CHAPTER TWENTY-NINE
THE FIRST Friday in December was a long day for Logan. The morning had begun with several protracted conversations between OCC examiners and the heads of the various divisions within Global United, sandwiched around a very involved commercial loan closing that had required his direct involvement. Rounding out the day had been a late afternoon meeting with regulators, the purpose of which was a follow-up discussion of certain loans determined as substandard during the examination. At issue with respect to these loans of lesser quality was the resulting adequacy of the bank’s Allowance for Loan and Lease Loss Reserve to cover any losses that might occur as a result of such problems. All of this had necessitated Logan’s involvement as the bank’s senior lender.
Once these
