William R. Welch
Mr. Welch is a Certified Public Accountant and consultant, specializing in matters related to the banking and savings institutions industry since 1978. He has practiced public accounting independently since 1987 in accounting, business consulting and tax preparation. Mr. Welch is also an experienced expert witness specializing in matters related to calculations of economic damages and forensic accounting.
Since the early 1990s, Mr. Welch has provided expert testimony in a variety of bank related cases, including directors' and officers' liability, lender liability/prudent lending, appropriate lender/borrower relations, commercially reasonable banking practices, and cases pertaining to bank operations and generally accepted non-lender relationships and responsibilities. Mr. Welch has also provided exert testimony in matters involving economic damages, forensic accounting, and accountant's malpractice.
Mr. Welch has represented the FDIC as a consulting expert involving former directors' and officers' liability in litigation related to numerous failed banks since 2011. He has also been designated as a testifying liability expert on other failed bank litigation during that time. Mr. Welch's bank litigation and bank consulting experience includes lender liability, loan origination and administration standards, customary lending/borrower roles and responsibilities, loan participation, asset securitizations, loan committee duties and responsibilities, prudent lending standards, customary deposit replastionships, teller operation standards, check presentment, fraudulent endoresments, check kiting, and standards of ordinary care.