherent in LCA’s core business. Important elements of the changes were the development of appropriate scoring parameters and the integration of the Fair Isaac scoring model into the credit approval process. Use of the scoring model in conjunction with the development and application of prudent credit criteria has dramatically reduced the incidence of portfolio wide defaults and substantially reduced the cost of the credit approval process. Under his guidance, LCA is developing an extensive database that allows it to monitor the consistency of the credit decisioning process and react quickly to changes in the economic environment. Mr. Talbert was also instrumental in the reorganization of the documentation processing procedures, which have increased that area’s effectiveness and efficiency.

Prior to coming to LCA, he served as Senior Vice President and Director of Asset Based Lending and Equipment Leasing for Huntington National Bank. Before joining Huntington, Mr. Talbert spent a number of years with Comerica Bank. While at Comerica, he was instrumental in the formation and start-up of Comerica Leasing. In addition, he held a number of credit administration and managerial positions with the company including Chief Credit Administration Officer and Senior Vice President in charge of middle market lending at Comerica – Illinois.

Mr. Talbert also serves as a Director, chairman of the compliance committee and member of the audit committee of Vishay Precision Group, a New York Stock Exchange traded manufacturer of resistive foil technology products. Previously, Mr. Talbert served on the board and audit committee of Siliconix, a publicly traded manufacturer of integrated power management semi-conductors.

He received his Bachelor’s Degree in Economics from University of the Pacific in 1968 and his MBA from the University of Notre Dame in 1970.