June 16, 2022
Coleman Movers & Shakers – Deepesh Jain, John Chung, Joe Moss, and Ed Goff
Lili, a Banking App Built for Small Business Owners, Hires Deepesh Jain as CFO and COO
“We are thrilled to welcome Deepesh, bringing a wealth of knowledge and experience to the executive team. We built Lili to support an entire generation of workers, encouraging them on their financial journey to become the great innovators of tomorrow. With new products on the horizon, both on the banking offering and our productivity tools, our goal is to build an even more thorough one-stop shop for small business owners,” Lilac Bar David, co-founder and CEO of Lili, says.
Deepesh joins with over 20 years of experience in banking and fintech, most recently as the Head of Capital Markets for Sunlight Financial. Prior to Sunlight, he was the Head of Treasury and Funding for Kabbage, where he was responsible for all funding, liquidity, balance sheet management, bank relationships, cash management and tax along with overseeing the securitization program, corporate credit, private credit facilities and asset sales. Deepesh also brings a wealth of traditional banking experience from his time at Capital One and Barclays. Deepesh’s hire strengthens Lili’s position as the category-leader in banking services, creating a fully integrated ecosystem that provides banking and accounting support to anyone who runs a business on their own, allowing Lili’s users to focus on what matters most – running their business.
“From my previous roles, I deeply understand the pain points that 30M small business owners in the U.S. struggle with every day. I’m thrilled to join a company with unlimited growth potential with an excellent product roadmap trajectory. Lili is operating in a whitespace. There aren’t many financial services companies committed to serving and educating the next generation of America’s workforce. We’re really just getting started,” says Jain.
John Chung is First Bank’s New SVP, SBA Sales Leader
First Bank’s Specialty Lending Director, Jerry Kinlaw, says of Chung joining First Bank, “He brings a lot of energy and hands-on experience to our sales team. We have aligned our model to help small businesses not just in the Carolinas, where we’re headquartered, but nationwide, so that we can be a top SBA Lender. With John joining the team, we know that our sales staff will have the leadership they need to do the best work for small businesses in the U.S.”
John Chung, a 24-year veteran of commercial and governmental lending, will be leading an outside team of top producers who help small businesses finance their growing business needs. Chung is a native of DeKalb Illinois and a long-time resident of Orange County, California, and he was most recently the SVP and Sales Leader at Hanmi Bank. He has led numerous teams throughout his commercial banking and governmental lending career.
Chung says of his move to First Bank SBA, “It is an exciting opportunity to build and grow a successful SBA Sales Team. I’m most looking forward to being able to collaborate and create internal partnerships and build an efficient, high-performing sales culture to provide small business financing nationwide.”
Joe Moss Joins American Momentum Bank as SVP, SBA Business Development Officer
“Joe has nearly 30 years of experience in the banking industry and has spent much of his career working with small businesses as a commercial lender,” says Patrick Fenech, Senior Vice President, Managing Director SBA Lending at American Momentum Bank. “In addition, he has been a small business owner himself, which gives him a unique perspective on SBA lending. We look forward to having him on the team and expanding our reach in the Southeast.”
Prior to joining American Momentum, Moss served as SBA Business Development Officer for Lendstream Small Business Finance, one of 14 non-bank SBA lenders in the U.S. He has also served in SBA-related roles for Touchmark National Bank, First National Community Bank, and Security Exchange Bank. During this time, he closed over $200 million in SBA 7(a) loans across multiple asset types. Moss also served as president of Embassy National Bank, Appalachian Bancshares, and J. Moss and Company, a family-owned private-lending institution focused on serving small business owners in the commercial and residential real estate industry.
“I’m excited to join the American Momentum Bank team and help a wide range of small businesses achieve their business goals through the SBA lending program,” says Moss. “American Momentum Bank has a strong capital base with an overall desire to help the small business community, and I’m happy to be joining their team of well-seasoned veterans.”
Skowhegan Savings Bank Welcomes Ed Goff as Assistant Vice President, Commercial Lender
“We’re pleased to welcome Ed to our commercial lending team,” says Steve Thomas, Senior Vice President and Senior Commercial Lender. “His successes as a Maine business owner will be a unique asset to our commercial customers in assisting them with their financial needs and goals today and into the future.”
He comes to the bank with over 19 years of experience in small business ownership, including a construction equipment rental business and a chain of car washes from Skowhegan to Brunswick. His businesses have been recognized by numerous awards, highlighted in world trade magazines and he has received the Skowhegan Area Chamber of Commerce’s “Community Impact Business Award.”
“As a former small business owner for nearly 20 years, Skowhegan Savings Bank has always been there to support my businesses’ financial needs and goals,” says Goff. “I now look forward to joining the commercial team where I can return that level of support, shown to me, to other Maine business owners on behalf of the bank.”