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Coleman Movers and Shakers — Patriot Bank Acquires Hana, Jill White, Kelly Klein

February 8, 2018

By Bob Coleman
Editor, Coleman Movers and Shakers

Coleman Movers and Shakers — Patriot Bank Acquires Hana, Jill White, Kelly Klein

Patriot Bank Acquires Hana’s SBA Lending Business

“Hana SBL has built a strong reputation with a highly regarded and experienced team,” says Michael Carrazza, Patriot’s Chairman and CEO. “The integration of Hana SBL into Patriot’s growing specialty finance category delivers impactful market presence, product diversification and significant earnings accretion.”

“We are proud of the team we built and the steady results they continue to deliver,” says Sunnie S. Kim, Hana Financial’s President and CEO. “It is a highly complementary fit for the team to be integrated into Patriot’s growing operations, where they can be further supported.”

In 2017, Hana SBL was the third most active non-bank SBA lender in the nation, and one of the top 35 most active of all SBA lenders.

The transaction includes the purchase of approximately $120 million of SBA 7(a) loans and servicing rights relating to a pool of $370 million in loans, and the assumption of two loan securitization vehicles. Total cash consideration is approximately $83 million with the assumption of approximately $41 million of liabilities.

Jill White Promoted to AVP for The State Bank

Andrew Gavulic, commercial lending vice president for the Michigan-based bank, says , “We are very fortunate to have an employee as engaged as Jill is in working with our customers and providing financial solutions. Her promotion is well deserved, and I am looking forward to her continued success.”

“I am very excited to accept this promotion with The State Bank,” says Jill. “Throughout my time here, I have been given the tools to grow in my role, and have been a part of some exciting advancements in our commercial lending division. I look forward to helping to promote more growth and provide our commercial customers with successful solutions to their lending needs.”

White joined the bank in August 2011 as a senior credit analyst, and during her tenure has consistently grown in not only her role, but the lending department as a whole. In her new role, White will be responsible for managing and growing all facets of commercial lending, including equipment loans, commercial real estate mortgages, working capital lines of credit, as well as SBA loans.

Klein Joins CDC Small Business Finance

Kelly Klein will focus on providing small business entrepreneurs access to SBA financing programs, including Community Advantage loans (up to $250,000) and microloans (up to $50,000). She will also connect small business owners to advisory services to strengthen their financial presentation prior to applying for a loan.

Prior to joining CDC, Kelly worked for several international and U.S. nonprofit organizations with missions to assist the economically disadvantaged. Klein is a graduate of Point Loma Nazarene University.

Upcoming SBA Lending Professional Industry Events

Southeastern Small Business Lenders Conference, March 7-9, Asheville

Western Pennsylvania Association of Government Lenders, Seven Springs Resort, March 14-16

Coleman Report Death Valley Road Trip, March 16-18

Mid-America Lender’s Conference, April 15-17, Fort Worth

Great Lakes Lenders Conference, Detroit, April 16-18

NAGGL SBA Lending Technical Conference, May 1-3, Chicago

NADCO Spring Summit, May 6-9, Arlington

Franchise Times Finance & Growth Conference, May 7-9, Las Vegas

SBA BDO Summit, May 21-23, Napa Valley

America West, June 20-22, Costa Mesa

America East, August 1-3, National Harbor, MD

National Alliance of Commercial Loan Brokers, October 16-18, Miami

11th Annual Secondary Market Summit, December 4, Washington D.C.

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