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Commercial Lending Tools-Obtaining Financing in Today's Climate

1:00PM – 3:00PM


Bridgeport Country Club
382 Meadowbrook Road
Bridgeport, WV



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General Info


Clear Mountain Bank is partnering with the Central Chapter of the WVSCPA to offer this event to any Central Chapter Member free of charge.

Location:  This in person event will be held at the Bridgeport Country Club - 382 Meadowbrook Road, Bridgeport, WV 26330

Date:  Thursday, October 6, 2022

Lunch:  A free buffet lunch will be provided prior to the event.  Lunch will be served from 12:00pm to 1:00pm.

Time:  Presentation 1:00pm to 3:00pm

Topic of Discussion: This course will highlight commercial lending programs / enhancements that might be useful to commercial borrowers in the current and anticipated economic environment.  For instance, we could feature an interest rate hedging program we offer in conjunction with one of our correspondent partners that could provide longer-term fixed interest rates as well as programs like those offered by West Virginia Economic Development Authority, the Small Business Administration, the Federal Home Loan Bank, etc. that can assist borrowers in obtaining financing. 

We would like to invite our partners who we work with on these programs to participate and highlight the features of each of the programs and we could share a few examples / scenarios where such tools may be helpful.  In total, we would probably feature 4-5 programs / tools that might be useful to borrowers, and would probably invite 4 of our partners (WVEDA, SBA, FHLB and SouthState (our interest rate hedging correspondent)) to co-present with us on the various programs to be featured.

Speakers Bios:

Julie Francis, Federal Home Loan Bank, Pittsburgh, PA - Julie is the program manager for two FHLBank Pittsburgh's Community Dividend Products: Banking On Business and the community Lending Program.  In her role, she oversees the products' annual offerings including outreach and technical assistance to participating members, funds allocation, and reporting and compliance.  Prior to coming to FHLBank, Juile worked for the Urban Redevelopment Authority of Pittsburgh where she was Assistant Director of Neighborhood Development.  In her role at the URA, she was responsible for managing multi-year development projects, including the Lower Hill Redevelopment Project.  In addition, Julie played a major role in workload management, strategic initiatives and budgetary planning for a staff of six project managers and community development staff.  Prior to the URA, Julie worked at Trumbell County Planning Commission in Warren, Ohio, where she was a Program Coordinator for the county's economic development programs, including the Enterprise Zone, Community Reinvestment Areas and Community Development Block Grant Revolving Loan Fund. 

Rick Haney, WV District Office of the US Small  Business Administration - Rick Haney is the lender relations specialist for the WV District Office of the US Small Business Administration.  He has 36 years of service with the SBA and has experience in nearly every division at the WV office including four months of disaster detail.  As lender relations specialist, Rick is responsible for outreach, training, education, development, recruitment, consultation, and basic overall working with lenders and lending institutions throughout the state.  Rick is a graduate of Fairmont State University where he earned a Bachelor of Science degree in Business Administration.  He is active in the Masonic Lodge, member of the Bridgeport United Methodist Church where he sings in the Chancel Choir, plays in local community bands, is an avid runner, and an entrepreneur. 

Steve Webb, WV Development Authority - Steve is the Director of Financial Services, for the WV Economic Development Authority.  Steve has worked for the Authority office since September, 2009.  Steve's previous experience includes over 30 years in commercial banking including positions as a commercial lender (13 years), controller (8 years), and auditor (2 years), and as the controller of a community hospital (2 years). Steve received his Bachelor of Science in Business Administration, concentrating in Accounting, from WV State University.  He received his MBA in Bank Management from Troy University and is an Economic Development Finance Professional, National Development Council.  Steve has professional certifications in Bank Management, Graduate School of Banking of the South at Louisiana State University, and Commercial Lending, East Carolina University.  Steve has held many positions in his community and currently resides in Ripley, West Virginia.

Russ Smith, SouthState Bank - Russ Smith is a Managing Director in the Correspondent Division of SouthState Bank.  Russ works with Community Banks in the Northeastern US to initiate and utilize the Assumable Rate Conversion program (ARC), a loan level hedging platform allowing Community Banks to compete with National Banks across the country.  Russ has spent 30 years working in capital markets, and with a foundation in asset-liability management he excels at helping banks build and grow their businesses.  Russ is a graduate of Villanova University and NYU Stern School of Business. 

Credits:  2 CPE Hours

Field of Study:  Specialized Knowledge (2)

Pre-requisites:  None

Knowledge Level:  Basic, designed for all