The firm said that it has agreed the sale of a portfolio of Irish commercial loans
to a consortium.
This new online version of our proven commercial loan
origination tools finally allows us to share this unique system with anyone with a computer," said Bill Marti, CFO.
Through Community Bank of Nevada's current 13 full-service banking offices in Nevada, two loan production offices located in Phoenix and San Diego, and the recently acquired Cactus Commerce Bank, now Community Bank of Arizona, it provides commercial banking services, including real estate, construction and commercial loans
and SBA loans to small- and medium-sized businesses.
According to Helfant, the current credit contraction is due mainly to the Tax Reform Act of 1986, which took away incentives to invest in commercial real estate; and the Financial Institutions Recovery, Reform, and Enforcement Act (FIRREA) of 1989, which imposed much tighter capital requirements for commercial loans
Since our focus is serving the commercial and business lending needs of business owners and non-profit organizations in Texas, Oklahoma, Arkansas and Kansas, we needed automated lending technology that created a reliable and efficient underwriting model for our small commercial loans
," Campbell said.
This increase was due primarily to a volume increase in commercial loans
as well as an increase in the prime rate from the previous year.
The annual Trigild Lender Conference grows every year and is an excellent symposium for the latest information on dealing with non-performing commercial loans
Heritage has 26 contractual obligations to fund, for its proprietary commercial loans
, called BCLOCs, totaling approximately $740 million.
The company principally is engaged in the business of attracting deposits from the general public and investing in commercial loans
and investment securities.
The National Credit Union Administration (NCUA) adjusted federal regulations to allow credit unions to offer commercial loans
Peck, Vice President and Commercial Loan
Officer, who started the Bank's commercial lending operations in New York in 2003 and has since then participated in the origination of over $80 million in commercial loans
, and Kenneth J.
The annual Trigild Lender Conference has grown to be an excellent source for the latest information on dealing with non-performing commercial loans