Coleman Report

December 27, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Pennsylvania Loan Officer Pleads Guilty to over $3 Million in Loan Fraud According to the SBA OIG semiannual report, which was released on October 30, 2019, an SBA loan officer has pleaded guilty to over $3 million in bank fraud. He has been…

December 26, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Sandy Willison, Steven Brown, Richard Aiello Sandy Willison Joins First Business Bank First Business Bank, a division of First Business Financial Services, Inc. welcomes Sandy Willison as their new Director for SBA Closing. Sandy Willison joins the SBA…

December 23, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Principal Financial Well-Being Index Projects Changes to Employment Benefits in 2020 According to the Principal Financial Well-Being Index, 6 out of 10 small businesses are predicted to experience growth throughout 2020. This trend continues a pattern of year-over-year growth and…

December 20, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Fraud Investigation Damages the Reputation of Innocent Employees Rockford Bank & Trust was a successful lending institution prior to the fraud allegations brought against the company’s Senior Vice President, Jim Graber, and Vice President, Kristin King in 2017. In 2016, Rockford Bank &…

December 19, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Belinda Rosthenhausler, Joe Salas and John Evens Belinda Rosthenhausler Joins CDC Small Finance Belinda Rosthenhausler, joins CDC Small Business Finance as a VP, Commercial Lender to provide SBA 504 financing to small business owners in Arizona and Nevada.…

December 18, 2019 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – The SBA Helps Main Street Flourish At a recent Senate Committee hearing on Small Business and Entrepreneurship, Senator Marco Rubio addressed the SBA’s overall success over the past 66 years. “The SBA provides entrepreneurs with vital access to capital, technical assistance, and…

December 17, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Carranza Intends to Prioritize Helping Underserved Communities On August 1, 2019, President Donald Trump formally nominated U.S. Treasurer, Jovita Carranza to lead the Small Business Administration. At Carranza’s nomination hearing last Wednesday, she said that, if confirmed, she…

December 16, 2019 By: Mary Miller Contributing Editor, Main Street Monday Main Street Monday – New Kabbage Data Points to Continued Economic Growth According to the Kabbage Small Business Revenue Index, small businesses across the U.S. reported overall strong revenue growth in every state and industry in the first half of this calendar year. The…

December 13, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– All Federal Charges Dismissed Against James Graber and Kristin King A United States District Court judge has ordered all charges against all defendants, including Greenberg Traurig, LLP client James Graber, to be dismissed in the long-running case of two bank officers and a…

December 12, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — John Davis, Patti Kibbe, and Randy Kyle CapStar Bank Hires John Davis as New Chief Operations and Technology Officer CapStar Bank has hired John A. Davis as Executive Vice President, Chief Operations and Technology Officer. Davis will lead…