Coleman Report

August 14, 2023 Delaney SextonContributing Editor Main Street Monday – 88% of All Farms in the Country are Small Businesses Across the country, there are almost 1.8 million small family farms (farms with gross cash farm income of less than $350,000) according to a recent report from the SBA Office of Advocacy. That accounts for…

August 11, 2023 Delaney SextonContributing Editor Fraud Friday – Employees Claim Bank of America Paid Them Insufficiently During PPP A class action lawsuit was recently filed against Bank of America for allegedly paying their workers inadequately during the Paycheck Protection Program. Employees across the country worked grueling hours early in the pandemic to execute a…

August 10, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Joseph Pedrotti, Kevin Bieber, and Cody Beech Joseph Pedrotti Named VP, Senior Commercial Lender for Pathfinder Bank “We are thrilled to welcome Joe to our team,” says Ronald Tascarella, First Vice President and Chief Lending Officer. “With his wealth of knowledge in commercial banking…

August 9, 2023 Delaney SextonContributing Editor C-Suite Wednesday – 25% of Small Businesses Had Their Borrowing Needs Met In the last four months, business owners have shown a steady increase in small business optimism according to findings from the NFIB’s July Small Business Economic Trends report. Though optimism has risen throughout the summer months, uncertainty…

August 8, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Small Business Lending Totals in the 10 Most Populated Cities The SBA Office of Advocacy launched a new series titled Small Business Profiles for Major Metropolitan Areas. Of the data provided, the reports show small business lending trends in metropolitan areas across the country.…

August 7, 2023 Delaney SextonContributing Editor Main Street Monday – C&I Loan Default Rates are at 12.5% & CRE Loan Defaults Reach 20% Last week, Coleman Report streamed the fourth of a series of webinars, “Navigating the New Banking Landscape: Strategies and Solutions”. Jon Winick, Christopher Marinac, Edward Hida, and Jason Kuwayama came together to…

August 4, 2023 Delaney SextonContributing Editor Fraud Friday – PPP Lender Who Fraudulently Gained $71.3 Million in Fees Sentenced to 4.5 Years U.S. Attorney Damian Williams says: “Martinez lied to get money that was supposed to help people through the challenges of COVID-19.  He lied so that he could fund a lavish lifestyle of cars,…

August 3, 2023 Delaney SextonContributing Editors Coleman Movers & Shakers – Josh Riley, Jerry Benko, Douglas Parker, and David Schmidt The Middlefield Banking Company Expands Commercial Banking Team with Josh Riley and Jerry Benko “Josh and Jerry are proven bankers both with over 20 years of experience serving the unique needs of their respective markets,”…

August 2, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Loan Demand is Dropping and Banks are Tightening Credit Conditions Loan officers across the country reported tightening credit standards and lower demand for all loan categories in The Federal Reserve’s Senior Loan Officer Opinion Survey. For commercial and industrial (C&I) loans, tighter standards and weaker demand…

August 1, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – The SOP 50 10 7 and Other SOPs Are Effective Today Beginning today, the SOP 50 10 7 is effective and will apply to every loan application received during or after today. The SOP 50 57 3 is also effective starting today, and the…