April 2023 Monthly Meeting
Date/Time
4/20/2023
11:00 AM - 1:00 PM Pacific
11:00 AM - 1:00 PM Pacific
Event Registration
Event Type(s)
Monthly Meeting
Event Description
How to Survive a Financial Crisis: Best Treasury Practices In A Time Of Banking Turmoil
Location
Details
NWAFP is excited to welcome you back for an in-person lunch meeting at the Washington Athletic Club in Downtown Seattle in three years!
Within 12 months, the Fed raised rates from near zero to more than 4.75%. Fears arose that something in the financial system would break, as the tightening revealed previously hidden vulnerabilities. Those fears seemed to materialize in the downfall of two U.S. banks, while a global player like Credit Suisse seemed to lurch on the brink of collapse or bailout. The market turmoil that followed raised questions of whether banks would pull back on lending at a rate that could increase the likelihood of a recession. For corporate treasury and banking professionals who worked during the 2008/2009 financial crisis, recent events have possibly resulted in deja vu. Corporate treasury’s work of protecting and managing a company's cash in challenging market conditions and keeping it easily accessible is once again in the spotlight - especially when large, uninsured account balances were suddenly not accessible anymore. Our panelists, Matthew Mullet, Chief Financial Officer of First Security Bank and Wade Olsen, Co-Founder of Treasury Suite, will talk about the current state of the financial system and what corporate practitioners can do to maneuver safely through these volatile times.
Wade Olsen
J. Wade Olsen is a co-founder of Treasury Suite, a cash management and treasury fintech that provides a simple but powerful Treasury Management System (TMS) and a unique relationship-oriented bank fee benchmarking tool. These solutions help companies of any size and industry better manage their cash, investments, and banking relationships. Prior to Treasury Suite, he served as the Central Treasury Officer (Treasurer) for Chugach Alaska Corporation, the Treasurer and VP Investor Relations for AMI Semiconductor, Treasurer and Director Investor Relations for Iomega Corporation, VP of Operations and Treasurer for Consonus, and the Director Investor Relations and Treasurer for TenFold. He is a Certified Treasury Professional (CTP) and earned a Master of International Management and MBA in Finance from Thunderbird School of Global Management and holds certificates in Japanese business and law from Kansai Gaidai University in Osaka, Japan, as well as a BA in Finance with a Minor in Japanese from the University of Utah.
Matthew Mullet
Matthew joined 1st Security Bank in July 2011 and was appointed Chief Financial Officer in September 2011. He began his banking career in June 2000 as a financial examiner with the Washington State, Department of Financial Institutions, Division of Banks. In 2004, Matthew accepted a position at Golf Savings Bank in Seattle. He served in a variety of capacities at Golf Savings Bank before his promotion to Chief Financial Officer in 2007. After the Golf Savings Bank merger with Sterling Savings Bank, Matthew held the position of Senior Vice President of the Home Loan Division at Sterling until resigning in 2011 to join 1st Security Bank. Matthew is inspired by the Bank’s commitment to its customers and to the communities it serves. Matthew serves on the Government Relations Committee with Washington Bankers Association. He volunteers with The IF Project, teaching Financial Literacy at the Washington Corrections Center for Women. He also works with a nonprofit school as its treasurer and is passionate about youth education.
Registration
The admission price is $60 including buffet lunch. To register for this meeting, click "Register for this Event" blue button on left side of the page.
Logistics
The meeting will take place at Washington Athletic Club (WAC) at 1325 Sixth Avenue, Seattle, WA 98101. Meetings are two hours - networking begins at 11am, lunch is served at 11:30am and our program begins at 12pm.
The WAC is two blocks away from Westlake Light Rail Station. NWAFP provides a 2-hour parking validation when parking in the WAC garage, 1409 Sixth Avenue. This is located a half-block north of the WAC on Sixth Avenue, across from Sheraton Grand Seattle hotel. (From I-5 South bound, exit Union Street, right on 6th and garage entrance on immediate left. From I-5 North bound, exit Seneca, slight right on 6th, garage is two blocks north on left.)
