Coleman Report

January 29, 2021 By Caity RoachEditor, Fraud Friday Fraud Friday – Bank President Sentenced to Year in Prison for Personal Loans to Friend Stephen Phillip Casher, a former market president at Rocky Mountain Bank, is the latest in a long list of people facing a reckoning for their business dealings with the former coal executive,…

January 28, 2021 Caity RoachEditor Coleman Mover’s & Shakers — Gregory M. Smith, Tim Kellander, and Sharon Christy Gregory M. Smith Promoted to President of Commerical Banking at Peapack-Gladstone Bank  As President of Commercial Banking at Peapack-Gladstone Bank in New Jersey, Gregory M. Smith will oversee the bank’s entire commercial banking organization, including the bank’s…

January 27, 2021 Caity RoachEditor C-Suite Wednesday —Resolving Second Draw PPP Holds and Errors When a Lender submits a PPP second draw loan application, the SBA will run the application data through a validation process. That validation process may return a hold code or error code that requires input from the Lender before the second…

January 26, 2020 Caity RoachEditor SBA Hot Topic Tuesday —  The Top 5 Updates to PPP Guidance SBA Lenders Need to Know About On December 27, 2020, the President signed the Economic Aid Act, which provides $325 billion in additional assistance to small businesses struggling to recover from the impact of the COVID-19 pandemic. Among…

January 25, 2021 Caity RoachEditor Main Street Monday — Over 250,000 UK Small Businesses Set to Close Despite the UK’s best efforts to support SMBs with their Bounce Back loan program, a recent study conducted by the Federation of Small Businesses (FSB), found a record number of UK small business owners are planning to close…

January 22, 2021 Caity RoachEditor Fraud Friday — Court Overturns Wilmington Trust Bank Executives’ Convictions “I never understood why this case was brought,” says defense attorney, Michael Kelly. “In my view, this case was an incredible waste of taxpayer dollars that literally ruined the lives of four innocent people.”  As a result of a recent…

January 21, 2021 Caity RoachEditor Coleman Movers & Shakers — Hunter Deweese, Micah Adams, and Geoffrey McGivern Thomas “Hunter” Deweese to Serve as SBA President for Southern Bancorp “We are excited to have Hunter serve in this new role, and we look forward to the economic impact the SBA lending team will have on small…

Everything Your Small Business Customers Need to Know about PPP to Maximize Loan DrawsANDBorrower Documentation Required to Complete the PPP Forgiveness ApplicationTHIS WEBINAR CONTENT IS FOR ALL SMALL BUSINESS SIC CODESPurchase the site license and invite up to 20 of your customers and prospects A Coleman WebinarDate CHANGE: Tuesday, February 16, 2021Time: 2:00 p.m. EasternDownload…

January 20, 2021 Caity RoachEditor C-Suite Wednesday — SBA Plum Book Jobs Just ahead of New Year’s Eve, the Government Publishing Office (GPO) released the latest Plum Book,  a compendium of more than 9,000 Federal civil service leadership and support positions in the executive and legislative branches that the new presidential administration must fill in…

January 19, 2021 Caity RoachEditor SBA Hot Topic Tuesday — Nearly 55,000 PPP Loans Went to Potentially  Ineligible Businesses “SBA’s efforts to hurry capital to businesses were at the expense of controls that could have reduced the likelihood of ineligible or fraudulent business obtaining a PPP loan,” says the SBA OIG in a report issued…