The Peoples Bank, based in Biloxi, MS, faced a series of complex financial and operational challenges over a 25-year period. From distressed gaming and resort investments to troubled loans and proxy battles, the bank needed expert guidance to protect its assets, navigate high-stakes negotiations, and secure favorable outcomes for its stakeholders. Cascade Capital, led by Mark Calvert, was engaged to provide Capital Advisory, Fiduciary, M&A, and Tax Strategy services across multiple high-impact projects.

• Treasure Bay Gaming and Resorts: Provided pre-bankruptcy advisory to protect the bank’s interests and ensured full payment in accordance with terms.
• Copa Casinos/Island View Casino: Conducted due diligence, negotiated creditor concessions exceeding $25 million, and guided the transition to Island View Casino.
• Troubled Loan in Alabama: Developed a restructuring plan to stabilize the loan and protect the bank’s position.
• Troubled Car Dealership Loan: Structured favorable terms that allowed the bank to extend the loan, giving the borrower time to refinance.
• Participation Loan in Nevada: Resolved an imminent crisis with a large housing project by buying out another participant who had gone bankrupt, providing time to renegotiate with the borrower.
• Proxy Fight for The Peoples Bank: Prevented a hostile takeover by securing funding to buy shares, ensuring control over the proxy vote for five consecutive years.