January 28, 2016
By Bob Coleman
Editor, Coleman’s Movers and Shakers
Coleman’s Movers and Shakers
Ed Randall Joins Fidelity Bank
Ed Randall is a new Business Development Officer for Fidelity Bank. He has over 20 years of experience with SBA lending and understands the needs of a startup company, both professionally and personally. He has set up SBA departments for four banks in the northeast Florida market and was even named Rookie of the Year in 2004. He holds a Bachelor of Science degree from The Ohio State University in Sales/Management.
Greg Thompson Named COO of Live Oak Bank.
“With new vertical growth, critical initiatives such as e-Lending and our deposits platform build-out, comes the need to add seasoned management experience to the team. Greg’s background in technology and operations makes him uniquely qualified to help us further scale the business,” says President NeilUnderwood.
Prior to joining Live Oak, Thompson was Executive Vice President of Shared Services at Square 1 Bank. He recently joined Live Oak to lead the newly launched e-Lending initiative.
Bristol County Savings Bank Announces Tim Chaves Named “Banker of the Year” by SEED Corporation
“Tim is always enthusiastic about working with new and existing clients to find the best financing package to meet their needs,” says Len Sullivan, First Executive Vice President & Senior Loan Officer, Bristol County Savings Bank. “This often requires participating with the Small Business Administration through the SEED Corporation. Tim was thrilled to not only be recognized by SEED, but to also be able to provide financing to many small businesses though SEED’s innovative loan products.”
Tim was selected for the award by SEED lenders based on the volume of loans he made in participation with SEED and for exemplifying the spirit of small business assistance. The SEED lenders reviewed all the loans made last year in participation with banks and selected Chaves from a pool of 21 candidates.
As a regional nonprofit economic development corporation certified by the U.S. Small Business Administration, SEED Corporation focuses on job creation by financing all types of small businesses in Massachusetts and Rhode Island. SEED makes an average of 120 loans and provides technical assistance to over 1,500 existing and prospective entrepreneurs annually.