Mid Penn Bank’s Natalie Falatek named PPP Lender of the Year by Coleman Report | Business
MILLERSBURG – Natalie Falatek of Mid Penn Bank was named the 2020 PPP Lender of the Year by the Coleman Report. Falatek is Senior Vice President and Director of SBA / Secured Loan at Mid Penn Bank.
Falatek was selected by a panel of Coleman employees from lenders across the country in recognition of its “great dedication and commitment to American small businesses in these difficult times,” according to a press release. The Coleman Report provides critical analytical information to small business lending professionals across the country.
“We are proud of Natalie for winning this prestigious award,” said Rory G. Ritrievi, President and CEO of Mid Penn Bank, in the statement. “His SBA expertise and know-how allowed us to immediately assist owner-managed businesses when the Paycheck Protection Program was first authorized and opened under the CARES Act. Natalie’s unwavering commitment to our clients and the larger small business community was an example that inspired the rest of our team and allowed us to help protect the paychecks of over 60,000 small business employees. companies.
According to Coleman Report’s announcement of the recognition on its website, Flatek and his team “have processed over $ 470 million in PPP loans, guaranteeing loans to 2,184 companies.”
“Helping Main Street business owners fight for survival has been our primary focus in 2020. I’m especially excited about the possibility of another round of PPP funding, and my team is preparing the ground now. so that we can be there again to help small businesses in our communities if and when the government authorizes the program, ”Falek said in the release. Falatek works in Harrisburg, at the Park Drive administrative center of Mid Penn Bank.
She worked for Mid Penn Bank for almost 10 years, has over 15 years of experience in financial services and is one of 49 lenders nationwide to have achieved 7A accreditation through the Association. National Government Guaranteed Lenders (NAGGL). Advanced Lender Diploma Program. She leads the SBA loan team at Mid Penn Bank, which was ranked in 2019 as the # 1 US Small Business Administration (SBA) community loan-producing bank in the Eastern District of Pennsylvania.
In its announcement of Falatek as PPP Lender of the Year, the Coleman report said that, according to S&P Global Market Intelligence, until April 20, 2020, Mid Penn Bank was the third largest bank in the country “looking at the amount PPP loan funds lent against a percentage of the loan portfolio.
“It shows how far ahead the bank was under Natalie’s leadership,” says Christyan DeVan, head of commercial loans at Mid Penn Bank. “She built a process and a team that was up and running and was operating very efficiently.”
A spokesperson for the bank said that as an institution, over 4,000 PPP loans have been issued for a total of over $ 600 million.