Coleman Report

June 14, 2018 By Bob Coleman Editor, Coleman Movers and Shakeers Coleman Movers & Shakers — Coleman Report Update! Named Best Podcast of 2018, Diane Brown, Susan McNamara Bob Coleman, Lance Sexton and Mike Geske Receive 1st Place Industry Award for Best Podcast of 2018. The weekly 10 to 15 minute video podcast features Bob…

June 13, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 40% of SBA Lenders Fail to Document Credit Elsewhere says GAO A GAO study released last week finds in 40% of lenders undergoing an onsite review in FY 2016 were non compliant in documenting SBA’s credit elsewhere rule. In general, representatives from 8…

June 12, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Senate Passes SBA 7(a) Oversight Bill — Heads to White House The bill: Allows the SBA Administrator to increase SBA 7(a) loan authority by up to 15% to avoid a lending holiday. Requires SBA to perform a full risk…

June 8, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Founding Community Bank CEO Jailed for 48 Months “This sentencing holds the defendant accountable for misusing his position as the bank President and CEO to fabricate fraudulent loans with straw borrowers, evade internal controls, and withhold information from the bank’s Board. The underlying…

June 7, 2018 Coleman Movers & Shakers — Tim Stanley, Al Thiel, Kevin Gallagher, David Main, Customers Bank By Bob Coleman Editor, Coleman Movers & Shakers Tim Stanley, Al Thiel Join California Statewide CDC’s Community Loan Programs Team “California Statewide CDC is very pleased to welcome Tim Stanley and Al Thiel to our Community Loan…

June 6, 2018 CPR Report: Actual 7(a) Prepays Dip Below 15% By Bob Judge Editor, CPR Report In April, total prepays, including paid excess principal (ACPR), came in at 14.69%, a 5% decrease from last month’s reading of 15.47%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in…

June 5, 2018 SBA Hot Topic Tuesday — SBA 504 Quarterly Conference Call at 3 pm Eastern Today By Bob Coleman Editor, SBA Hot Topic Tuesday SBA’s 504 Connect Call will be held today at 3:00pm ET. You can join in and listen to the following topics. Download SBA’s 504 Connect Call Presentation 25 Year…

June 4, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Adds 38,000 U.S. Job in April, 215,000 YTD Private sector small business employment increased by 38,000 jobs in April according to the May ADP Small Business Report. Previous Monthly Small Business Job Growth April 2018 — 62,000 March 2018…

June 1, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Banker Gets 68 Months For Bank Closing Related Fraud “As the majority shareholder who virtually had complete control of Excel Bank, Shaun Hayes caused devastation by repeatedly abusing his power to commit fraud,” says Special Inspector General Christy Goldsmith Romero. “His crime…

May 31, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Kelly Groth, American West Discount Promo Code Kelly Groth Named Senior Vice President and Sales Manager of Evergreen Business Capital Kelley Groth was most recently the Senior Vice President and SBA Portfolio Manager at Banner Bank, successor to AmericanWest…