SBA

Pinnacle Bank Promotes Cliff Dennett to EVP

By Joyce C. Dimaculangan

California-based Pinnacle Bank has promoted Cliff Dennett to Executive Vice President, Senior Loan Officer. He has 20 years of experience in the banking industry and is based in the Bank’s Morgan Hill location.

Pinnacle BankBefore joining Pinnacle Bank’s lending team in 2007, he served as Vice President, Commercial Lending at Santa Clara Valley National Bank, where he was in charge of a sizable portion of the bank’s commercial portfolio.

Previously, he was the Assistant Vice President of the Private Lending division at Coamerica in Palo Alto. He started his career at National City Bank in Erie, Pennsylvania, where he held several roles in increasing responsibilities. With National City Bank, he managed a large portfolio of high net-worth clients.

“Cliff will continue to work with clients and will also take a larger role in developing the credit quality and efficiency of our SBA and C&I divisions. His knowledge and experience are an invaluable asset and his promotion was a natural progression,” stated Susan K. Black, President and Chief Executive Officer.

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Laurel McNamara Joins Small Business Finance

By Joyce C. Dimaculangan

CDC Small Business Finance recently announced that Laurel McNamara has joined the company as a Business Development Officer. In this capacity, McNamara will provide SBA financing products to small businesses throughout Arizona and Nevada.

Laurel McNamara CDC Small Business Finance

As BDO, McNamara will collaborate with existing loan officer Christopher Bane to provide small businesses access to a variety of SBA financing products, including Community Advantage loans up to $250,000 and microloans, up to $50,000.

McNamara has over 8 years experience with Fortune 500 companies in management, sales, and customer service.

Prior to joining Small Business Finance, she served as a Small Business Banker for Washington Federal in Phoenix, where she was responsible for executing integrated sales, service and relationship strategies to support growth, relationship deepening, and retention of small business clients. Before that, she worked for Arizona Bank & Trust, U.S. Bank, MB Financial Bank, and TCF Bank in Illinois.

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Suncrest Bank Hires Nutz as Chief Credit Officer

By Joyce C. Dimaculangan

Industry veteran Peter Nutz is the new Chief Credit Officer of Central California-based Suncrest Bank. With more than 20 years of experience in the banking industry, he joins a leadership team with outstanding domestic and international banking experience.

Peter Nutz Suncrest BankPrior to joining Suncrest Bank, Nutz spent 13 years of his career at Rabobank in the United States and overseas. He last served as Executive Director for Retail and Small Business Credit for Rabobank Group in Warsaw, Poland.

Nutz’ previous roles include Executive Risk Director for Debt Restructuring and Recovery, and Senior Ag Credit Officer for Rabobank’s US-wide Rural & Retail Division, based out of Fresno.

He also served Offutt Companies in North Dakota, Affinity Plus Federal Credit Union, and St. Paul Bank for Cooperatives (now CoBank) both located in Minnesota.

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Ray Drew Joins ReadyCap Lending in South Florida

By Joyce C. Dimaculangan

ReadyCap Lending, LLC, a national small business loan company offering SBA financing up to $5 million, is pleased to announce that Ray Drew has joined the company as Business Development Officer covering the South Florida region. In this capacity, Drew will be responsible for business development in Southeast Florida. He will report to Vice President, Sales Manager, George Andreaus.

Ray Drew ReadyCap LendingPrior to joining ReadyCap, Drew most recently served as Vice President, SBA Loan Specialist at HomeBanc in West Palm Beach, Florida.

Before that, he was a Client Advisor at Mercantile Capital Corporation, where he originated SBA 504 loans for commercial real estate acquisitions, construction projects, and refinancing to small businesses nationwide.

In addition to his banking career, Drew is an active member of the community. Currently, he serves as the Developing Leaders co-chair for the National Association of Industrial and Office Properties, Palm Beach County chapter. He was a member of Downtown Orlando Partnership and Winter Park Chamber of Commerce.

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Central Valley Community Bank Names New EVP

By Joyce C. Dimaculangan

Central Valley Community Bank has promoted Patrick J. Carman to Executive Vice President and Chief Credit Officer. In his new role, Carman will manage the credit administration team and oversee credit quality for the bank.

Patrick Carman Central Valley Community BankCarman has more than 42 years of experience in bank credit management. He joined Central Valley Community Bank in November 2008 and he most recently served the bank as Vice President and Senior Credit Officer.

Prior to joining CVCB, Carman served as President and Chief Operating Officer at Service 1st Bank, and before that, as Chief Credit Officer at East County Bank.

Carman will be taking over for Thomas L. Sommer, who announced his retirement. According to James M. Ford, President and CEO of Central Valley Community Bank, “Carman has worked closely with Sommer for the past seven years and his seasoned leadership will provide excellent continuity in this important role for Central Valley Community Bank.”

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Fountainhead Welcomes Steven Ellsworth as CCO

By Joyce C. Dimaculangan

Fountainhead Commercial Capital is pleased to announce that Steven Ellsworth has joined the business as its Chief Credit Officer. In this capacity, Ellsworth will build and manage the company’s growing credit team to drive credit quality and loan growth.

