May 19, 2022
Coleman Movers & Shakers – Mike Pierson, Lauren Angat, City National Bank and Key Hires
Gulf Coast Small Business Lending Promotes Mike Pierson to EVP – National Sales Manager
“Mike has been with us since we originally launched our SBA lending platform and we are delighted to elevate him to the role of National Sales Manager where I am fully confident that he will help us continue our growth,” states Nimi Natan, Division President and CEO of Gulf Coast Small Business Lending.
Mr. Pierson has been a dedicated SBA lender for over 20 years, joining the Gulf Coast Small Business Lending team, a division of Gulf Coast Bank & Trust Co., in 2014. In 2019, Mike was promoted to the role of Regional Sales Manager and in 2022 he was named Executive Vice President – National Sales Manager. As a producing sales manager, Mr. Pierson will oversee a team of 9 nationwide SBA Business Development Officers while still actively originating SBA loans from his own long-term referral source relationships. Mr. Pierson will continue to work from his office in Santa Rosa Beach, FL.
Lauren Angat Joins BDC Capital / CDC New England as SBA 504 Business Development Officer
Dave Raccio, SVP, Managing Director of SBA 504 Sales, states “Lauren has a strong background working in banking and SBA lending. We’re confident that Lauren will be a great addition to our team in providing fast turnaround and clear communications for SBA 504 loans.”
Lauren Angat joined BDC as Vice President, Business Development Officer in 2022 after a seven-year career in banking with TD Bank. While working for TD Bank, Lauren gained experience with Small Business, Commercial and SBA lending, including formal credit training. During the SBA PPP program, Lauren was instrumental in assisting small businesses with funding, as well as training others within the bank to process PPP loans and applications.
Lauren will focus on new business development for SBA 504 loans in the areas of Connecticut, Western Massachusetts, Vermont, and Southern New Hampshire. She earned a B.A. in Finance and a Certificate in Banking from Florida International University.
City National Bank Ranked Second Largest Lender in the US for SBA 504 Loans & Key Hires
“Entrepreneurship is at the very heart of our company, and City National Bank understands entrepreneurs better than anyone else,” says David Cameron, Senior Vice President and Head of Business Banking for City National. “We are a bank founded by entrepreneurs, and our clients continue to rely on our customized service to help their businesses grow.”
City National Bank announced today that it is ranked the second-largest lender in the U.S. for Small Business Administration (SBA) 504 loans, according to the SBA mid-fiscal year 2022 report. City National approved 79 small business loans worth more than $140 million from October 1, 2021- March 30 of this year. 504 loans are used for a variety of assets that promote business growth, including the construction of new buildings or purchasing existing buildings and equipment. City National’s top national ranking reflects its history of serving entrepreneurs and understanding their objectives. The bank’s SBA team has also expanded nationwide to serve its clients’ financial needs.
The 504 loan made a significant difference for Spectrum Lithograph, a family-owned Bay Area manufacturing company that designs and prints boxes for packaging products. The loan resulted in a $13k reduction in the company’s monthly spending, giving the owner more financial freedom for the future.
Shawn Pereira, Spectrum Lithograph’s chief executive officer, says, “City National Bank offered me an ideal financial solution that allowed me to refinance the building, pull out cash and reinvest it to buy new equipment for my business. No other banks were able to offer me an option that helped me achieve all of these important financial goals.”
In addition to the ranking, City National Bank welcomes many new members to its team:
James Cheung – SBA National Sales Manager
Cheung is a seasoned financial services veteran who leads a team that is responsible for developing and growing the SBA program for City National Bank. The team is focused on providing financing and customized solutions to the bank’s small business clients. Cheung’s prior professional experience includes serving in similar managerial roles at Bank of the West, Comerica Bank, and Wachovia. Cheung is based in Sacramento. He received his Bachelor of Science Degree in Business from California State University, Sacramento.
Jerry Mondene – SBA Credit Manager
With more than 25 years in the financial services industry, Mondene joined City National in February 2022 after serving as a Director/Credit Manager for Union Bank. He earned his MBA from the University of Redlands and Bachelor’s Degree in Business Administration from Cal State Fullerton.
Matt Foley – Senior SBA Business Development Officer, East Coast
Matt Foley has been in the banking industry for over 17 years, with a focus in business and commercial lending throughout that time. Beginning in Massachusetts with Santander, moving to HSBC in Manhattan before spending his last 9 years at City National Bank as a Business Banking Relationship Manager, Team Leader and most recently Business Banking Manager for New York Metro.
Ceci Pistone – Senior SBA Business Development Officer, Southern California
Seasoned financial services industry veteran, Ceci Pistone, has more than 25 years of experience in providing Commercial real estate financing solutions for owner occupied commercial real estate. She joins City National from Bank of the West where she was a Vice President of Business Development/Commercial Real Estate (CRE) Finance/SBA Lending.
Mike Shepston – Senior SBA Business Development Officer, Northern California and Nevada
Mike is a proven producer with the ability to adapt and generate business in any environment. He started his career at Wells Fargo as a credit analyst and underwriter before serving in various roles at Bank of the West, Live Oak Bank, and Union Bank.
Mark Morales – SBA Loan Specialist
Mark has over 20 years of business banking experience and specializes in SBA financing and loan programs for diverse-owned businesses. He has been with City National since 2017.
Christina Schlink – SBA Loan Specialist
Christina joined City National in April after serving as an SBA Business Development Officer for Bank of the West. Before that position, she held the same role at Wells Fargo for seven years.
Carmel Yannetta – SBA Loan Specialist
Carmel joined City National as a VP SBA Loan Specialist in March from Bank of the West where she was a Business Development Officer for a decade. She earned her Bachelor of Arts in Business Finance from Pacific University.