These types of dominion stipulations can be at the heart of any workable ABL, allowing both the financier and the borrowing company to work together in a relationship that ensures protection for all the parties involved and promotes economic success, whether in good times or challenging ones. Ultimately, this is done with the aim of returning the ABL client to the traditional commercial lending sector. Generally, business owners and their management teams benefit from dominion of funds and borrowing base reporting protocols as it exposes a business’s true operating cash flow. When embraced, dominion of funds provides a highly useful management tool. FROM THE BOARD ROOM Sharon Walker was elected chair of the board for First Federal Savings Bank, Evansville, at its November meeting, and Kenan Schultheis was re-elected to his position as vice chair. Walker, founder and president of The Long View Group LLC, a finance and strategy consulting firm, has been on the board since July 2022. Schultheis joined the board in April 2021. He is secretary-treasurer and vice president of Schultheis Insurance in Evansville. Wes Herschberger joined the board for First State Bank of Middlebury in January. An entrepreneur with more than 30 years of experience in the technology and IT services industries, he founded and chairs the board of MapleTronics Computers, a leading IT service provider based in Goshen. He actively serves on the boards of the Goshen Health Foundation, Greencroft Communities and Maple Grove Community Church. The National Bank of Indianapolis added two new members to its board in November. John E. Bourquard served as principal and national practice leader of credit risk and loan review services at Forvis Mazars LLP, an IBA associate member, from 1998 until retiring last year. Charles “Chuck” E. Schalliol most recently served the international law firm of Faegre Drinker Biddle & Reath LLP as a senior advisor. He currently serves on the board of Heritage Construction and Materials Company and is a director of the Purdue Research Foundation and the Indiana University Research and Technology Corporation as well as chair of INvestEd, Indiana’s financial education and literacy corporation and an IBA associate member. Schalliol previously served as director of the Indiana Office of Management and Budget and chief financial officer for the State of Indiana under Gov. Mitch Daniels. Rhett Rowe CEO Bridge Business Credit Rowe@BridgeBusinessCredit.com Bridge Business Credit is an associate member of the Indiana Bankers Association. MARCH/APRIL 2025 13
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