August 7, 2023 Delaney SextonContributing Editor Main Street Monday – C&I Loan Default Rates are at 12.5% & CRE Loan Defaults Reach 20% Last week, Coleman Report streamed the fourth of a series of webinars, “Navigating the New Banking Landscape: Strategies and Solutions”. Jon Winick, Christopher Marinac, Edward Hida, and Jason Kuwayama came together to…

August 4, 2023 Delaney SextonContributing Editor Fraud Friday – PPP Lender Who Fraudulently Gained $71.3 Million in Fees Sentenced to 4.5 Years U.S. Attorney Damian Williams says: “Martinez lied to get money that was supposed to help people through the challenges of COVID-19.  He lied so that he could fund a lavish lifestyle of cars,…

August 3, 2023 Delaney SextonContributing Editors Coleman Movers & Shakers – Josh Riley, Jerry Benko, Douglas Parker, and David Schmidt The Middlefield Banking Company Expands Commercial Banking Team with Josh Riley and Jerry Benko “Josh and Jerry are proven bankers both with over 20 years of experience serving the unique needs of their respective markets,”…

August 2, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Loan Demand is Dropping and Banks are Tightening Credit Conditions Loan officers across the country reported tightening credit standards and lower demand for all loan categories in The Federal Reserve’s Senior Loan Officer Opinion Survey. For commercial and industrial (C&I) loans, tighter standards and weaker demand…

August 1, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – The SOP 50 10 7 and Other SOPs Are Effective Today Beginning today, the SOP 50 10 7 is effective and will apply to every loan application received during or after today. The SOP 50 57 3 is also effective starting today, and the…

July 28, 2023 Delaney SextonContributing Editor Fraud Friday – Ernst Introduced a Bill to Return All Dollars Lost to “SBA Fast Fraud Drive-Thru” “Ex-cons, gang members, and drug traffickers – oh my! SBA’s fast fraud, made to order, allowed criminals to go on COVID spending sprees while thousands of deserving businesses in Iowa were left…

July 27, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – SouthState Bank and Ethan Worthy SouthState Bank Forms a Small Business Banking Team “Offering our small business customers a line of products that fits their needs, accompanied by well-rounded, knowledgeable bankers and a library of small business resources, are enhancements we know business owners…

July 26, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Businesses Without Employees Face More Difficulties with Obtaining Financing In the United States, there are 27 million businesses with no paid employees besides the owner, known as nonemployer firms. This comprises 80% of small businesses. Of these nonemployer businesses, 38% are start-ups that have been in…

Navigating the New Banking Landscape: Strategies and Solutions After the most chaotic few months in banking since the Global Financial Crisis, the banking crisis eased, but challenges and opportunities still remain. Join our excellent team on a follow-up from our March webinar as we cover the following topics: -Is the banking crisis over?-Q2 Bank Earnings…