Posts Tagged ‘Coleman Report’
Coleman Movers & Shakers — Register for Free CRE Technology Webinar Sponsored by Partner Engineering
March 31, 2016 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Register for Free CRE Technology Webinar Sponsored by Partner Engineering Shannon Smith joins Heritage First Bank as Senior Vice President “It is an honor to welcome Shannon to the Heritage First family. He brings a wealth of knowledge to…
Read MoreC-Suite Wednesday — Why you Need to Start or Invest in an SBIC
March 23, 2016 By Marty Teckler Partner, Kelley Drye mteckler@kelleydrye.com Contributor, C-Suite Wednesday C-Suite Wednesday — Why you Need to Start or Invest in an SBIC “Banks and their holding companies and certain investment advisers can derive significant regulatory advantages from participating directly or indirectly in the SBIC Program whether or not Leverage is obtained.…
Read MoreSBA Hot Topic Tuesday — New Inspector General Audit Denies Another $2.7 Million SBA 7(a) Guaranty
March 22, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — New Inspector General Audit Denies Another $2.7 Million SBA 7(a) Guaranty Continuing cost overruns pushed the construction of a fitness club from $5 million to $12.3 million. In 2011, California Bank & Trust approved a $2.7 million SBA 7(a)…
Read MoreParticipate in our SBA BDO Compensation Survey to Receive a Free Report!
March 15, 2016 Participate in our SBA BDO Compensation Survey to Receive a Free Report! By Bob Coleman Editor, Coleman Report Please take 2 minutes to participate in Coleman’s 2016 SBA BDO Compensation Survey. (Results will be published in May 2016.) Which of the following is your primary job function: SBA 7(a) BDO SBA 504…
Read MoreFraud Friday — Community Bank CEO Sentenced to Two Years for Understating Loan Losses
March 11, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Bank CEO Sentenced to Two Years for Understating Loan Losses Laurie Mayfield signed off of a Call Report that “hid” $830,000 in loan losses when her bank was sold to Texas-based Vantage Bank. She received two years in prison, three years probation…
Read MoreColeman’s Movers and Shakers
Coleman’s Movers and Shakers Lynn Ozer Joins Fulton Bank Reports Jeff Blumenthal of the Philadelphia Business Journal Lynn Ozer, one of the region’s most prominent Small Business Administration lenders, has landed a position as president of SBA lending at Lancaster, Pa.-based Fulton Financial Corp. According to her LinkedIn page, Ozer started her new role in…
Read MoreColeman C-Suite Wednesday – SBA Loans: To Sell, or Not to Sell?
October 7, 2015 Coleman C-Suite Wednesday – SBA Loans: To Sell, or Not to Sell? By Walter McGlaughlin Coleman Report Contributor With SBA 7(a) loan volume at an all-time high and secondary market demand strong, the question of whether to sell or hold the guaranteed portions of closed loans is a front-and-center issue for many…
Read MoreSBA Hot Topic Tuesday — SBA Proposes Changes to Affiliation Rules
October 6, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Proposes Changes to Affiliation Rules SBA continues to simplify its rules and make it easier for Main Street to obtain access to capital. I’ve attempted to make the proposed changes easy to understand. The three major PROPOSED changes…
Read MoreFraud Friday — SBA Department Manager Guilty in La Jolla Bank Fraud
October 2, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Department Manager Guilty in La Jolla Bank Fraud The former SBA Department Manager of San Diego-based La Jolla Bank is going to jail for SBA loan fraud. Amalia Martinez pled guilty last week for accepting thousands of dollars in bribes and kickbacks…
Read MoreMovers and Shakers
October 1, 2015 By Bob Coleman Editor, Movers and Shakers ReadyCap Sells Excess SBLC License to CenterStone SBA Lending, Retains the CIT License John Moshier, President of ReadyCap Lending writes the Coleman Report, “ReadyCap Lending is pleased to announce the sale of one of its SBLC licenses. ReadyCap purchased the SBLC license formerly held by…
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