Jeffrey P. Gaia: An Industry Expert and Credible Witness

Jeffrey P. Gaia recently retired as the President and Chief Executive Officer of The Biltmore Bank of Arizona, a de novo community bank that he co-founded in 2003. He has more than 34 years of professional experience, 29 of which was spent in the financial services industry.

Background in the Financial and Banking Industry

Prior to his tenure at The Biltmore Bank of Arizona, Mr. Gaia was the Managing Director for the Retail Banking Group for California Bank & Trust, the $9 billion subsidiary of Zions Bancorporation. He had full P&L responsibility for consumer and small business activities covering 80 branches located throughout the state of California.

From 1988 to 2000, Jeff worked at Bank One Corporation, in which his last position was President, National Business Banking Group. In this capacity, he ran the small business franchise nationally for Bank One Corporation.

The Business Banking Group was the 3rd largest lender to small businesses in the United States, with outstanding loans and deposit balances of $30 billion. During his career at Bank One Corporation, he held positions as Chairman and President of Banc One Mortgage Corporation, Chairman and President of Bank One, Utah N.A. and several other senior line and staff positions. These included Chief Loan Examiner, and Head of the Special Assets (Workout) Division with Valley National Bank, which merged with Bank One in 1993.

Earlier in his career, he was employed at Citibank in St. Louis, Missouri and London, England, where he ran a derivative trading operation and led early mortgage securitization activities in the UK mortgage market. He has deep experience in both public and private debt markets in the United States and abroad.

Educational and Professional Qualifications

Jeff’s education qualifications include a BS degree from the University of Missouri (1976) and an MBA from St. Louis University (1976). He has been a frequent guest speaker at various banking industry conferences, including those sponsored by BAI, American Banker, and European banking trade groups.

Past and Current Projects

Case No. CV-00-0062-PR

Supreme Court of Arizona

En Banc

Wells Fargo Bank, a National Banking Association,

Plaintiff - Counterdefendant -- Appellee

v.

Arizona Laborers, Teamsters and Cement Masons

Local NO. 395 Pension Trust Fund

Case No. CV-00-0062-PR

January 18, 2002

as corrected April 9, 2002

Read more about this case​ 

I provided a written report and trial testimony involving banking practice standards which led to the landmark Arizona Supreme Court Decision on breach of the implied covenant of good faith and fair dealing.

 

Case No. 2:14-cv-00545-RSL

Federal Deposit Insurance Corporation as Receiver for Washington Mutual Bank, Plaintiff,

v.

Arch Insurance Company, et al

Case No. 2:14-cv-00545-RSL

I provided a written report relating to a financial claim involving 135 fraudulent mortgages. The damages claim exceeded
$50 million

Case No. CV2009-015369

BMO Harris Bank National Association

v.

Fifty One Inc, et al

Case No. CV2009-015369

I provided a written report which involved normal and customary banking practices and standards of care. The case settled the day I was scheduled for trial testimony.

Case No. CV2007-008311

Aaron Zeese, et al

v.

Bank of America, N.A.

Case No. CV2007-008311

I provided forensic banking account analysis and a PowerPoint report covering violations of the Bank Secrecy Act and USA Patriot Act in support of mediation of this $30 million
Ponzi scheme.

Case No. CV2011-005803

M L Servicing Co Inc et al

v.

Greenberg Traurig LLP et al

Case No. CV2011-005803

I provided a written report involving violations of the Bank Secrecy Act and USA Patriot Act.

Case No. CV2015-009825

Goldwater Bank, N.A.

​v.

First Western Financial, et al

Case No. CV2015-009825

I provided an analysis and PowerPoint report covering mortgage office licensing requirements and data breach provisions of the Graham-Leach-Bliley Act.

Case No. CV2013-016601

Advanced Orthopaedics and Sports Medicine, P.C.

v.

​JPMorgan Chase Bank, N.A.

Case No. CV2013-016601

I provided a written report involving breach of written operating procedures and banking industry standards of care. This action settled prior to trial.

Case No. CV2010-027213

Abel Commercial Ventures, LLC, et al

v.

BMO Harris Bank, et al

Case No. CV2010-027213

I provided a written report and deposition testimony relating to construction lending practices and violations of the Bank's written policies. This claim involved the Bank's breach of the implied covenant of good faith and fair dealing.

Learn More About Jeffrey

Jeffrey is an avid mid-altitude, long-distance hiker, and has recently completed the 210-mile Coast-to-Coast trek, and the 92-mile Hadrian’s Wall trek in Northern England. He has also hiked 75 miles along the Inca Trail in Peru, entering Machu Picchu through the Sun Gate, and has completed several long-distance hikes in the Dolomites. Check out this video of his latest adventure:

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Last day and the sun is shining!

A post shared by Jake’s Excellent Adventure (@jeff_4242) on