Elevating Commercial Lending: The Movers and Shakers Making a Positive Impact

There has been a lot of movement in commercial lending heading into Q4 of 2022. Take a look at just a few of the business banking highlights in the last month. From people to institutions, 2023 will see some transformational shifts. Let's meet the movers and shakers in commercial lending.

Cash Flow Mastery: FlashSpread's Dynamic Bank Statements Feature

There has been a lot of movement in commercial lending heading into Q4 of 2022. Take a look at just a few of the business banking highlights in the last month. From people to institutions, 2023 will see some transformational shifts. Let’s meet the movers and shakers in commercial lending.

Ephrata National Bank

Ephrata National Bank, Ephrata Pennsylvania, promotes Todd Keagy to senior vice president, chief retail and small business banking officer. His domains include community banking, consumer lending, small business lending and business cash management. Additionally, Keagy oversees commercial lending strategic growth and development. He holds a Bachelor of Science in Business Administration from Elizabethtown College and has completed the American Bankers Association Commercial Lending School at Bucknell University. 

About Ephrata National Bank: Ephrata National Bank is an independent community bank with $1.8 billion in assets and 13 full-service locations in Lancaster, Berks and Lebanon Counties in Pennsylvania

Bank Newport

BankNewport names Marc Scanapieco vice president of business and commercial lending officer. His responsibilities focus on business development and commercial loan production, with additional duties in the areas of cross-sales originations and cross-team collaborations across Rhode Island. He comes to BankNewport from Liberty Bank, where he was a Vice President and a Business Banking Officer.

About BankNewport: BankNewport, founded in 1819, is a mutual company with over $2.3 billion in assets. There are no shareholders, so BankNewport reinvests earnings to serve its customers and communities. There are 18 branches throughout Rhode Island and they have been named one of Rhode Island’s Best Places to Work and Fastest Growing Companies by Providence Business News.

BayCoast Bank

Marie Pellegrino, senior vice president and chief financial officer of Swansea, Massachusetts-based BayCoast Bank, reports that the bank’s revenue jumped 30.2% from 2019 to 2021, and credits that growth to the federal Paycheck Protection Program launched during the COVID-19 pandemic to help keep small businesses on their feet.

The bank’s Commercial Lending Division arranged 828 loans in 2021 during the second round of the program, totaling $88.1 million across its branches in Massachusetts, Rhode Island and Connecticut.

About BayCoast Bank: BayCoast Financial Services has a 2021 revenue of $1.3 million across five divisions, including Commercial Lending, Mortgage, Insurance and Investments.


Fintech bank LendingClub anticipates seeing commercial loan business to continue modest 2022 gains into 2023. According to Sameer Gokhale, Head of Investor Relations, their commercial loans are “largely secured by collateral or cash flow and should continue to be a good source of revenue and credit quality diversification.” 

About LendingClub: LendingClub’s commercial loans were worth $615 million in Q1 of 2022, excluding the $185 million worth of PPP loans it still held. 

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Windsor Federal Savings

Windsor Federal Savings of Connecticut promotes Scott Andrusis to first vice president – commercial team lead and business development officer. Andrusis has been at Windsor Federal since 2019, after working at Rockville Bank and Farmington Bank. At Windsor Federal, Andrusis will serve as a mentor to commercial lenders and portfolio managers.

About Windsor Federal Savings: Windsor Federal is a Mutually Chartered Institution headquartered in Windsor, Connecticut. They have $745 million in assets and operate 11 branches across Connecticut.

Mt. McKinley Bank

Mt. McKinley Bank, Fairbanks, Alaska, promotes Jenny Mahlen to senior vice president, commercial lending. Mahlen joined the Mt. McKinley family two years ago, but has worked in the banking community in Interior Alaska for 30 years. She is a University of Alaska Fairbanks graduate and completed the Pacific Coast Banking School graduate program. She will lend her leadership and guidance to Interior Alaska by providing superior lending and banking services with exceptional customer service.

About Mt. McKinley Bank: Mt. McKinley Bank is the oldest and largest local bank in Fairbanks, operating four branches and a state-of-the-art main office adjacent to their original location. Mt. McKinley holds approximately $644 million in assets with $103.7 million in capital. 

Central Bank

Central Bank of Boone County, Columbia, Missouri promotes Brian Duncan to commercial loan officer. He will assist business customers with financing needs. Duncan started at Central Bank of Boone County as a senior credit analyst in 2019 before becoming a loan officer in 2020. He holds a Bachelor’s degree in Business Administration from University of Missouri and a Master’s of Business Administration from Columbia College. 

About Central Bank: Central Bank is a subsidiary of Central Bancompany, a privately held holding-company with headquarters in Jefferson City, Missouri. They manage more than $20 billion in assets, serve more than 250 locations in 78 communities, as well as operate 8 divisions, including Central Investment Advisors, Central Trust Company, Central Mortgage Company and Central Technology Services. 

Learn more about how FlashSpread can service your commercial lending business by scheduling a demo today.