June 18, 2020
By Caity Witucki
Contributing Editor, Coleman Movers & Shakers
Coleman Movers & Shakers — Dennis Hudson, National Main Street Center, and Lendio
Dennis Hudson Retiring as CEO of Seacoast Banking Corp.
Seacoast Banking Corp. announced in a recent press release that Dennis Hudson will be retiring from his position as President and CEO of the bank. COO and CFO Chuck Shaffer is slated to succeed Hudson as President and will become CEO in January 2021. Hudson will become the board’s executive chairman and Shaffer will join the company’s board next year.
“This transition in leadership is in line with a careful and methodical plan we’ve had in place for some time. During the past several years, Chuck has demonstrated, through his excellent execution of our balanced growth strategy, that he is the right person to lead Seacoast,” says Hudson. “He’s been instrumental in positioning Seacoast for what will be a vibrant future.”
“At year end, I will assume the role of Executive Chairman of the Board of Directors,” Hudson continues. “While my role will change, my commitment to ensuring Seacoast Bank continues to outperform is stronger than ever. Together, we will continue to evolve our company while preserving our culture and carrying on our legacy of customer service and support for the communities we serve.”
Seacoast Banking Corp. is an SBA preferred lender, offering a variety of programs aimed at helping small businesses. Seacoast participates in the SBA 7(a) program, SBA 504 program and the USDA B&I program.
The National Main Street Center (NMSC) and Union Pacific Provide Grants to Eight Kansas Small Businesses
The National Main Street Center (NMSC) and Union Pacific recently announced the recipients of the Union Pacific Kansas Main Street Recovery Fund, a grant program to support the economic recovery of Kansas districts impacted by COVID-19.
“We are proud to partner with Union Pacific and the Kansas Main Street Program to support these outstanding Main Street organizations during this difficult time,” says NMSC’s President and CEO Patrice Frey. “Implementing the programs proposed by these grant recipients will be vital to helping small businesses and local economies weather the storm of COVID-19.”
Independence Main Street, McPherson Main Street Inc., Russell Main Street, Inc., and Seneca Downtown Impact Inc. will receive $3,000 each to support downtown marketing and promotional initiatives, as well as technical support from the National Main Street Center’s Field Services team and complimentary Main Street America membership. El Dorado Main Street, Inc., Leavenworth Main Street Program, Inc., Downtown Overland Park Partnership, and Downtown Parsons will also receive $3,000 to support their commercial district marketing efforts.
“I’m so pleased to see the grants awarded to support great projects planned in these Main Street communities across Kansas,” says Department of Commerce Secretary, David Toland. “The downtown district is the heart of the community, and that’s exactly what these projects aim to revitalize. In addition, these grant-funded initiatives will help bring new prospective businesses and professionals looking for a comfortable, modern location. This assistance is critical as we recover from the fallout of COVID-19 and return to a posture of growth.”
Lendio to Partner With Financial Institutions to Power PPP Loan Forgiveness Application Process
Online lending platform Lendio announced on Friday it will partner with financial institutions across the U.S. to power the forgiveness application process for Paycheck Protection Program (PPP) loans. Lendio reported that its combination of a secure white-labeled borrower portal, in addition to the backend lender portal, provides the necessary tools to deliver a scalable technology solution to support the entire loan forgiveness process. The lender will be using its expertise and experience in partnering with financial institutions, both prior to and during the PPP, to power the next phase of the program.
“Financial institutions can partner with Lendio on PPP loan forgiveness in one of two ways. Lendio will help financial institutions harness technology to efficiently process large volumes of loan forgiveness applications. Lendio will also provide an option for end-to-end loan forgiveness support through dedicated loan forgiveness agents. Through this approach, financial institutions and their clients will benefit from Lendio’s high-tech, high-touch customer experience,” says Brock Blake, CEO and Co-Founder of Lendio.
Lendio has already helped over 300 financial institutions process more than 100,000 PPP loans totaling over $8 billion in approvals.