LARRY RUDOLPH WHITE Professor of Finance Education Doctoral: University of Georgia, Athens, Georgia Ph.D., 1985. (Concentration-Finance) Graduate: University of Georgia, Athens, Georgia MBA, 1975. (Concentration-Finance) Undergraduate: Mississippi State University, Starkville, Mississippi BA, 1969. (Concentration-Economics) Academic Appointments 2007-Present East Tennessee State University, Johnson City, Tennessee John H. Poteat Chair of Banking, Director of the Center for Banking, and Professor of Finance 2006-2007 Mississippi State University, Starkville, Mississippi Robert W. Warren Chair of Real Estate and Director, Management of Construction and Land Development Program 1993-2007 Mississippi State University, Starkville, Mississippi Director, Banking Excellence Program 1987-2007 Mississippi State University, Starkville, Mississippi Associate Professor of Banking and Finance (Tenured) 1984-1987 Mississippi State University, Starkville, Mississippi Assistant Professor of Finance 1980-1984 University of South Alabama, Mobile, Alabama Instructor of Finance 1979-1980 University of Georgia, Athens, Georgia Public Service Assistant, Small Business Development Center 1977-1979 University of Georgia, Athens, Georgia Chief Staff Consultant (Finance), Small Business Development Center 1976-1977 University of Georgia, Athens, Georgia Graduate Teaching Assistant, Department of Banking and Finance 1975-1976 University of Southern Mississippi, Hattiesburg, Mississippi LARRY RUDOLPH WHITE Relevant Non-Academic Employment 1973-1974 Loan Officer, Branch Management, and Business Development, The Farmers Bank, Monroe, Georgia 1970-1972 United States Navy. Ship’s Officer, Antisubmarine Warfare Officer, Gunnery Officer, Weapons Officer, Navigator, and Personnel Officer. Qualified as Surface Warfare Officer, Officer of the Deck and Command Duty Officer Recalled to active duty during Operation Desert Shield/Storm. Served as Commander, Port Security Harbor Defense Group ONE and Chief Staff Officer, Harbor Defense Command Faculty Development (2005-Present) Instructional Activities and Development Primary Teaching Area Finance Primary Course Responsibilities Fall 2005 Course FNCE 4723 Title Bank Management Section 001 Spring 2006 Course FNCE 4733 FNCE 8733 Financial Markets 001 FNCE 8223 Title Financial Inst. Management Capital Acquisitions & Allocations Corporate Liquidity Analysis Section Title Bank Management Mortgage Financing Section 001 001 Summer 2007 Course FNCE 3353 FNCE 8112 Title Applied Corporate Finance Banking & Financial Intermediation Section 201 001 Title Essentials of Finance Section 904 Summer 2006 Course FNCE 8723 FNCE 8112 FNCE 8122 Spring 2007 Course FNCE 4723 FNCE 4253 Fall 2007 Course BADM 5430 FNCE 4447 Summer 2008 Course FNCE 5000 Title Advanced Bank Management Case Problems in Finance Section 001 Fall 2006 Course FNCE 4723 Title Bank Management Section 001 FNCE 3353 Real Estate Finance 001 001 Title Real Estate Finance Capital Acquisitions & Allocations Section 001 001 Spring 2008 Course FNCE 4520 BADM 5430 Title Bank Policy App. Corporate Finance Section 001 001 Fall 2008 Course FNCE 4447/5447 Title Banking & Financial Section 001 LARRY RUDOLPH WHITE Spring 2009 Course FNCE 4520 BADM 5430 Title Bank Policy App. Corporate Finance Section 001 001 BADM 5430 Fall 2009 Course FNCE 3220 FNCE 4447/5447 Intermediation App. Corporate Finance Title Business Finance Banking & Financial Intermediation 201 Section 001 001 Instructional Innovations Use of Stanford Bank Management Simulation in FNCE 4520 as a tool to apply concepts covered in FNCE 4447 and FNCE 4500 courses. As a capstone course, draws on materials from a number of earlier courses, with emphasis on teamwork, analytical, written, and oral communications skills. Instituted “Banker in the Classroom” program in FNCE 4520, utilizing local bankers to share “real world” experiences and to serve as presentation evaluators on various topics. Professional Memberships and Certifications Beta Gamma Sigma Phi Kappa Phi Financial Management Association National Honor Society Omicron Delta Epsilon Financial Management Association Risk Management Association Southern Finance Association Southwest Finance Association Association for Financial Professionals Naval Reserve Association Military Officers Association of America Certified Treasury Professional (CTP) Honors and Special Recognitions Phi Kappa Phi National Scholastic Honorary Beta Gamma Sigma National Business Scholastic Honorary Omicron Delta Epsilon national Economics Scholastic Honorary Ayres Fellowship to attend the Stonier Graduate School of Banking, 1992 Mortar Board Professor of Eminence, 2000 Intellectual Contributions (2005 – Present) Peer Reviewed Journal Articles “The Quiet Period is Making Noise Again,” (co-authored with Michael J. Highfield and Patrick A. Lach), Applied Financial Economics, 18:17, September 2008, 1363-1378. (A) LARRY RUDOLPH WHITE “Capital Gains, Dividends, and Taxes: Market Reactions to Tax Changes,” (co-authored with Mark Foster and Michael T. Young), Academy of Accounting and Financial Studies Journal, Volume 11, Number 1, 2007, pp. 9 – 23. “X-efficiency vs. Financial Ratios: Assessing the Quality of U. S. Commercial Banks.” Journal of Business and Economic Perspectives. Volume 32, Number 1, pp. 109-119, 2006. (co-authored with S. K. Lacewell and K. E. Rogers). (A) Other Professional Journal Articles Published Published Proceedings National and International International: National: “Capital Gains, Dividends, and Taxes: Market Reactions to Tax Changes: A Beginning.” Proceedings of the Academy of Accounting and Financial Studies. Volume 9, Number 2, pp. 13-18, 2005. (co-authored with M. Foster and M. T. Young). (A) Regional Papers Presented, Not Published “The Current