November 19, 2021 Delaney SextonContributing Editor Fraud Friday – Bank Branch Manager Uses Deceased Bank Customers’ Identities for Fraud “This defendant took advantage of his position at a bank to steal money from the bank accounts of deceased individuals,” says Acting U.S. Attorney Farley. “This significant breach of trust is also a serious federal crime.…

November 18, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – David Raccio, Jordan Payne, and Tara Russell BDC Capital/ CDC New England Promotes David Raccio to SVP, Managing Director of Sales “Dave has shown a strong ability to work effectively with bankers and borrowers while navigating the SBA guidelines,” says Paul F. Flynn, Jr.,…

December 21, 2021 Delaney SextonContributing Editor Coleman’s 2022 SBA Lender Professional Awards Nominations for Coleman’s 2022 SBA Lender Professional Awards are open. Nominating statements and/or testimonials should address why the nominee should be honored and how the nominee has made a positive impact on SBA lending and the small business community. Coleman’s 2022 SBA Lender…

November 16, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Form 912 Elimination, Form 159 Revision, and Coleman Report Live Announcement The SBA Form 912 has been eliminated from the Character Determination process, and the SBA will no longer accept the form for processing. Lenders need to refer to the current SOP 50 10 (6)…

November 15, 2021 Delaney SextonContributing Editor Main Street Monday – Loan Delinquency Rates Have Been Low During the COVID Recession “The Office of Advocacy’s bi-annual Economic Bulletin examines new data on how small businesses have recovered since the peak of the COVID-19 pandemic,” reads the November Economic Bulletin. “COVID-19 sparked the shortest recession in U.S.…

November 10, 2021 Delaney SextonContributing Editor C-Suite Wednesday – 7(a) Loan Agent Transparency and Oversight Acts are Being Reviewed by the Senate At the beginning of the month, the House passed six bipartisan bills, and of those bills, two centered around collecting and data and submitting annual reports on 7(a) loan agents. The bills would…

November 9, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Infrastructure Investment and Jobs Act Will Take Money From SBA Programs The House passed the Infrastructure Investment and Jobs Act on Friday, and the Senate already passed the Act in August. President Biden is expected to sign the legislation, but part of the billions of…

November 8, 2021 Delaney SextonContributing Editor Main Street Monday – The House Passes Two Bills Addressing Veterans and Main Street “As small businesses continue to build back better in the wake of the COVID crisis, Congress must boost support for entrepreneurs in areas crucial to everyday success,” says Chairwoman Nydia M. Velázquez. “These bipartisan bills…

November 5, 2021 Delaney SextonContributing Editor Fraud Friday – President of a Bank Subsidiary and Four Others Enter Plea Deals for $13.2 Million Fraud Five defendants, including the president of a bank subsidiary, were indicted in November of 2020 for a Ponzi-like scheme to defraud multiple financial institutions in San Antonio, Texas. Ronald Schroeder, Jill…

November 4, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – David Barganski, Danelle Thomsen, and Stone Bank SBA Division PlainsCapital Bank Welcomes David Barganski as SVP, Senior Commercial Loan Officer “David will be a great asset to our lending team and to the businesses we serve,” says Coastal Bend Region Chairman Frank Hastings. “While…