Coleman Report

December 20, 2024 Delaney SextonContributing Editor Former Bank SVP Sentenced to 16 Months After His Scheme Cost the Bank $1 Million – Fraud Friday From 2013 to 2019, John Padilla served as a senior vice president and commercial loan officer at a BancFirst location in Oklahoma. During his time at the bank, he recruited other…

December 19, 2024 Delaney SextonContributing Editor Lenders Cooperative and Ventures Lending Technologies Announce Merger Lenders Cooperative and Ventures Lending Technologies announced their intent to merge, creating an entity that will deliver best-in-class commercial loan origination and integrated commercial loan servicing capabilities to a wide range of financial institutions. This merger will combine what had been two separate processes…

December 19, 2024 Delaney SextonContributing Editor American Business Bank Announces New Loan Production Office in San Diego, CA “While serving the best clients in Southern California, we knew San Diego was an inevitable and strategic location,” says Leon Blankstein, CEO of ABB. “Our team of highly talented bankers have experience serving the San Diego market…

December 18, 2024 Delaney SextonContributing Editor SBA Notice Says that CA SBLCs Loan Ceiling Will Be Increased to $500,000 SBA’s most recent information notice announces that they are entering a process that will allow Community Advantage Small Business Lending Companies to make loans of up to $500,000. The notice also states that CA SBLCs can…

December 17, 2024 Delaney SextonContributing Editor John Wade Inducted into the Secondary Market Hall of Fame The Secondary Market Summit chairs Bob Judge of Government Loan Solutions, Marty Teckler of Blank Rome, and Bob Coleman of the Coleman Report were unanimous in this year’s choice for the Hall of Fame award: John Wade. John recently…

December 16, 2024 Delaney SextonContributing Editor Senator Ernst Introduced a Bill That Would Move 30% of SBA Employees Across the Country The “Returning SBA to Main Street Act” would relocate SBA employees assigned to SBA headquarters in Washington D.C. to other offices in regions around the United States. Senator Joni Ernst’s goal is to promote…

December 13, 2024 Delaney SextonContributing Editor Sober Home Owner Used EIDL On Wine, Caviar, a Wedding, and More – Fraud Friday The founder of several sober homes, Daniel Cleggett, has decided to plead guilty after being accused of four separate fraud schemes including EIDL fraud. At the center of his fraud schemes was A Vision…

December 12, 2024 Delaney SextonContributing Editor Stone Bank SBA Division Names Kathy Horelica Business Development Officer Stone Bank announced that Kathy Horelica has joined the bank’s SBA Division as a Vice President and Business Development Officer, according to Vinny Muratore, president of the division.  Horelica is a 25-year veteran of the financial services industry and…

December 12, 2024 Delaney SextonContributing Editor United Federal Credit Union Strengthens Small Business Loan Program with Highly Experienced SBA Lending Team “Bringing on this talented SBA lending team marks an exciting milestone for United Federal Credit Union,” says Renee Johnson, United’s Chief Commercial Officer. “Their expertise, professionalism, and dedication will not only boost our support…