Carlson Trust Company of Richmond

Carlson Trust Company of Richmond - Carlson T rust Company...

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Carlson Trust Company of Richmond, Virginia has a long-term banking relationship with Padgett Paper Product’s Inc. Historically Padgett has performed more or less seasonal transactions with Carlson Trust, smaller short-term loans and tax payments. But, as a result of inflation and a recent acquisition of a competitor (Tri-State Tablet Company), Padgett Paper Products, Inc’s financial needs have risen to a permanent level rather than being merely seasonal in nature. Management (Libris) at the company's bank must revise Padgett's debt structure in a mutually satisfactory manner. Because Libris was on a deadline to reflect the new debt structure on ‘the books? I feel that he rushed his preliminary ‘fancy agreements?to Padgett, nearly compromising the entire relationship just to save embarrassment with his superiors. Once settled though, he took a closer look at Padgett’s business and its entities and prepared a new set of forecasts for Padgett’s books, thus regaining the trust Padgett once had with the bank. In addition, Padgett noted a
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This note was uploaded on 04/24/2011 for the course FINANCE 344 taught by Professor Abc during the Spring '11 term at Abraham Baldwin Agricultural College.

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