February 7, 2019
Coleman Movers & Shakers — Michael Amon, Ashley Olejnik, Lamar Bailes, Bill Hand, Matt Foster, Atlantic Stewardship Bank
First National Bank (PA) Names Michael Amon Director of SBA Lending
“Our SBA lending group plays an important role in supporting our middle market clients,” says Bryant Mitchell, vice president of capital markets and specialty finance businesses. Mike’s past experience in SBA makes him an excellent leader who will continue to grow FNB’s SBA business throughout the Bank’s footprint and into new markets.”
Michael has been in banking nearly 30 years and was most recently vice president and group executive for SBA line of business at Regions Financial Corp. in Birmingham, Ala.
He holds a baccalaureate in finance from Ohio State University and graduated with honors from the university’s Stonier Graduate School of Banking.
Ashley Olejnik Joins Bancorp as BDO
“Ashley’s background aligns perfectly with The Bancorp’s national lending platform that focuses on both the SBA 7(a) and 504 products,” says Jeff Nager, Executive Vice President, Head of Small Business Lending. “Her know-how will increase our capabilities as we continue to expand our national portfolio. We’re pleased to welcome her to our team.”
She is based in Nashville, TN.
With a financial services career spanning over 20 years, Ashley has extensive knowledge of SBA financing. Most recently, she was Vice President, SBA Business Development Officer at Suntrust Bank.
Appalachian Development Corp Awards Lamar Bailes Board Member Emeritus Status
Lamar Bailes was awarded Board Member Emeritus by the Appalachian Development Corporation. This was in recognition of his 30 plus years of outstanding service and support to the ADC. He served as President for many of those years and oversaw the funding of many businesses in the Upstate and throughout SC. He is the first Emeritus member of the Corporation.
Atlantic Stewardship Bank Gets PLP Status
SBA New Jersey District Director, Al Titone says, “We are pleased to designate Atlantic Stewardship Bank as a participating lender in SBA’s Preferred Lenders Program (PLP). This status is given to SBA’s most active and expert lenders and provides them with full authority to approve SBA loans. This authority now allows Atlantic Stewardship Bank to reduce their processing time on all SBA loans.”
Paul Van Ostenbridge, President & CEO of Atlantic Stewardship Bank, adds, “We are very excited to obtain the PLP status and to be an integral part of SBA’s role in helping small business owners in New Jersey. For some time, we have been investing our time and efforts in developing our seasoned SBA Lending Department to the level fully capable of handling all types of SBA programs to the small business owners in New Jersey. Our goal is to become a top producer of SBA loans in New Jersey and we look forward to working with the SBA for many years to come.”
Atlantic Stewardship Bank has 12 branches in New Jersey with assets of $800 million. During SBA’s fiscal year 2018, the bank approved 10 SBA loans for a total of $6.6 million. In the first two months of fiscal year 2019 the bank has approved 2 loans for $1.3 million.
Upcoming SBA Lending Professional Industry Events
Puerto Rico Rural Investment Summit, Puerto Rico, March 7-8, 2019, Puerto Rico
Registration Now Open
Southeastern Small Business Lenders Conference 2019, March 13, 2019, Asheville
Hunter Hotel Conference, March 20-22, Atlanta
America West Small Business Lending Summit 2019, June 11, 2019, Rancho Mirage
America East Small Business Lending Conference 2019, August 14, 2019, Mashantucket
Music City Small Business Lenders Conference, August 28-29, 2019, Nashville
FLAGGL Small Business Lenders Conference, September 18, 2019, Orlando
Registration is NOW OPEN!