Coleman Report
Fraud Friday — Ex-Community Bank CEO Gets 11 Years in Jail
March 25, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Ex-Community Bank CEO Gets 11 Years in Jail The 74-year old founder and former chief executive officer of Nebraska’s largest bank failure learned his fate this week — 11 years in jail for bank fraud. Prosecutors said Lundstrom concealed delinquent and uncollectible loans…
Read MoreColeman’s Movers and Shakers
March 24, 2016 By Bob Coleman Editor, Movers and Shakers Participate in our 2016 SBA BDO Compensation Survey to Receive a Free Report! Take the 2 min survey (Survey Closes Friday, March 25, 2016.) The Coleman Report has published a compensation study of SBA BDOs since 1994. Data is collected in two ways: First, we…
Read MoreC-Suite Wednesday — Why you Need to Start or Invest in an SBIC
March 23, 2016 By Marty Teckler Partner, Kelley Drye mteckler@kelleydrye.com Contributor, C-Suite Wednesday C-Suite Wednesday — Why you Need to Start or Invest in an SBIC “Banks and their holding companies and certain investment advisers can derive significant regulatory advantages from participating directly or indirectly in the SBIC Program whether or not Leverage is obtained.…
Read MoreSBA Hot Topic Tuesday — New Inspector General Audit Denies Another $2.7 Million SBA 7(a) Guaranty
March 22, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — New Inspector General Audit Denies Another $2.7 Million SBA 7(a) Guaranty Continuing cost overruns pushed the construction of a fitness club from $5 million to $12.3 million. In 2011, California Bank & Trust approved a $2.7 million SBA 7(a)…
Read MoreMain Street Monday – Franchisees Bullish on Economy
March 21, 2016 Main Street Monday – Franchisees Bullish on Economy By Bob Coleman Editor, Main Street Monday Edith Wiseman serves as President of FRANdata, a leading advisory and research firm focusing on the franchise industry. Wiseman played a pivotal leadership role in the creation and growth of the Franchise Registry, a website accessed by…
Read MoreColeman’s Movers and Shakers
March 17, 2016 By Bob Coleman Editor, Movers and Shakers Seacoast Commerce Bank Announces the Hiring of Michael Cosentino, Vice President and SBA Business Development Officer, in Reno, Nevada “Michael is a great addition to our SBA Team and will develop our presence in Northern Nevada, complementing our Las Vegas, Nevada, loan production office. Michael…
Read MoreC-Suite Wednesday — C-Suite Wednesday — Paragon’s Niche? Franchise Lending in the Southeast
March 16, 2016 By Bob Coleman Editor, C-Suite Wednesday Episode 16 — Charles Yorke, President, Paragon Small Business Capital Group Welcome to Coleman Small Business Lending Podcast with your host, Bob Coleman. Today’s guest is Charles Yorke, President of the Paragon Small Business Capital Group. With 34 years experience in banking and 16 years in…
Read MoreParticipate in our SBA BDO Compensation Survey to Receive a Free Report!
March 15, 2016 Participate in our SBA BDO Compensation Survey to Receive a Free Report! By Bob Coleman Editor, Coleman Report Please take 2 minutes to participate in Coleman’s 2016 SBA BDO Compensation Survey. (Results will be published in May 2016.) Which of the following is your primary job function: SBA 7(a) BDO SBA 504…
Read MoreFraud Friday — Community Bank CEO Sentenced to Two Years for Understating Loan Losses
March 11, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Bank CEO Sentenced to Two Years for Understating Loan Losses Laurie Mayfield signed off of a Call Report that “hid” $830,000 in loan losses when her bank was sold to Texas-based Vantage Bank. She received two years in prison, three years probation…
Read MoreColeman’s Movers and Shakers
Coleman’s Movers and Shakers Lynn Ozer Joins Fulton Bank Reports Jeff Blumenthal of the Philadelphia Business Journal Lynn Ozer, one of the region’s most prominent Small Business Administration lenders, has landed a position as president of SBA lending at Lancaster, Pa.-based Fulton Financial Corp. According to her LinkedIn page, Ozer started her new role in…
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