December 22, 2016
By Bob Coleman
Editor, Coleman Movers and Shakers
Coleman Movers and Shakers — Jeff Rosen Named EVP of First Commonwealth Bank
Jeff Rosen Named EVP of First Commonwealth Bank
“Jeff brings to First Commonwealth 30 years of leadership experience in the financial services industry,” says Jane Grebenc, President of Pennsylvania-based First Commonwealth Bank. “He is well-versed in government lending programs, and under his leadership, SBA lending will become a line of business at First Commonwealth. We’re excited that Jeff has joined our team.”
“First Commonwealth has demonstrated a strong commitment to meeting the needs of consumers and small business clients by providing expertise and a strong customer focus,” says Rosen. “I’m looking forward to partnering with our bankers and communities across all of the markets we serve to help improve the lives of our neighbors and their businesses.”
Prior to joining First Commonwealth, Rosen served as SVP/Government Guaranteed Lending Manager at one of the nation’s largest full-service providers of consumer and commercial banking. He served as President of Rosen Advisors, a consulting firm specializing in retail and business banking strategy, SBA lending and leadership development. Rosen also held Retail and Business Banking leadership positions at Huntington Bank, U.S. Bank and PNC Bank during his 30 year career.
Rosen earned a bachelor’s degree from Ohio State University and is a graduate of the Consumer Bankers Association Graduate School of Retail Banking at the University of Virginia. He is also a former chair of the Consumer Bankers Association Small Business Committee.
United Community Bank Adds David Rinkes as VP/BDO for Dental and Medical Practices
“We have been pleased with the growth of the Dental and Medical Vertical within our SBA team,” says Rich Bradshaw, President of Specialized Lending for United Community Bank. “David’s prior experience in healthcare lending will be key to continuing this growth and we look forward to reaching potential customers in a larger footprint.”
I truly believe that in this business, it’s about the relationship, not the deal,” says Rinkes. “I am pleased to be joining a bank and team that shares this belief, and look forward to growing this practice area for United Community Bank.”
Rinkes will focus on developing business in the Medical and Dental vertical, primarily in the Western United States. He will specialize in practice acquisitions, commercial real estate, including ground-up projects, start-up practices and refinancing. He joins a team of nearly 60 SBA specialists that is based in Greenville, S.C. but operates nationally.
Rinkes has more than 25 years of experience in financial services, and has spent the past 16 years specializing in healthcare lending, primarily supporting dentists. During this time, he progressed from sales to management quickly, eventually managing a team that grew from six to thirty people and grew from $170 million to nearly $1 billion in sales. He has been serving customers across the country from a home base in Phoenix for the past four years.
Former VEDC CEO Roberto Barragan Joins Manhattan West Asset Management, Launches Manhattan West ESG Fund I
“Access to capital severely limits the establishment and expansion of minority-owned businesses. By focusing on credit and debt structures with collateral ranging in size from $500,000 to $2,000,000, we will seek to eliminate those access barriers,” says Barragan. “My business lending experience and extensive relationships with financial institutions nationwide will allow our team at Manhattan West to deliver impactful CRA and ESG investments to our institutional clientele.”
Barragan led the VEDC to national prominence as a highly regarded and industry leading small business lender originating millions annually in small business loans to minority borrowers. Under his leadership and innovation, the VEDC increased its assets by over 700 percent in the last six years and lent millions to women and minority business owners. Additionally, he redefined how African American and Latino entrepreneurs can access capital through partnerships with financial institutions and corporations and launched numerous business programs including Business Opportunity Funds in Chicago and New York, the National African American Small Business Loan Fund, the Women’s Small Business Risk Mitigation program, the National Micro Finance Fund, and many others.
Barragan expanded VEDC’s portfolio to a national platform with loan funds in Los Angeles, Chicago, Las Vegas, Reno, Salt Lake City, Miami and the New York Tri-State area. Under his direction and leadership during a 21-year career, the VEDC helped thousands of businesses succeed.
“Roberto’s arrival at Manhattan West signifies our commitment to a strategic imperative of the firm,” says Lorenzo Esparza, Manhattan West Asset Management CEO. “One of our main objectives is to deploy investment capital for causes that will have a profoundly positive social impact. We are excited to welcome Roberto to Manhattan West where he will purposefully advocate the vision we set forth.”