February 6, 2020
By Caity Witucki
Contributing Editor, Coleman Movers & Shakers
Coleman Movers & Shakers — Marcq Sung, Mark Donovan, and Bruce R. Marks
Marcq Sung Joins Community Reinvestment Fund
Community Reinvestment Fund (CRF) has hired Marcq Sung to be its director of program strategy and development. Sung brings nearly 15 years of experience in economic development, finance, nonprofit administration, and fundraising to his new role at CRF.
“CRF has been at the forefront in its pursuit of new financial strategies to aid community development, and I am proud to be a part of the organization’s creative initiatives,” says Sung. “With my background in both financial management and economic development, I know we can cultivate more strategic partnerships to continue CRF’s transformational work of bringing capital to communities and fomenting systemic change.”
“Marcq has a demonstrated ability to think critically and strategically about programs and partnerships that can best support our community impact goals,” said Keith Rachey, chief impact officer of CRF. “As we continue on our growth-oriented path, Marcq will undoubtedly help CRF fulfill its mission by launching new, impactful programs and cultivating new partnerships with like-minded organizations and funders.”
Evolve Bank & Trust Names Mark Donovan Chief Credit Officer
Evolve Bank & Trust has announced that Mark Donovan will be succeeding Dan Springfield as Chief Credit Officer upon Springfield’s retirement.
Donovan has nearly 25 years of experience in the retail banking sector as well as business and private banking. After completing his MBA at Wake Forest University, he took a position as Vice President of Credit Administration for Main Street Bank, Covington, GA. During the last 17 years, Donovan has held several senior credit positions and has spent the last 10 as the Chief Credit Officer with First Landmark Bank, A Division of National Bank of Commerce. While there, he supervised all of credit administration for the Atlanta Region, which encompasses the loan approval and credit quality of a $980M loan portfolio.
“I am excited to lead the Evolve credit team,” says Donovan. “I am looking forward to identifying new opportunities to grow and diversify our portfolio. Our lenders are the best in the business and continue to bring new prospects that are in alignment with our strategic plan for
Bruce R. Marks joins First Bank of the Lake
Bruce R. Marks has joined First Bank of the Lake’s SBA Lending team as Senior Vice President, Merger & Acquisition Sales Manager. In his new role, Marks will be responsible for growing the bank’s assets by capitalizing on his strong track record and relationships in the Merger &Acquisition arena. He will also mentor and be the team lead in Merger
& Acquisition Lending for First Bank of the Lake.
Marks has over 30 years of SBA Lending experience with the past 10 years focused solely in Mergers & Acquisition Lending. He works with financial buyers, searchers, independent sponsors and corporate buyers seeking financing for business acquisition transactions. He specializes in larger goodwill Mergers & Acquisitions transactions with Enterprise Values between $3 and $8 million dollars. He brings proven success in SBA production and has closed over $182 million in Enterprise Value over the last five years.
Marks earned a bachelor’s degree in Finance from Salem State University in 1981 and an MBA from Nova Southeastern University in 1988. He became a Certified Merger & Acquisition Advisor in 2015 and completed the National Association of Certified Valuators and Analysts (NACVA) Certification Program for business valuations in 2016. Marks has also been a professional ice hockey instructor for the past 27 years and represented Team USA where he won the Gold Medal at the 2013 World Maccabiah Games.
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