Coleman Report

January 13, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Another Community Bank President Indicted for Bank Failure Last month, the former President, CEO and Chairman of the Board of one of Oklahoma’s oldest community bank was indicted on 23 charges of bank fraud for rolling over delinquent loans to his borrowers. 66-year…

January 12, 2017 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — SBA Loan Software Companies Merge CDC Ventures and Anchor Commercial Services Merge CDC Ventures, an affiliate of CDC Small Business Finance, and Anchor Commercial Services have merged effective Jan. 1. The two firms provide SBA loan processing software systems…

January 10, 2017 SBA Hot Topic Tuesday — An Open Letter to The New Senate Small Business Committee Chairman By Mike Thomas Founder & CEO, Thomas USAF Group, LLC Senator Risch, All of us in SBA & USDA lending are excited about you being the new Chairman of the Small Business Committee. On December 8th,…

January 9, 2017 Main Street Monday — Small Business Borrowing Rises as Trump Elected President By Bob Coleman Editor, Main Street Monday “Right now we’ve got this post-election bounce, because we know who will be in office,” says Bill Phelan, PayNet’s chief executive and founder. “Is this going to continue into a new era of…

January 5, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Main Street Bank and Acclivity Financial Name New SBA Lending Professionals Acclivity Financial names Billy Bowers as Senior Credit Officer “Billy’s vast experience at every stage of the commercial lending process makes him an ideal addition to Acclivity Financial,”…

January 4, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Jim Risch Named Senate Small Biz Head, House Introduces Small Biz Bills Republican Idaho Senator Jim Risch has formally been chosen as head of the Small Business Committee. Senator Risch previously supported the SBA 504 refinance act. Unknown, is his position on previous…

January 3, 2017 SBA Hot Topic Tuesday — The Top 100 SBA 7(a) Lenders of 2016 SBA has released its list of the top 100 SBA 7(a) lenders for FY 16. Check out the rankings here: https://www.sba.gov/lenders-top-100 Also, you may now order the FY2016 Coleman Report 500, the list of the top 500 SBA 7(a)…

December 23, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Two More Community Bankers Charged with Bank Fraud For borrowing $7.5 million from the Troubled Asset Relief Program after cooking Florida-based GulfSouth Private Bank’s books. Says the Special Inspector General for TARP. Former CEO Anthony J. Atkins, 51 and Vice President Samuel D.…

December 22, 2016 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers — Jeff Rosen Named EVP of First Commonwealth Bank Jeff Rosen Named EVP of First Commonwealth Bank “Jeff brings to First Commonwealth 30 years of leadership experience in the financial services industry,” says Jane Grebenc, President of Pennsylvania-based First Commonwealth…

December 21, 2016 By Sundip Patel Guest Contributor, C-Suite Wednesday C-Suite Wednesday — 7 Proven Ways to Minimize Your Risk on Hotel Construction Loans Hotel construction loans can be extremely lucrative, but their profitability comes with risk. These large projects have many variables and moving parts. Here are 7 critical actions you should take to…