I. JOHN CLEMENT, CPA (901) 734-1437

EDUCATION: University of Louisiana – Monroe, Louisiana, Bachelor of Business Administration

in Accounting. Graduated May, 1991.

EXPERIENCE: Magna Bank, Memphis, TN May 2011 – present $500 million Bank with $350

million in Mortgage Origination and $1 billion Mortgage Residential Servicing.

Senior Vice President, Risk Officer

Oversee Risk Assessment of the Bank

Work with various groups to reduce risk and ensure adequate insurance coverage

Oversee compliance and internal audit work performed by third parties

Member of the ALCO and Loan Oversight committees and chair Compliance

Evolve Financial Group, Memphis, TN January 2007 – November 2010 (200 full

time employees with Revenue of $20 million annually for a $180 million Bank in

Eastern Arkansas Chief Financial Officer, Chairman of the Board for Evolve

Securities, Inc. and President of Evolve Financial Services.

Chief Financial Officer for holding company, bank, securities, investment advisor

and mortgage subsidiary with $50 million a month mortgage transactions per month

Oversee financial and regulatory reporting for the holding company and subsidiaries

Work with insurance carrier for subsidiaries and holding company

Oversee HR/IT/Insurance function for all companies

Assist in capital raises

Thompson Dunavant PLC, Memphis, TN September 2004 – January 2007

(100 Audit and Tax professionals) Manager

Lead and developed Sarbanes-Oxley compliance practice, Internal Audit services,

Banking, special projects and services, SAS 70 and compliance and due diligence

assistance

Lead on 2 $1 billion plus international company Sarbanes-Oxley 404 project (4,000

hour project)

Lead on $500 million international subsidiary consulting for new software

applications, policy and procedure, documentation, gap analysis and remediation for

Sarbanes-Oxley 404 (1,500 hour project)

Develop Internal Audit services and locate 2-3 year engagements

Provided PATRIOT Act compliance letter for broker dealer client

Union Planters Corporation, Memphis, TN May 2003 –July 2004

($32 billion bank holding company)

Vice President, Corporate Audit Director/Enterprise Risk Management

(“ERM”) Relationship Director

Report to Chief Risk Officer and Audit Committee status of the audit plan and

regulatory matters

I. John Clement

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Lead for Union Planters in development and risk analysis of Sarbanes-Oxley 404

and lead for plan to document, test and remediation for all 38 business units

Relationship ERM Director which manages 5 relationship managers for the

business units of the bank holding company (ERM division consists of Audit, Loan

Review, Compliance, Insurance, Vendor Management, Security, Business Recovery

and Operational Risk)

Participate on the Union Planters’ commitment to Credit and Lending Excellence

Committee (“UPsCALE”), Operational Risk Management (“ORM”) Committee,

Information Technology Risk Committee and Project Review Board

Relationship Director for the Corporate Finance (CFO, Controller and Financial

Planning), Tax and Shared Services, Information Technology, Human

Resource/Payroll groups and manage 5 relationship directors with responsibility for

remaining business units.

Work at the direction of Audit Committee and Legal Counsel on significant alleged

internal and external fraud cases

ServiceMaster Corporation, Memphis, TN ($5.1 billion Home service corporation)

Vice President of Finance, Shared Services Jan. 2001 – May 2003

Report quarterly and annual financial information to Parent Corp for the support

services in Memphis. Monthly review of Memphis Support services financials to

budget and forecasts.

Report directly to Vice President of Strategic Sourcing and worked with the Vice

President Supply Chain Management, Vice President of Fleet and Vice President of

Real Estate.

Work with Operational, Financial Officers and Consultants to identify cost savings

in each business unit, track cost savings initiatives monthly for each business unit

and direct effect on operational results. Annualized savings of $30 million identified

with the help of consultants.

Assisted in the business case analysis for consolidated Payroll, Benefits and Human

Resources Department. Prepared the business case for in-house versus outsourcing

Payroll, Benefits and Human Resources systems which included payback period,

implementation teams (internal), sequencing with business units, consulting

(software provider and outside consultants), and evaluate ROI/cost avoidance with

buy in from each business unit officer and division officer.

Worked with shared services department managers to develop strategy to centralize

various shared services groups of approximately 250 people throughout the

organization (Telecom, Fleet, Real Estate, Payroll/HR, IT, Accounts Payable

(including Commercial Card strategy), and Mailroom, Strategic sourcing and Supply

Chain).

Assist Senior Officer in managing five assisted living facilities with annual income

of $6 million. Review budgets and monthly results with management company and

set occupancy targets, review cash management, review staffing and review

regulatory compliance.

Managed a $7.2 million, 70,000 square foot building and deal with tenant for lease

payment.

Assist in evaluation, analysis, and packaging of business units for sale or phase out.

John Clement

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Manager, Accounting and Business Practices, March 1998 – 2000

Worked with management of major business unit ($780 million) to implement

budget, forecasting and profit recognition within system parameters.

Evaluated billing system of European operations ($500 million) and worked with

management to identify and recover stale accounts receivables. Resulted in CFO of

UK Operations offer.

CFO reporting to Vice Chairman of ServiceMaster, CEO and COO of healthcare

subsidiary with $300 million in annual revenue for two years. Analyzed six business

units, developed models for staffing at corporate, and business units as units were

sold or phased out. Preparation of budgets, monthly reviews with operations,

quarterly financials for Parent and disclosures. Re-organization and structure of

company. Oversaw 50 accountants responsible for $500 million in managed

revenue. Evaluation resulted in $150 million in write off of accounts receivables and

impairment of goodwill.

Interim CFO evaluating Medicare Part B billing company. Reviewed and

reengineered operation processes due to new regulatory requirements. Replaced the

operations officer for approximately six months overseeing 65 employees, until a

suitable candidate was recruited. .

Price Waterhouse LLP, Memphis, TN Senior Accountant, 1993 – 1998

Consolidated audit procedures, supervised auditing and reporting matters, worked

with SEC filings, MD&A disclosures and various regulatory matters.

Client directed pro forma financial statement preparation, due diligence (Client

grew from $5 billion to $35 billion in 5 years), cost savings analysis, review of

restructuring charges and regulatory applications.

Headed a conversion team of fifteen staff, implementing new investment securities

financial system ($3 billion investment Securities).

Union Planters Corporation, Memphis, TN & Nashville, TN, Corporate Financial

Auditor, 1991 – 1993

Conducted full-scope Internal Audits and assisted Price Waterhouse LLP with

acquisition audits for $32 billion multi-state bank holding company with thirty-

eight subsidiary banks.

Phoenix Cardinals, Phoenix, AZ

Professional Football Player – Offensive Lineman 1988

John Clement

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ACTIVITIES

AND HONORS: Cummins Mid-South Katrina and Rita Relief Board of Directors

Board Member for CPS (a pharmacy subsidiary of ServiceMaster) American Institute of Certified Public Accountants, Member

Tennessee Society of Certified Public Accountants, Member

Offensive Captain, National Championship Team, University Louisiana - Monroe,

1987, First Teams:1987, All American, First Team Southland Conference and All

Louisiana

ULM Hall of Fame 2009

ULM Hall of Fame 2012 with the 1987 National Championship Team