Walter Davis is a founding member of Peachtree Providence Partners Holding Company, LLC, formed in 2014. The subsidiaries of the holding company specialize in advisory services, financial solutions, commercial insurance brokerage, and private equity investing. Peachtree Providence Partners is headquartered in Atlanta, Georgia and has an office in Charlotte, North Carolina. The holding company has built a strong portfolio of start-up and mature companies that benefit from capital and operational management expertise.
Peachtree Providence Partners pursues growth in its current business lines both organically, as well as, through joint ventures and investments. Mr. Davis deploys a hands-on approach to create value for these portfolio companies by rationalizing underperforming assets, generating cost savings, and maximizing liquidity. He leverages deep expertise with more than 25 years of industry experience to add value and growth to portfolio companies.
As a founding member at Peachtree Providence Partners, Mr. Davis collaborates with Board Chairs, CEO’s and Executive Management of client and portfolio companies in key sectors including, financial products, healthcare, technology, government, consumer products, higher education and professional services. He leverages an extensive network of proprietary sourcing relationships across various industries to develop and execute strategies addressing the specific needs of each client. Mr. Davis’ unique combination of corporate and entrepreneurial expertise provides critical insights that drive enhanced performance.
Mr. Davis is the former Vice Chairman, Chief Executive Officer and a founding member of CertusBank, N.A., a full- service, nationally chartered financial institution employing over 700 people in eleven states, and operating 35 branches across the Carolinas, Florida and Georgia. In his role as Chief Executive Officer, Mr. Davis oversaw Board governance and developed the strategic direction, capital formation and investor interaction that helped grow the organization into a $2.0 billion company organically and through acquisitions. Mr. Davis and the other three founders of CertusBank raised $500 million in capital commitments, and were the first team to be awarded a national bank shelf charter after the passage of Dodd Frank, the most comprehensive financial reform since the Great Depression.
As Chief Executive Officer of CertusBank, Mr. Davis provided executive direction and oversight for key business sectors including: credit risk management, consumer banking, small business banking, special asset bank, public policy and community development. Starting with the purchase of a bank in January 2011, Mr. Davis and the other founders purchased nine companies and successfully integrated them onto one platform.
In 2009, Mr. Davis co-founded and served as a Managing Partner of Integrated Capital Strategies, a distressed asset management and consulting company. The company managed more than $1 billion across several asset classes including mortgage, commercial and consumer.
Prior to founding Integrated Capital Strategies, Mr. Davis served as the Executive Vice President of Retail Credit and Mortgage Direct Lending at Wells Fargo Corporation, formerly known as Wachovia Corporation. During his tenure, Mr. Davis led Wachovia’s nationwide originations, underwriting, servicing, settlement services and default management functions for the Bank’s $70 billion retail credit and small business portfolio. Under his leadership, Wachovia Retail Credit received the J.D. Power #1 Customer Satisfaction Award in 2006 and 2007 for home originations and #1 in servicing in 2008.
Mr. Davis co-led Wachovia’s corporate initiative to refinance and restructure its $125 billion dollar troubled option ARM portfolio during the financial crisis. Mr. Davis also provided strategic leadership and direction to the Bank’s mortgage portfolio. This included managing a P&L with an end-to-end sales and fulfillment channel for all 50 states via indirect and affinity channels including: employee loans, wealth management, securities, relocation, direct mail, internet, and phone. Among his other accomplishments, Mr. Davis led the company’s largest divestiture, Home Equity Sub-Prime Servicing, to Barclays North America. He was responsible for directing Wachovia’s first offshoring “voice to customer” initiative to the Philippines, after leading the first Wachovia General Bank’s offshoring effort to India.
Prior to joining Wachovia, Mr. Davis was an executive at Bank of America in the Real Estate Syndicated Capital Markets Group. He was responsible for structuring and distribution of the Bank’s large real- estate transactions nationally, many of which included tax-exempt bonds and various tax-credit instruments. During his tenure at Bank of America, he developed and managed assets for multi-family and single family housing in its Global Financial Institution’s Real Estate Development Group.
Mr. Davis holds a Bachelor of Science Degree from the University of South Carolina and is a graduate of the USC School of Banking. Mr. Davis is also a graduate of the University of North Carolina at Chapel Hill’s Executive Management Program. Additionally, he served as a guest lecturer for the University of South Carolina International MBA Program in 2012 and 2013, and guest lecturer for the UNC Charlotte Graduate School of Real Estate Development in 2017. He has held Series 7 and 63 licenses, and holds the designation of certified affordable housing developer.
Currently, Mr. Davis serves as a member of the Advisory Board of Axum Capital Partners, a Charlotte based private equity firm. He also serves as a Trustee on the Business Partnership Foundation Board at the Darla Moore School of Business at University of South Carolina. Mr. Davis has been instrumental in advancing the Opportunity Zones legislation and subsequent regulations since its passage as a part of the Tax Cuts and Jobs Act of 2017. Mr. Davis travels the US to advise communities and municipalities on the intricacies of Opportunity Zones.
Additionally, he shares strategies on how best to attract and leverage private capital in distressed communities. Mr. Davis is the Chair of the Economic Inclusion Task Force for Vice President Pence and U.S. Senator Tim Scott.