Member Success Stories

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2010 Member Success Archive > 

2012

J.R. BRUNO & ASSOCIATES NAMES TOM ROSA TO FIRM’S SBA AND BUSINESS LENDING CONSULTING TEAM
January 25, 2012--J.R. Bruno & Associates, a leading consulting firm to SBA and business lenders, has named banking executive Tom Rosa to its team of consultants. Rosa brings more than 40 years of financial services and commercial lending experience to the firm. He has served as president and chief executive officer and executive vice president-senior lending officer at several community banks and has held leadership positions with overall responsibility for lending operations, portfolio management, and business development. “I’ve known Tom Rosa for many years and am excited that he’s joining J.R. Bruno & Associates. Tom is a proven leader and will be a tremendous asset to our company – and our clients,” said J.R Bruno President Joanna Bruno. “Tom’s expertise will be a great asset in assisting banks in setting up or expanding SBA and business lending programs, along with assessing current processes for efficiency and credit quality enhancements.”

Demand for SBA-backed loans still high
January 23, 2012--Robert Polito, director of government-guaranteed lending for Webster Bank in Waterbury, Conn., said three areas that will drive SBA lending in 2012 include the organization’s budget flexibility, banks’ response to the October 2010 measure that increased the maximum SBA-backed loan value from $2 million to $5 million, and banks’ and businesses’ response to the simplification of the CAPLines program. Access to working capital lines is particularly significant for local businesses, Polito said, predicting that SBA-backed loans under its CAPLines program would “significantly increase in volume for fiscal year 2012.” “In prior years the product was not even remotely used by SBA lenders because of the complexities,” he said. “What the SBA did was to drastically decrease the hoops you have to jump through to get one approved.” more > 

Geoff Miller Joins Community 1st Bank as Senior Vice President/Commercial Loan Officer
January 19, 2012--Community 1st Bank has named Geoff Miller its Senior Vice President/Commercial Loan Officer. He has nearly 25 years of experience in the financial services industry. Miller has held various managerial positions in the banking business and is highly respected in the industry throughout the Sacramento region. Prior to joining Community 1st Bank, he served as the Vice President and Branch Manager for Bank of the West in Carmichael. Community 1st Bank has branches in downtown Auburn at 649 Lincoln Way, and in Roseville at 2250 Douglas Boulevard. “We’re really excited about Geoff becoming part of our team,” said Robert Haydon, President & CEO of Community 1st Bank. “He demonstrates a high level of knowledge in Commercial and SBA real estate lending. Geoff gives added strength to our management group and was the ideal candidate for this position.” more > 

Community Reinvestment Fund, USA Initiates SBA 7(a) Lending Program to Help Small Businesses With Financing in 2012 and Beyond
Jan. 11, 2012 – Community Reinvestment Fund, USA (CRF), a Minneapolis-based national non-profit and Community Development Financial Institution (CDFI), announced it was selected as one of only 14 nationwide non-banking institutions to offer the U.S. Small Business Administration’s (SBA) 7(a) loan program. While many U.S. banks participate in this program, the SBA limits the number of non-bank 7(a) licenses to just 14 institutions nationwide, enabling them to offer eligible small businesses SBA Guaranteed Loans up to the program maximum. CRF is participating in this program for the first time. Many small businesses that aren’t eligible for bank loans may access longer-term loans from CRF to make capital improvements, add jobs and restructure or renew debt.“With our new 7(a) program, we can focus on our passion of helping small businesses, and particularly those in low-income communities, said Brian Burke, CRF’s National SBA Lending Director. “We’ve always had small business financing programs, but now we’ll be partnering with banks, credit unions and CDFIs to reach many more small businesses in need.” more >