September 30, 2022 Delaney SextonContributing Editor Fraud Friday – Petition Filed for the CFPB to Subject Fintechs to Higher Levels of Supervision “Fintechs increasingly are providing financial products and services, but their activities are largely unsupervised by the Bureau or any federal regulator, leaving customers vulnerable. Supervision and examination of fintechs by the Bureau through…

September 29, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Matthew Rickert, Will Tinsley, and Damon Munoz Columbia Bank Welcomes Matthew Rickert as Executive Vice President, Chief Credit Officer In his role, Rickert is responsible for the Bank’s credit policies, including all aspects of Commercial Credit and Special Assets. Rickert has over 20 years…

September 27, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – OIG Finds 179 PPP Loans to Nonprofits Might be Ineligible “The U.S. Small Business Administration Office of Inspector General conducted this review to assess Paycheck Protection Program eligibility for nonprofit organizations. Based on data analysis, we identified 179 PPP loans, totaling approximately $684 million,…

September 28, 2022 Delaney SextonContributing Editor C-Suite Wednesday – SBA Aided 3,400 Small Businesses with Export Sales in 2021 “For small businesses, exporting products abroad can jump-start growth and unlock an enterprise’s full potential. Nearly 96 percent of consumers live outside of the United States. When small firms sell their products internationally, they can reach…

September 26, 2022 Delaney SextonContributing Editor                                                                                      Main Street Monday – No Community Bank Failures in the Second Quarter of 2022 “The banking industry reported generally positive results in the second quarter as loan balances strengthened, net interest income grew, and credit quality remained favorable, although net income declined as a result of increased provision expenses.…

September 23, 2022 Delaney SextonContributing Editor Fraud Friday – Self-Proclaimed Pastor/Mortician/Tax Preparer Sentenced for EIDL Fraud “When Congress provided more than $6.5 billion through the Coronavirus Aid, Relief and Security Act to help small businesses struggling financially during the pandemic, fraudsters like Mack Knight came out of the woodwork” says U.S. Attorney David Estes for…

September 22, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Becky Bowers, Byron Reed, Dustin Shanks, and Kentucky SBA Lenders Conference Evolve Bank & Trust Appoints Becky Bowers as Community Bank President, Memphis “Becky is an extraordinary asset to Evolve,” says John Freeman, President, Evolve’s Banking Division. “She leads with compassion and integrity which…

September 21, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Coleman Announces 2022 BDOs of the Year Congratulations to Coleman’s 2022 BDOs of the Year! • Jared Johnson – First Internet Bank of Indiana • Stacey Sanchez – Momentus Capital/CDC Small Business Finance • Ken Rosenthal – CDC Capital Markets, LLC • Lucas Olson – Mission…