First Bank of the Lake Promotes Carolyn Calafiore to EVP and President of SBA Lending

June 27, 2024

Delaney Sexton
Contributing Editor

First Bank of the Lake Promotes Carolyn Calafiore to EVP and President of SBA Lending

“Carolyn has been a superstar on the team since she started at the bank. Her dedication and expertise have driven our success, and we are confident she will continue to excel in her new role,” states Mike Anderson, Chairman, President and CEO.

Since joining the bank’s SBA team in January 2022, Calafiore has made significant contributions, showcasing her extensive expertise and leadership skills. During her tenure at First Bank of the Lake, Calafiore revitalized the closing, construction, and post-close processes, implemented new methodologies, and led the technology development team. Her efforts have significantly contributed to the bank’s growth, particularly in the closing and disbursement teams.

With over 25 years of banking experience, including more than a decade in SBA lending, Calafiore has held various critical roles such as Portfolio Manager, Closing Group Manager, and Business Development Officer. Her impressive background also includes seven years as Closing Department Manager, Workout Officer, and Loan Servicing Manager. Calafiore’s profound understanding of the industry and her ability to drive results have been instrumental to her success at First Bank of the Lake.

In her new capacity, Calafiore will assume day-to-day leadership of much of the SBA team following a transition period over the next quarter. Annemarie Murphy, Senior Executive Vice President and Chief Lending Officer, will continue overseeing credit and portfolio functions, ensuring a seamless transition and sustained excellence in service.