Impact of TARP on Community Banks: A Statistical Analysis.” Presented at the Symposium Examining the Causes, Effects, & Consequences of the Financial Crisis, Birmingham, USA, October 2009. (co-authored with D. F. Kern and M. D. Foster). (A) “Measuring Performance within the Private Equity Industry: The Effects of Fund Reported Residual Values.” Presented at the Midwest Finance Association Annual Meeting, San Antonio, USA, March 2008. (co-authored with C. F. Beauchamp and M. J. Highfield). (A) “The Effects of Value Changes in Residual Values of Private Equity Fund Portfolios.” Presented at the Academy of Economics and Finance Annual Meeting, Nashville, USA, February 2008. (co-authored with C. F. Beauchamp and Matthew T. Alford). (A) “The Quiet Period is Making Noise Again.” To be presented at Southern Finance Association Annual Meeting, Charleston, USA, November, 2007. (co-authored with M.J. Highfield and P.A. Lach). (A) LARRY RUDOLPH WHITE “Performance and Fee Structure within the Private Equity Industry.” Presented at the Financial Management Association Annual Meeting, Orlando, USA, October, 2007. (co-authored with C. F. Beauchamp and M. J. Highfield). (A) “The IPO Quiet Period and the Impact of NYSE Rule 472 and NASD Rule 2711.” Presented at the Eastern Finance Association Annual Meeting, New Orleans, USA, April, 2007. (co-authored with M.J. Highfield and P.A. Lach). (A) Scholarly Books or Chapters in Books Other Outlets (Research monographs, In-house journals, Pedagogical journals, Papers presented at Faculty research seminars and workshops, Written cases with instructional materials, Instructional software, and Publicly available course material, e.g., on the WWW, etc.) Professional Consulting (Paid or Non-Paid) 2005-Present Hancock Bank, Bank Management Simulation Section, Management Associates Program 2005-Present Private Financial Management Consultant to financial institutions, small businesses and attorneys in the Southeastern United States on financial management issues. Service Professional 2005-2006 2004-2005 Mississippi State Chapter of Phi Kappa Phi, President Mississippi State Chapter of Phi Kappa Phi, Vice President LARRY RUDOLPH WHITE National and International International: Member of Editorial Board, Banks and Bank Systems, International Research Journal, 2006-Present National: Resource Person for the Mississippi State University; Office of University Relations for input for newspaper articles and radio and television appearances. Quoted in numerous publications, including The Wall Street Journal, American Banker, Clarion Ledger, etc., 1990-2007 Manuscript Reviewer for Journal of the Academy of Business Disciplines, 19992006 Participant in CTM Directors Workshop, Association for Financial Professionals, November, 2005. Regional Served on the Organizing and Program Committees for the Symposium Examining the Causes, Effects, & Consequences of the Financial Crisis, October 2009. Session Chair, Southern Finance Association, November, 2007 State and Local Presentation to the Advisory Board of the East Tennessee State University, Bristol Campus, on the duties, responsibilities, and capabilities of the Center for Banking. Presentation to the Bristol, TN-VA, Chamber of Commerce on the Causes, Effects, and Ramifications of the Financial Crisis. Hosted a luncheon and presentation by the Honorable Phil Roe, Congressman, 1st District of Tennessee for the region’s bankers. Hosted a luncheon and presentation by the Honorable Bob Corker, Senator, State of Tennessee for the region’s bankers. Conducted three meetings and two teleconferences with representatives from the Nashville Branch of the Federal Reserve Bank of Atlanta to discuss potential collaborative efforts in the Northeast Tennessee region. LARRY RUDOLPH WHITE Served as a guest on two segments of “Business Matters” radio show. Discussed various aspects of the financial crisis. Resource person for local media on various topics related to the banking industry, local financial conditions, and the financial crisis. Chairman, Planning and Zoning Commission, City of Starkville, 2004-2006 Member of Advisory Board, Mississippi Partnership Office, Federal National Mortgage Association (“Fannie Mae”), 2000-2007 Member, John K. Bettersworth Lectureship Series, 1996-2007 Member of Board of Directors, Golden Triangle Chapter of the Risk Management Association (formerly, Robert Morris Associates) 1996-2007 Regular Contributor, “News You Can Use” Features Mississippi State University; Office of University Relations, 1995-2007 Institutional University Coordinated a series of presentations on retirement planning for ETSU faculty and staff by Bill Trainor, Joe Mason, and Larry White that was sponsored by the HR Department. At Mississippi State University: Dissertation Committee Member, Minor Professor, First Reader, (Patrick A. Lach), 2009 Dissertation Committee Member, Major Professor, (Charles F. Beauchamp), 2007 Dissertation Committee Member, Minor Professor, Second Reader, (Magdy C. Noguera), 2007 Dissertation Committee Member, Major Professor, (Randall Valentine), 2006 Dissertation Committee Member, Minor Professor, First Reader, (Zeeshan Ahmed), 2005 Dissertation Committee Member, Minor Professor, First Reader, (Pawan K. Madhogarhia), 2005 LARRY RUDOLPH WHITE College At Mississippi State University: Strategic Planning Committee, 2005-2007 At East Tennessee State University: Strategic Planning Committee, 2007 Department At Mississippi State University Finance Faculty Search Committee, 2005. Departmental Promotion and Tenure Committee, 2005 – 2007 At East Tennessee State University Finance Faculty Search Committee, 2008 Public Organized and conducted a public forum on Public Awareness of the Safety and Soundness of Local Banking Institutions.