April 7, 2023 Delaney SextonContributing Editor Coleman Report – FLASH! John C. Ponte Response & Catanzaro Clarification Earlier today, Coleman Report received further communications regarding the FDIC Notices. The following information was provided by a spokesperson for Mr. Ponte. John C. Ponte: On the Record Statement to FDIC Notice of Charges  “I strongly dispute the…

April 7, 2023 Delaney SextonContributing Editor Coleman Report – FLASH! SBA Announces the Upcoming Publication of the Final Rule on Affiliation and Lending Criteria Yesterday, the SBA announced that the final rule on affiliation and lending criteria will be published on Monday. The rule will be effective 30 days after its publication. SBA will be…

April 7, 2023 Delaney SextonContributing Editor Fraud Friday – FDIC Seeks Removal of Two Bank Executives & a Referral Agent for SBA Loan Scheme The FDIC issued a Notice of Charges against three individuals. Robert S. Catanzaro was the CEO, a Director, and a Principal Shareholder at Independence Bank in Rhode Island. Danielle Desrosiers was…

April 6, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Sherry Martin, Armen Balian, and Tony Diaz Sherry Martin Joins the SBA Complete Team as SVP, Director of Client Bank Development Jerry Kinlaw, Executive Vice President of SBA Complete says of Sherry joining the team, “We are very excited to have a veteran government…

April 4, 2023By Anna Griggs According to Amanda Hite, the president of STR, the hotel industry is expected to experience significant growth in 2023. Hite believes that the industry’s performance will be “pretty remarkable, with demand remaining strong due to a substantial return in group business”. Although business travel has some room for growth, Hite…

April 3, 2023 Delaney SextonContributing Editor Main Street Monday – CFPB Finalizes Rule to Collect Small Business Lending Data On March 30, the Consumer Financial Protection Bureau (CFPB) finalized a rule that increases transparency in small business lending, promotes economic development, and combats unlawful discrimination. Crucial for small business lenders to know: • Traditional and…

March 31, 2023 Delaney SextonContributing Editor Fraud Friday – CEO of PPP Lender Pleads Guilty, Agrees to Pay $71.7 Million “In the depths of the COVID-19 pandemic, Martinez lied to get money that was supposed to help people.  His abuse of the system during a terrible time has now been brought to light.  Martinez took…

March 30, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Rina Moreno and Brian Konwar John Marshall Bank Hires Rina Moreno as Vice President, Business Development Officer  “I am excited for Rina to join the JMB team as one of our Business Development Officers,” states Sheila Yosufy, EVP, Director of Sales. “She has a…

March 29, 2023 Delaney SextonEditor C-Suite Wednesday – Coleman’s First Small Business Lender Index Results Thanks to all the participants of the first Coleman Small Business Lending Index survey! These are the results from the month of March. Loan Originations When asked about loan origination opportunities at their financial institution, almost half of the respondents…

March 28, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – 30% of Small Businesses are Borrowing Regularly “The much-anticipated recession has yet to make a meaningful appearance, if at all,” says Bill Dunkelberg, the Chief Economist for the NFIB. “Since mid-2021, reported average loan rates have risen from 5% to 8% (low compared to…