Coleman Report

January 15, 2015 By Bob Coleman Editor, Thursday’s Movers and Shakers Marty Teckler Joins Kelly Drye as Partner Martin Teckler is a partner in the firm’s Washington, D.C. office. Marty is experienced in general corporate law, real estate, administrative law, securities and venture capital His principal areas of practice include representation of venture capital and…

January 14, 2015 By Bob Coleman Editor, Main Street Wednesday Says 77% of Main Street from a Newtek poll of 1,100 Main Street small businesses. Adds CEO Barry Sloane, “Business owners are far more optimistic about the 2015 economic environment than they were in 2014. A robust stock market, low interest rate environment and the…

January 12, 2015 By Bob Coleman Editor, Mug Shot Monday Farmers Bank & Trust received a $12 million loan from the Troubled Asset Relief Program in 2009. Three years later the Treasury department sold the loan at a $560,000 loss. With the loss, SIGTARP opened up the books and identified Brian Harrison as the executive…

January 9, 2015 By Bob Coleman Editor, Fraud Friday Last Friday, I wrote one of the surprising signs of fraud is when a banker funnels cash kickbacks, or bribes, through the spouse’s interior decorating company. Rebecca Grant of Ameris Bank in Georgia called me into the principal’s office, which I have been many times before…

January 8, 2015 By Bob Coleman Editor, Thursday’s Movers and Shakers While the column has been quiet the last two weeks due to Christmas and New Year’s industry moves haven’t slowed down! I’ll get you caught up in the next couple of weeks. Hanmi Celebrates Opening of Northern California SBA Loan Production Office CEO C.…

January 7, 2015 By Bob Coleman Editor, Main Street Wednesday Last week I offered my top five New Year’s resolutions Main Street should embrace. Then, I received the South Florida SBA office’s monthly newsletter. Their list of 14 resolutions is great advice for the entrepreneur who wishes to join Main Street. 1) Do not go…

January 6, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday Attached is the updated Version 10 of the 7a Matrix, effective 12/29/14. Please note that the changes on the attached pertain to Policy Notice 5000-1329, which states that effective 02/01/15 all lenders are required to make the following E-Train database changes (please note certain…

January 5, 2015 By Bob Coleman Editor, Mug Shot Monday Blaming a gambling addiction, a former branch manager of Members 1st Federal Credit Union and Mid Penn Bank begins 2015 serving a two year prison sentence. Tiffany Kay Look booked the four bogus loans between 2008 and 2011. She attempted to conceal the fraud by…

December 31, 2014 By Bob Coleman Editor, Coleman Report Main Street Wednesday 1) Start getting out of the credit card number storing business and embrace Apple Pay. I used it for the first time and it’s pretty cool. Waved my Iphone over the terminal and then verified payment with my thumb print. And, start accepting…