April 11, 2022 Delaney SextonContributing Editor Main Street Monday – House Passes Bill that Replenishes Restaurant Revitalization Fund with $42 Billion “The pandemic inflicted deep wounds on small firms across the country, and many of these businesses are still struggling today. My office hears from small businesses every day, and they have made it abundantly…

April 8, 2022 Delaney SextonContributing Editor Fraud Friday – Six Former Bank Employees Banned by the Federal Reserve for EIDL Fraud Announced on Tuesday, the Federal Reserve prohibited six bank employees, effective March 25, 2022, from any future employment opportunities in the banking industry for allegedly applying and obtaining a total of $88,900 in Economic…

April 7, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Aaron Walker, Matt Goers, and Mary Soldano Summit Bank Welcomes Aaron Walker as Chief Credit Officer “Aaron’s wealth of knowledge regarding the markets in which we operate and the types of loans and structures with which he is familiar will be extremely beneficial to…

By Bob ColemanEditor, Coleman Report Coleman Publishing is pleased to make available SBA’s SOPs shipped to you via Amazon Prime. After your order, the books will arrive in two to three days. The SOPs mirror SBA’s pdf and are in identical format as downloaded from their website. Current Edition of SBA’s SOPs Now Available in…

April 4, 2022 Delaney SextonContributing Editor Main Street Monday – Community Banks are Necessary for Lending to Underserved Markets and Preventing Fraud “The Paycheck Protection Program rapidly and effectively deployed critical funding to small businesses, self-employed workers, not-for-profits, churches, schools, and other borrowers nationwide. The Program has helped these entities to maintain their employment and…

April 1, 2022 Delaney SextonContributing Editor Fraud Friday – PPP Lenders to be Investigated for Fraud Says DOJ Nearly two years since the start of the Paycheck Protection Program, officials have been relentlessly pursuing fraud within the relief program, some studies indicating that around 15% of all the programs’ disbursements were fraudulently obtained or improperly…

March 31, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Omar Salah, Bill Harrigan, and Blair Smyly Comerica Bank Hires Omar Salah as EVP, Director, Small Business Banking Salah, a 20-year industry veteran, joins Comerica to fill the newly-created Director of Small Business Banking role, established to bolster Comerica’s services for small businesses. Last…

March 30, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Community Advantage Program is Extended and Revised “America’s mission-driven lenders have been a critical partner to the SBA in getting much-needed financial relief to underserved businesses throughout the COVID pandemic. Scaling the SBA’s Community Advantage pilot program will help us build on that momentum, create a…

March 29, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA FAQs on Fingerprinting for Character Determinations Although the Form 912 no longer exists, the SBA recently released the new Character Determination process. Lenders must contact OCACD@sba.gov for all character determinations. Information within the email should include the borrower’s name, the ETRAN number, and…