Coleman Report

November 19, 2020 Caity RoachContributing Editor Coleman Movers & Shakers — Colony Bank, Mike Hix, and Richard Smith Colony Bank Expands SBA Lending Group to Meet Increased Demand “I am excited about the talent, knowledge and experience this group brings to our team,” says Darren Davis, President of the Small Business Specialty Lending Group. “This…

November 18, 2020 Caity Roach Contributing Editor C-Suite Wednesday — 5 Things PPP Lenders are Still Waiting For Although the PPP Forgiveness Platform has been open since August 10, 2020, many lenders continue to tell their borrowers to hold off on submitting their forgiveness applications until additional guidance is released. Here are the top 5…

November 17, 2020 Caity Roach Contributing Editor Hot Topic Tuesday — SBA Quietly Releases Borrower Questionnaire for PPP Loans over $2 Million The SBA recently issued a quiet release of two new borrower questionnaires on the PPP Forgiveness Platform for loans over $2 million. The purpose of these forms is to facilitate the collection of…

Coleman’s 13th Annual 2020 SBA Secondary Market Online Summit Webinar Home Speakers Agenda Registration Coleman’s 13th Annual SBA Secondary Market Summit will Offer Two 90-Minute Sessions of Online Training for your Staff A Coleman Webinar Session 1 Date: Thursday, December 17, 2020 Time: 2:00pm ET – 3:30pm ET Session 2 Date: Friday, December 18, 2020…

November 16, 2020 Caity RoachContributing Editor Main Street Monday — 21% of Small Business Owners Anticipate Full Recovery in Less than a Year The inaugural release of American Express’s entrepreneurial spirit index, confirms the resiliency of small business owners during the pandemic. Here are some of the key findings from American Express’s survey of over 1,000…

November 13, 2020 By Caity WituckiContributing Editor Fraud Friday – Community Banker Sentenced to Two Years in Federal Prison A Maryland federal judge has sentenced the former CEO and president of Cecil Bank, Mary Beyer Halsey, to two years in federal prison for fraud related to the purchase of a foreclosed-upon home. In addition, Halsey…

November 12, 2020 Caity RoachContributing Editor Coleman Movers & Shakers— Brent Ciurlino, Jeffrey Peisach, and United Community Bank Brent Ciurlino Joins Blue Foundry Bank  “Brent is a seasoned veteran in the banking industry, and we’re thrilled to draw upon his expertise,” says Blue Foundry Bank CEO and President, James Nesci. “His ability to think strategically,…

November 10, 2020 Caity Roach Contributing Editor Hot Topic Tuesday — Lenders Concerned about the Definition of “Necessity” on New SBA PPP Forms On October 26, 2020, the SBA filed a Federal Register notice seeking approval from the U.S. Office of Management and Budget (OMB) for two new PPP borrower questionnaires intended to determine the…

November 9, 2020 Caity RoachContributing Editor Main Street Monday — Survey Finds Nearly Half of Small Businesses Do Not Plan to Reopen Physical Stores A recent survey conducted by website and marketing solutions provider, Bluehost, asked 500 business owners with fewer than 100 employees how they have adapted to ecommerce and adjusted their future business…

November 6, 2020Caity Roach Contributing EditorFraud Friday — Former Bank of America Manager Pleads Guilty to Embezzling $1.5 Million Former Bank of America client relationship manager, Waqas Ali, pleaded guilty last month to embezzling $1.5 million from one of his clients and using a portion of those funds to purchase a $63,293 Porsche SUV and…