Don Rigsbee

Don Rigsbee has twenty three years of experience managing distressed mortgages and real estate in the banking industry.  During that time, he served as a Senior or First Vice President within the same banking family, as banks were acquired.  Thus, Mr. Rigsbee served in senior positions over 23 years at JP Morgan Chase, Washington Mutual, American Savings Bank, American Real Estate Group, and American Savings & Loan Association.  In each case, the move to a different bank was caused by a bank acquisition.  In each case, Mr. Rigsbee was sought by the acquiring bank, and became the senior executive at the acquiring bank.

During his tenure, Mr. Rigsbee managed multi-family, single family, retail, office, industrial, hospitality, healthcare, SBA, Agency and CMBS assets.  He was also managed all REO management and disposition.  Within the bank, he was responsible for staffing and training the troubled asset division, developing policies and procedures, creating proprietary asset management systems and other risk management analytical tools.  He supervised legal and litigation processes related to foreclosures, receiverships bankruptcy, and lender liability matters.

Mr. Rigsbee also contributed to due diligence efforts on five bank acquisitions, and was responsible for loan portfolio due diligence.  During his 23 years as a senior manager, Mr. Rigsbee attained a superior record in recoveries from troubled assets, at the same time incurring no losses for lender liability claims.  In addition, he experienced no claims from investors or agencies on serviced loans, and no unsatisfactory audits or regulatory exams. 

Most recently, at JP Morgan Chase, Mr. Rigsbee was Senior Vice President managing the Special Credits Group.  He supervised a staff of 52 performing loan workouts, foreclosures, REO sales and other risk management and loss mitigation activities with focus on minimizing bank losses.

Previously, he was First Vice President, Special Asset Management for Washington Mutual (acquired by JP Morgan Chase) responsible for the management of  the problem assets for the $44 billion Multi-family, Commercial Real Estate, Home Builder Finance, Commercial Banking, Community Lending and Investments, and Small Business Administration business lines. He managed five regional offices located in California, Washington, Texas, and New York.  

EDUCATION

He completed his education in Business Administration from the University of Arkansas.