Steven Ellsworth Fountainhead Commercial CapitalEllsworth brings more than 25 years of lending experience to his new role. Throughout his career, he has analyzed and closed more than $6 billion in SBA 504 loans.

“Steve is widely recognized among small business lenders as one of the nation’s leading credit officers,” said Chris Hurn, Fountainhead CEO.  “We are fortunate to have him on board as we build out this critical division of our company.”

Ellsworth has served as a top credit official for some of the nation’s leading banks. He served as Vice President, Regional Portfolio Manager at Bank of America; Regional Risk Manager at JPMorgan Chase, and as Chief Credit Officer at Valley Capital Bank. During his 13-year tenure as the Director of National Credit at Zions National Bank, he grew a SBA 504 securitization program from $7 million per year to $1.2 billion per year.

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ReadyCap Lending Hires Charles Johnson in Orlando

By Joyce C. Dimaculangan

ReadyCap Lending recently announced that seasoned banker Charlie Johnson has joined the company as Business Development Officer, covering the Orlando region. In this capacity, Johnson will be responsible for business development in the Orlando area, and reporting to Vice President, Sales Manager, George Andreaus.

Charles Johnson ReadyCap LendingJohnson brings more than 25 years of comprehensive lending experience, mostly in the SBA arena. He comes to ReadyCap Lending from HomeBanc in Central Florida, where he most recently served as Vice President and received SBA Lender of the Year honors in 2014.

Throughout his years in the industry, he gained extensive experience and knowledge in financial products and lending after serving business development and management roles with various banking institutions.

Prior to HomeBanc, he was the Regional Account Manager at CIT Group, where he provided SBA debt financing for owner commercial real estate transactions. He also worked with Wells Fargo Bank, Bank of America, Fidelity Bank, GE Capital, and Northern Trust Bank.

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Hunt Joins AVANA Capital as Chief Credit Officer

By Joyce C. Dimaculangan

AVANA Capital welcomes Matthew Hunt as Chief Credit Officer. He will help oversee the company’s growing portfolio and new wholesale lending program, and manage over $1 billion in SBA 504 volume based on commitments received from global credit funds.

Matthew Hunt AVANA CapitalOne of the top SBA 504 lenders in the country, Hunt brings 20 years of experience in the banking industry. Before joining AVANA, he spent most of his career with Zions Bank, where he last served as Senior Vice President, Director of National Real Estate.

AVANA Capital looks forward to having Hunt on board. “With Matt’s 20 years of experience in SBA lending, his role of Chief Credit Officer will provide AVANA a strong foundation in continuing the momentum of building its platform in commercial real estate lending to small business in the US,” said Sanat Patel, Managing Partner of AVANA Capital.

“I am excited to work in an entrepreneurial environment and have the flexibility as a non-bank lender to make common sense lending decisions. I look forward to working with the AVANA team to help more entrepreneurs across the country realize their dreams and grow the economy,” commented Hunt.

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TD Bank Hires Delk as BDO in SBA Lending

By Joyce C. Dimaculangan

TD Bank welcomes Jason E. Delk as Vice President, Business Development Officer in the SBA Lending Division in Tampa, Florida. As VP, he is in charge of expanding the Bank’s SBA loan production, including SBA real estate mortgage and equipment loans, construction, refinancing, business acquisition and expansion as well as partner buyouts, serving businesses within the Tampa Bay market.

Jason Delk TD BankDelk brings 16 years of experience in banking, lending, and credit, including the last 12 years serving the Tampa Bay area. His expertise includes commercial lending, small business lending, and industrial banking.

Prior to joining TD Bank, he served as Vice President, SBA Specialist at HomeBanc in Tampa. Before that, he held top leadership roles in various banking institutions, including as VP, Commercial Lending at Central Bank; VP, Business Banking at Fifth Third Bank; and SVP at Old Harbor Bank. He also served as the President of Delk & Associates, a financial services firm.

Delk earned a B.S. degree in Accounting & Finance from Olivet Nazarene University in Bourbonnais, Illinois. He resides in Palm Harbor and volunteers his time as a board member and coach with the Palm Harbor Little League.

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Celtic Bank Adds Amato as VP, BDO

By Joyce C. Dimaculangan

Celtic Bank recently announced that Joseph Amato has joined the business as Vice President, Business Development Officer in the Bank’s SBA and Commercial Lending Department. He will be based in Lynchburg, Virginia.

Joseph Amato Celtic BankAmato has over 24 years of experience in commercial lending, with a strong background in developing, underwriting and packaging commercial financing opportunities using government-guaranteed funding programs. Throughout his career, he has worked with small business and middle market clients.

Prior to joining Celtic Bank, he served as Senior Business Development Officer at Wells Fargo SBA Lending, where he provided support and guidance for the development and funding of various types of small business financing opportunities.

He also spent 11 years at JGA Associates, where he last served as CEO. His experience also includes working at American Express Tax & Business Services, Business Development Associates, and Small Business Development Center.

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