Within 12 months, the Fed raised rates from near zero to more than 4.75%. Fears arose that something in the financial system would break, as the tightening revealed previously hidden vulnerabilities. Those fears seemed to materialize in the downfall of two U.S. banks, while a global player like Credit Suisse seemed to lurch on the brink of collapse or bailout. The market turmoil that followed raised questions of whether banks would pull back on lending at a rate that could increase the likelihood of a recession. For corporate treasury and banking professionals who worked during the 2008/2009 financial crisis, recent events have possibly resulted in deja vu. Corporate treasury’s work of protecting and managing a company's cash in challenging market conditions and keeping it easily accessible is once again in the spotlight - especially when large, uninsured account balances were suddenly not accessible anymore. Our panelists, Matthew Mullet, Chief Financial Officer of First Security Bank and Wade Olsen, Co-Founder of Treasury Suite, will talk about the current state of the financial system and what corporate practitioners can do to maneuver safely through these volatile times.
Wade Olsen
J. Wade Olsen is a co-founder of Treasury Suite, a cash management and treasury fintech that provides a simple but powerful Treasury Management System (TMS) and a unique relationship-oriented bank fee benchmarking tool. These solutions help companies of any size and industry better manage their cash, investments, and banking relationships. Prior to Treasury Suite, he served as the Central Treasury Officer (Treasurer) for Chugach Alaska Corporation, the Treasurer and VP Investor Relations for AMI Semiconductor, Treasurer and Director Investor Relations for Iomega Corporation, VP of Operations and Treasurer for Consonus, and the Director Investor Relations and Treasurer for TenFold. He is a Certified Treasury Professional (CTP) and earned a Master of International Management and MBA in Finance from Thunderbird School of Global Management and holds certificates in Japanese business and law from Kansai Gaidai University in Osaka, Japan, as well as a BA in Finance with a Minor in Japanese from the University of Utah.
Matthew Mullet
Matthew joined 1st Security Bank in July 2011 and was appointed Chief Financial Officer in September 2011. He began his banking career in June 2000 as a financial examiner with the Washington State, Department of Financial Institutions, Division of Banks. In 2004, Matthew accepted a position at Golf Savings Bank in Seattle. He served in a variety of capacities at Golf Savings Bank before his promotion to Chief Financial Officer in 2007. After the Golf Savings Bank merger with Sterling Savings Bank, Matthew held the position of Senior Vice President of the Home Loan Division at Sterling until resigning in 2011 to join 1st Security Bank. Matthew is inspired by the Bank’s commitment to its customers and to the communities it serves. Matthew serves on the Government Relations Committee with Washington Bankers Association. He volunteers with The IF Project, teaching Financial Literacy at the Washington Corrections Center for Women. He also works with a nonprofit school as its treasurer and is passionate about youth education.
Registration
The admission price is $60 including buffet lunch. To register for this meeting, click "Register for this Event" blue button on left side of the page.
Logistics
The meeting will take place at Washington Athletic Club (WAC) at 1325 Sixth Avenue, Seattle, WA 98101. Meetings are two hours - networking begins at 11am, lunch is served at 11:30am and our program begins at 12pm.
The WAC is two blocks away from Westlake Light Rail Station. NWAFP provides a 2-hour parking validation when parking in the WAC garage, 1409 Sixth Avenue. This is located a half-block north of the WAC on Sixth Avenue, across from Sheraton Grand Seattle hotel. (From I-5 South bound, exit Union Street, right on 6th and garage entrance on immediate left. From I-5 North bound, exit Seneca, slight right on 6th, garage is two blocks north on left.)
Outlook/vCalendar/Google
Click on the icon next to the date(s) to add to your calendar:
| 4/20/2023 |    |
Email Reminder