Coleman Movers & Shakers — SBA Loan Software Companies Merge

January 12, 2017

By Bob Coleman
Editor, Coleman Movers & Shakers

Coleman Movers & Shakers — SBA Loan Software Companies Merge

CDC Ventures and Anchor Commercial Services Merge

CDC Ventures, an affiliate of CDC Small Business Finance, and Anchor Commercial Services have merged effective Jan. 1.

The two firms provide SBA loan processing software systems to certified development companies.

“Joining forces will position us well to innovate and add features to the software as new opportunities and challenges arise in the industry,” says Catherine Riddle, CEO of CDC Ventures.

Julie Middleton, former president of Anchor Commercial Services, says, “One of the greatest benefits of the merger is that LMS clients will be able to take immediate advantage of a secure, web-based system upon conversion to Ventures+.”

Julie, along with former Anchor employees Sean Gowen and Steve Quang, join the staff of CDC Ventures.

Anchor had served the CDC and SBA industries for 29 years.

Dime Community Bank Names Stuart Lubow Senior EVP of Business Banking

“Today Dime takes another step forward in its evolution toward becoming a full service community commercial bank. Stu shares our values and focus on the customer, and brings a unique skill set of starting and growing the commercial bank services necessary to producing an improved commercial bank-like loan and deposit mix,” says President Kenneth Mahon of the New York-based bank. “Stu has been an extraordinary leader and has a proven track record of success throughout his career.”

Stu says “I am thrilled to join Dime Community, with its rich history and look forward to helping Dime evolve into a preeminent community commercial bank. These commercial services will well complement Dime’s existing successful commercial real estate model.”

Stu will be responsible for all the bank’s direct relationship (non-broker) commercial business activities, including C&I loans, direct-sourced CRE loans and SBA loans,

Lubow has been a banking executive for over 37 years, most recently as Chairman, CEO, and President of Community National Bank, a full service community bank with nearly $1 billion in assets and 10 branches.

Previous to that, he was Founder, CEO, and President of Community State Bank and prior to Community State Bank, Mr. Lubow held executive positions at Garden State Bank, Dollar Dry Dock Bank, and People’s Bank, N.A. Mr. Lubow is a graduate of Moravian College, Bethlehem, Pennsylvania, where he received a Bachelor of Arts degree in Accounting

Upcoming Coleman Webinars

What SBA Lenders Need to Know About the New SOP 5010 (I) Effective Jan 1 – Wednesday, January 25, 2017

Documenting SBA Loan Equity Injection: How to Avoid Costly SBA Guaranty Repairs and Denials – Wednesday, February 1

Upcoming SBA Lending Professional Industry Events

Southeast Small Business Lenders Conference 2017, March 5-7, Hilton Head, SC

Mid-America Lenders Conference 2017, April 10-12, Austin, TX

FLAGGL 2017, September 12-15, Orlando, FL