Coleman Report

By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Mark Brooks Named Small Business Manager of Tompkins Bank of Castile “Mark Brooks has been an integral part of our small business lending program for several years,” says John McKenna, president and CEO of Tompkins Bank of Castile . “He is committed…

May 17, 2016 C-Suite Wednesday — SBA Lending Industry Overwhelming Rejects CFPB Loan Data Collection Efforts By Bob Coleman Editor, C-Suite Wednesday I didn’t get a lot of responses to Monday’s survey about the Consumer Financial Protection Board’s request for comments about small business loan data, but those that responded were very passionate about their…

May 16, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — House to Hold SBA 7(a) Loan Review Hearing Tomorrow Wednesday, May 17, 2017 at 11:00 a.m., the Committee on Small Business will meet in Room 2360 of the Rayburn House Office Building for the purpose of examining the United…

May 15, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — CFPB Wants Small Business Loan Data Seven years after the passage of Dodd-Frank, the CFPB has asked for feedback how best to collect data about small business lending “ to help identify needs and opportunities in the market and to facilitate…

May 12, 2017 Fraud Friday — Two Rockford Bank & Trust SBA VPs Indicted for SBA Loan Fraud By Bob Coleman Editor, Fraud Friday Jim Graber, 57, Senior Vice President at Rockford Bank and Trust Company Kristin King, 45, Vice President and Government Lending Manager at Rockford Bank and Trust (Source: LinkedIn) A Federal Grand…

May 11, 2017 Coleman’s Movers & Shakers — Rich Grant Named Senior Vice President for Bay Area Development By Bob Coleman Editor, Movers & Shakers “Rich has tremendous industry depth as well as strategic long term relationships and we are thrilled to have him join our executive team,” says CEO Jim Baird. “It’s no secret…

May 9, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Hotel Room Supply Now Exceeds Demand in Many U.S. Markets One of the takeaways from last month’s Coleman 9th Annual Hospitality Financing Webinar is supply, due to the influx of many newly constructed hotel rooms, will outstrip demand in many markets — particularly…

May 9, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — SBA 7(a) Secondary Market Quotes as of May 9, 2017 Maturity Spread Price Monthly % Change 8 Years P + 2.75 109.550 +0.046% 10 Years P + 2.75 114.550 +1.077% 15 Years P + 2.75 114.400 +0.571% 20 Years P +…

May 8, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street More Optimistic than Ever Says U.S. Bank “Business owners are gaining confidence in the economy. For most owners, the recession is long over and now they’re making plans to expand,” says John Elmore, Vice Chairman of Consumer and Business…

May 5, 2017 Fraud Friday — Regions Bank Senior VP Pleads Guilty to Bribery and Fraud Charges By Bob Coleman Editor, Fraud Friday Through its wholly-owned subsidiary, Regions Equipment Financing Company, Regions Bank offered business customers equipment financing and lease options. Philip Cooper worked for Regions Bank as REFCO’s asset manager. Cooper says he and…