Countybank’s Paul Pickhardt Retires
“We are incredibly grateful for how Paul has built and grown our SBA lending department since joining Countybank in May 2017,” says R. Thornwell Dunlap III, President and CEO of Countybank. Ken Harper, Countybank’s Chief Banking Officer, adds, “We appreciate all the ways Paul made our organization better. His enthusiasm and work ethic have been…
Read MoreNorth Carolina CDFI M&F Bank Earns PLP License
“We are thrilled to expand our product offerings for small businesses and entrepreneurs,” says Travis C. Rouse, Chief of Sales and Lending for M&F Bank. “Serving as an SBA preferred lender allows us to quickly execute loans for worthy businesses while still providing the same top-notch service our customers have come to expect. This designation…
Read MoreNebraska SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 First State Bank Nebraska (NE) 33 $15,048,800 $456,024 2 Union Bank and Trust Company (NE) 36 $12,986,700 $360,742 3 Wells Fargo Bank, National Association (SD) 10 $6,133,300 $613,330 4 BMO Bank National Association (WI) 4 $4,423,900 $1,105,975 5 First Internet Bank of Indiana (IN) 3…
Read MoreLink for Coleman Report Live! Monday 12/4 @ 1 pm Eastern
Youtube Live Streaming Link Microsoft Teams Link Host: Bob Coleman Co-Host: Lance Sexton Guests: John Reosti, American Banker Brett Caines, Lumos Data
Read MoreHouse passes Resolution to Reverse CFPB Rule Requiring Banks to Collect Small Business Loan Borrower Data
“I applaud the House for passing S.J.Res.32 condemning the CFPB’s relentless attack on Main Street America. Small businesses are the backbone of the American economy, and it is crucial that they can access affordable credit to support and grow our communities. During a time where small businesses are facing crushing inflation and increasing borrowing costs,…
Read MoreJohn Marshall Bank Gets PLP Status
The Preferred Lender designation from the SBA provides another avenue for the Bank to serve a broader range of businesses throughout our footprint,” says Andrew Peden, SEVP, Chief Banking Officer. “Along with receiving the expedited service the program provides, customers will have access to a full range of business banking services and our expert team…
Read MoreFraud Friday – An 18 Year Sentence was Delivered for an SBA Fraud Scheme, Ponzi Scheme, & More
December 1, 2023 Delaney SextonContributing Editor Fraud Friday – An 18-Year Sentence was Delivered for an SBA Fraud Scheme, Ponzi Scheme, & More “In the span of less than two years, Franklin Ray engaged in four separate fraudulent schemes, including a $40 million Ponzi scheme that victimized hundreds of people and schemes that stole funds…
Read MoreHouse Passes Bill Saying Associates of PPP Fraudsters Ineligible for SBA Loans
“I am extremely grateful for my colleagues’ support for my legislation to implement a common sense requirement to protect the integrity of SBA lending programs,” says Chairman Roger Williams. “No one who has been convicted of defrauding the pandemic lending programs should ever be given the opportunity to access future financial assistance programs. “There’s much…
Read MoreCity National Bank Adds Karen Robinson and Joni Hanka to SBA Lending Team
Karen Robinson has joined City National Bank as Vice President/Sr. SBA Business Development Officer responsible for originating SBA 7a and SBA 504 loans in the Southern California market. Karen, a 25 year veteran in SBA lending, has held similar roles with Signature Bank, Bank of the West, Wachovia Bank, and Heller Financial. She is based in…
Read MoreNorth Dakota SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Aspire Bank (ND) 5 $4,848,900 $969,780 2 Alerus Financial, National Association (ND) 4 $4,092,800 $1,023,200 3 Choice Financial Group (ND) 9 $3,263,000 $362,556 4 First International Bank & Trust (ND) 3 $3,011,200 $1,003,733 5 Bremer Bank, National Association (MN) 3 $1,900,900 $633,633 6 Home Loan…
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