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Loan Review Committee
The Loan Review Committee (LRC) is comprised of members from the region’s banking community, as well as representatives from Industrial Development Organizations that serve the Commission’s six member Counties. The LRC evaluates all loan submissions and subsequently makes recommendations to the Commission’s Board of Directors.
The role of the LRC is, in many respects, similar to a bank’s loan committee. However, a critical difference is that loan applications are evaluated for their economic development impact and job creation potential. Moreover, the SAP&DC’s Revolving Loan Fund (RLF) often accepts a higher level of risk in the interest of promoting the region’s business growth.
LOAN REVIEW COMMITTEE MEMBERS
January 1, 2013 - December 31, 2013
| MEMBER NAME | MEMBER AFFILIATION |
|---|---|
| