Danny F.

Dukes, CPA, MBA, CFE

101 Avalon Court
Canton, GA 30115
770-521-0123
404-992-2265 Cell
SENIOR FINANCE, ACCOUNTING AND OPERATIONS EXECUTIVE
Finance & Accounting Management... Financial Institutions... Budgeting... Risk M
anagement and Audit... SEC Reporting... NASDAQ Compliance... Investment and Trea
sury Management... Deposit and Loan Operations... Human Resources...
Generally Accepted Accounting Principles... Accounting Standards....
Senior-level executive with advanced degrees and over twenty-eight years of dive
rsified experience in banking, finance, audit, risk management, controls and ope
rations management. Proven ability to improve operations, impact business growt
h by maximizing resource utilization and cutting costs when necessary. Accomplis
hments include analyzing and auditing financial systems, developing and coordina
ting investment management procedures, cash flow/funds management, asset liabili
ty management and automating operational systems. Strong qualifications in gener
al management, business planning, systems technology design and implementation,
investment portfolio management, bank operations and staff development/leadershi
p.
Strong research, analytical and development capabilities have been critical in m
eeting tight deadlines. Possesses excellent verbal and written communication ski
lls, contributing numerous reports for top executives, board of directors, exter
nal auditors and government regulatory agencies. Possesses expertise in identify
ing and resolving critical corporate problems which require an in-depth understa
nding of effective resource and financial management and control. Served repeate
dly as legal and external certified public accounting liason. Proficient with Ge
nerally Accepted Accounting Principles and accounting standards for the financia
l services industry.
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PROFESSIONAL EXPERIENCE
Appalachian Bancshares, Inc Ellijay, GA
Executive Vice President, Chief Financial Officer, Chief Operations Officer Octo
ber 2007 - Present
Chief Financial Officer for $1.2 Billion, two charter, NASDAQ, publically trade
d multi-bank holding company. Serves on Asset Liability Committees, Audit Commi
ttee, and Corporate Governance and Compensation Committee. Also, reports financ
ial results and budget comparisons monthly to Board of Directors of Appalachian
Bancshares, Appalachian Community Bank and Appalachian Community Bank, FSB. Man
age shareholder relations, accounting, financial reporting, operations and risk
management for 13 branches in 3 states.
Financial Achievements
* Instrumental at converting cash management from correspondent bank to a direc
t relationship with the Federal Reserve Bank of Atlanta. This reduced related op
erating expenses by over 50%, providing a boost to profitability. It also create
d operational efficiences increasing cash availability and streamlined cash mana
gement.
* Avoided duplication of employee benefits by implementing an Employee Stock Opt
ion Plan with 401k provisions to allow potential leveraged purchases of APAB sto
ck during adventageous market periods for future employee awards.
* Replaced shareholder relations firm and personally authored annual reports, pr
ess releases and earnings conference call scripts saving over $125 thousand annu
ally.
* Implemented new system for foreign currency exchange and foreign wire transfer
s doubling income potential for this product offering.
* Negotiated all contracts improving service, product and saving money.
* Coordinated production of financial package for raising private equity capital
.
Operational Achievements
* Directed implementation of remote capture for customers and branches. Resulted
in all day, same day processing without cut-off decreasing financial float and
increasing efficiencies.
* Implemented procedures to ensure that new account documentation exceptions are
elevated to management if not corrected timely.
* Converted from ARTA to Compliance One, new account platform.
* Separated the Federal Savings Bank charter dependence on the state bank charte
r in less than 30 days.
Risk Management
* Managed enhancement of procedures for compliance activities which monitored mo
ney service businesses.
* Assisted in improving compliance with Flood Hazzard Protection Act.
* Directed transition to in-house Internal Audit Department.
Accounting Management
* Coordinated and managed consolidation of bank holding company subsidiaries.
* Prepared and managed process for quarterly and annual financial statements use
d for annual report and SEC reporting.
* Reviewed and edited SEC Form 10Q and 10K.
* Managed preparation of FDIC Call Reports and OTS Thrift Financial Reports.
* Prepared budgets and financial projections of both subsidiaries.
* Actively intergrated accounting projections with strategic planning process.

Callaway Partners, LLC Atlanta, GA

Senior Project Lead May 2005 -
October 2007
Project Lead while working directly with Director for Securities Accounting duri
ng Fannie Mae's re-audit and financial restatement project in Washington, DC. As
sumed duties for Director and Vice President allowing them to participate in the
financial restatement for four previous years. Managed both Fannie Mae personne
l and a team of 10 consultants.
Audit Accomplishments
* Supported Deloitte, the external auditors by providing PBC schedules and infor
mation. Also, provided supporting documentation and evidence for schedules.
* Worked directly with the asset pricing team as led by Price Waterhouse Coopers
. Assisted in resolution of issues related to Emerging Issues Task Force 99-20 a
nd Other Than Temporary Impairments. Provided accurate data for statification an
d pricing of Fannie Mae's investment portfolio.
* Utilized ad hoc report writer (SQL), to provide Fannie Mae's Financial Reporti
ng Team with restated numbers to correct previous reporting errors. Mapped all c
orrected data to data groups for use in reporting SEC Forms 10-K and 10-Q. Conti
nuing to manage these processes. Continuing to purify consistency in the securit
ies' database and provide additional data to Fannie Mae's regulator, OFHEO, and
management as requested by using SQL. Assisted in establishing SOX 404 complianc
e in Securities Accounting.
Operational Achievements
* Helped re-engineer financial reporting processes and systems for securities po
rtfolio. Securities Accounting and Financial Reporting were operating independen
tly causing financial irregularities. Coordinated and streamlined data feeds fro
m Securities Accounting to Financial Reporting to provide timely and accurate re
porting.
* Led significant data validation and correction efforts to purify the Securitie
s Accounting's database. This major project impacted and required interaction an
d cooperation of the Trading Department, Portfolio Management, Securities Accoun
ting and Financial Reporting departments.
* Led additional effort to securitize monthly Real Estate Investment Conduit (RE
MIC) collateral for new securities proposed by Fannie Mae. This effort provided
new securities for the financial markets.
* Directed an effort to obtain and update missing documentation for over 3,600 m
ortgage revenue bond securities owned by Fannie Mae.
Danny F. Dukes, CPA Canton, GA
Independent Consultant
November 2003 - May 2005
Provided accounting and consulting services to clients while enhancing efficienc
y and business models.
Mortgage Banking
Established a mortgage banking branch in Metro Atlanta for an out-of-state mortg
age company. Hired and trained all personnel. Established key relationships for
a successful business model. Directed all aspects of the project from the feasib
ility study, license applications and the business plan with proforma financial
statements.
De Novo Bank
Assisted in raising capital and the application for a new state chartered bank.
Negotiated all major contracts and helped set up operations.
Portfolio Management
Advised several banks concerning investment and asset liability management.
Merger and Acquisition
Acted as merger and acquisition liason and contract CFO for Chattahoochee Nation
al Bank. Worked with external accountants through the merger and acquistion of C
hattahoochee National Bank and First Capital Bank. Prepared Securities and Excha
nge Commission and regulatory filings pertaining to this merger. Assisted in ope
rational transition.
Chattahoochee National Bank Alpharetta, GA
Chief Financial Officer, Human Resource Manager,
Management Information Systems Manager
January 1999 - November 2003
Executive officer and member of a three person executive management team for a p
ublically traded bank holding company. Reported directly to President and Chief
Executive Officer. Attended and actively participated in monthly board meetings
as assistant corporate secretary. Directly responsible for retail banking operat
ions, bank operations, internet banking operations, human resources and manageme
nt of information systems. Actively managed the Asset Liability, the Audit and t
he Operations Marketing and Technology Committees. (Merged and eventually purcha
sed by RBC Centura)
Financial Accomplishments
* Helped grow de novo bank from $27.0 million in January 1999 to $145.0 million
in 2003. Achieved monthly profitability early in 2000.
* Succesfully managed a $45 million investment portfolio as a peer group high pe
rformer while matching cash flow and cash projections maximizing balance sheet l
everage.
* Designed leveraged Employee Stock Option Plan that allowed repurchase of stock
 during depressed market periods. After two subsequent mergers, many employees b
enefited significantly from this benefit.
* Coordinated and prepared annual budgets.
Operations Efficiencies
* Cross trained all staff and developed operational and procedural manuals to av
oid interruptions for staff and customers.
* Coordinated the design and implementation of http://www.bankthehooch.com. Man
aged the selection and implementation of Internet banking in 2000. Designed and
implemented internal controls for the Internet Banking system.
* In 2002-2003, managed the selection and implementation of a new core data proc
essing system.

Chattahoochee National Bank - continued-

Risk Management
* Implemented Sarbanes Oxley provisions by developing a risk assessment, monitor
ing and maintenance program.
* Responsible for policy design and implementing strategies for each committee.
* Liason between the Board of Directors for both external and internal audit fir
ms. Actively provided data and schedules for external audit and internal audits.

First Community Bank & Trust Cartersville, GA

Chief Financial & Operations Officer
March 1997 - December 1998
As an executive officer, reported directly to the bank president and chief execu
tive officer. Officers responsible for retail and bank operations and MIS manage
ment reported to this senior position. Also, responsible for internal and extern
al financial reporting. Prepared all necessary SEC Reporting Forms. Active parti
cipate in strategic planning and budgeting. (Merged in to National Bank of Comme
rce, Memphis, TN)
Financial Accomplishments
* Managed a $25 million investment portfolio. Increased tax equivalent portfolio
yield by 0.67% in less than nine months during a decreasing interest rate envir
onment.
* Managed periodic cash flows while maximizing interest margins.
* Key member of Asset Liability Committee. In March 97, over 20% of this banks e
arnings were at risk if interest rates increased 2%. In less than six months, im
plemented strategies to reduce this exposure to less than 1% of earnings.
* Responsible for negotiating significant contracts and purchases of fixed asset
s.
Risk Management
* As risk manager, negotiated and reviewed all insurance coverages for adequacy.
* Liaison between Board of Directors and external auditor.
Operations Management
* Designed and implemented profitability model that led to over $45 million of n
ew commercial deposit business.
* Assisted with the implentation of an enhanced ATM network allowing customers t
o use a large network of ATM's with no surcharges.
* Designed reporting system to allow better tracking of deposits and transaction
s.
Georgia Federal Credit Union Atlanta, GA
Chief Financial Officer March 1994 - March 1997
Reported directly to the President and Chief Executive Officer. Also, responsibl
e for internal and external financial reporting. Prepared annual budget. Success
fully managed $35 million investment portfolio. Managed periodic cash flows whil
e maximizing interest margins. Managed Assets/Liabilities. Active participate in
strategic planning. M & A experience. Liaison between Board of Directors extern
al and internal auditors.
Profitability Management and Reporting
* Implemented and managed cost accounting for 13 profit and cost centers.
* Designed and implemented a set of Board reports that allowed effective communi
cation of financial results numerically and paragraphically to facilitate differ
ent communication patterns of different Board members.
Operations Accomplishments
* Coordinated the building of 3 new branches and relocation of corporate headqua
rters.
* Redesigned processes for computer operations to facilitate better management d
ecisions.
* Increased timeliness of monthly closing procedures, reducing timeframe to 5 da
ys.
* Standardized ACH data transfer payroll processes for member groups.
* Converted 2 acquired credit unions.
Fayette County Bank Peachtree City, GA
Chief Financial Officer June 1993 - March 1994
Reported directly to the bank president. Officers responsible for retail and ban
k operations and MIS management reported to this senior position. Also, responsi
ble for financial reporting, internally and externally. Prepared all necessary S
EC Reporting Forms. Successfully managed $17 million investment portfolio. Incre
ased tax equivalent portfolio yield. Managed periodic cash flows while maximizin
g interest margins. Key member of Asset/Liability Committee. Responsible for neg
otiating significant contracts and purchases of fixed assets. Implemented a auto
mated, online, personal computer teller system. As risk manager, negotiated and
reviewed all insurance coverages for adequacy. Active participate in strategic p
lanning and budgeting processes. Liaison between bank and external auditors/inte
rnal auditors. Prepared schedules as requested for all audits. Coordinated all e
xternal audit confirmation requests. (Left due to a pending merger with a large
r regional bank, Bank South/Nations Bank.)
The Chattahoochee Bank
Marie
tta, GA
Internal Audit Manager
June 1991 - Ju
ne 1993
Formalized the internal audit and regulatory compliance functions. Reported to C
FO and Board of Directors. Responsible for design and maintenance of internal co
ntrol procedures. Worked with external auditors during their annual audit. Coord
inated all external audit confirmation requests. Followed any confirmation excep
tions to satisfactory conclusion. Also, provided schedules as requested to the e
xternal auditors. Instrumental at identifying and assisting in the correction of
major flaws in operational processes and internal controls. Member of Data Proc
essing Search Committee. Assisted in a conversion and implementation of a docume
nt imaging and payment system. Acted as an internal data processing and personal
computer consultant. Assisted in the implementation of a Novell LAN and in the
installation of an automated mortgage loan origination package. Left due to a me
rger with a larger regional bank. (Merged with Bank South/Nations Bank)
Citizens Bank
Dallas, GA
Controller
December 1989
- June 1991
Reported directly to the bank president. Responsible for financial reporting, in
ternally and externally. Successfully managed $18 million investment portfolio.
Increased tax equivalent portfolio yield. Managed daily cash flows while maximiz
ing interest margins. Key member of Asset/Liability Committee. Responsible for n
egotiating significant contracts and purchases of fixed assets. Involved in Merg
er and Acquisition work. As risk manager, negotiated and reviewed all insurance
coverages for adequacy. Active participate in strategic planning and budgeting p
rocesses. Liaison between bank and external auditors. Left due to a pending merg
er. Liason between Board of Directors and internal/external auditors. Provided s
chedules and assisted as requested. Coordinated all external audit confirmation
requests. Followed any confirmation exceptions to satisfactory conclusion. (Merg
ed with First National Bank, Gainesville, GA, then Regions Bank)
First Federal Savings and Loan Association
Warner Robins, GA
Controller/Internal Auditor
June 1987 - December 19
89
Established the internal audit and compliance functions. Reported to the Chairma
n of the Audit Committee and Board of Directors. Instrumental in improving contr
ols and procedures until September 1988. Implemented a formal audit calendar and
reporting procedures as recommended by external auditors. Late 1988, I became c
ontroller and was responsible for financial reporting, internally and externally
. Reported to the CFO. Managed daily cash, assets and liabilities for maximizati
on of interest margin. Responsible for personal computer and data communication
operations. Member of Data Processing Search Committee. Key member of a conversi
on and implementation team. Risk and fixed asset manager. Merger and acquisition
experience. Coordinated all external audit confirmation requests. Followed any
confirmation exceptions to satisfactory conclusion. Left due to a pending merger
with a larger regional bank. (Merged with Columbus Bank and Trust, Columbus, GA
)
Citizens and Southern Georgia Corporation
Macon, GA
Audit Officer
June 198
2 - June 1987
Developed as an internal auditor with broad exposure to all areas of bank branch
and operations. Wrote numerous audit programs and enhanced other audit programs
as deemed necessary during audits. Liaison with corporate legal and EDP audit s
taff. Managed audit staffs of up to nine professionals. Wrote audit reports in a
ccordance with Generally Accepted Auditing Standards and presented findings to m
anagement and boards. Provided Ernst and Whiney schedules, workpapers and other
support as requested. Worked directly with the merger and acquisition team for t
he acquisition of Florida banking operations.
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Adjunct Professor of Accounting
Keller Graduate School Atlanta, GA
 June 1996 - June 1998
Clayton State College Morrow, GA January 1994 - June 1996
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PERSONAL
Certified Public Accountant (CPA)
Certified Fraud Examiner (CFE)
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EDUCATION
Georgia College and State University
Milledgeville, G
A
Masters in Business Administration, Minor in Accounting June 1988
Obtained degree while working fulltime and travelling.
Mercer University Macon, GA
Bachelors of Business Administration in Finance, Minor in Economics June 1982

PROFESSIONAL ASSOCIATIONS
* Georgia Society of Certified Public Accountants - Member, Chairman of Financia
l Institutions Committee 1996-99
* American Institute of Certified Public Accountants - Member
* Association of Certified Fraud Examiners - Member
* Financial Managers Society - Member 2008, 2009
* Cherokee County Rotary
* Cherokee County Charter School Advisory Board
* Board Member for Cherokee County Property Tax Equalization Board