Coleman Report

January 24, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Former Bank Executive Convicted in $15 Million Fraud Scheme Troy Gregory, a former senior lending officer at University National Bank in Kansas, has been found guilty of bank fraud in a scheme that ensnared 25 other banks. In 2007, Gregory began the…

January 23, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Greg Gala, J.C. de Ona, and Tony Holtzman First Internet Bank Adds Greg Gala to SBA Team Gaurang “Greg” Gala has joined First Internet Bank’s SBA Lending team as Vice President, Senior Business Development Officer. Gala’s expertise is…

January 22, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman’s 2019 Business Development Officers of the Year Congratulations to Coleman’s 2019 Business Development Officers of the Year: Jimmy Jarrell, Edward Tuvin, Jason Stewart, Paul Long, and Maria Lawson! Jimmy Jarrell, TD Bank Jimmy Jarrell has…

January 22, 2020 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday C-Suite Tips – OCRM Identifies Material Deficiencies in 21 Defaulted Loans On November 12, 2019, the SBA OIG released a report which presented the results of an audit of the SBA’s oversight of high-risk lenders. Upon review, OCRM identified material deficiencies in the 21…

January 21, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman’s 2019 SBA 504 Lender of the Year Congratulations to Coleman’s 2019 SBA 504 Lender of the Year, Tim Souther! Tim Souther’s role as Executive Vice President of SBA Lending at Capital Partners CDC and 21…

January 21, 2020 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — OCRM Recommends Improvements for Risk Management and Lender Oversight A recent review conducted by OCRM found that the SBA did not always perform effective oversight of high-risk lenders to identify and mitigate risks. OCRM analyzed 32 defaulted 7(a)…

January 17, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman Rural Small Business Lender of the Year Congratulations to Coleman’s 2019 Rural Small Business Lender of the Year, Scott Sailors Scott Sailors is the President of the Nebraska Economic Development Corporation (NEDCO). Along with his…

January 17, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Former Trustmark Bank Loan Officer Defrauds Bank of Nearly $400,000 Former Trustmark Bank loan officer, Robert A. Whartenby, was sentenced on December 23, 2019 in federal court for one count of information related to bank fraud. Whartenby will serve 18 months in prison…

January 16, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman SBA 7(a) Lender of the Year Congratulations to Coleman’s 2019 SBA 7(a) Lender of the Year, Paul Pickhardt! Paul Pickhardt has served as Senior Vice President, SBA Lending Manager at Countybank for nearly three years.…

January 16, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Edi Santos, Tod Gordon, Tony Holtzman Edi Santos Joins So Cal CDC as VP Sales Manager So Cal CDC welcomes Edi Santos as Vice President – Sales Manager for So Cal CDC’s 504 lending program in the 5-county…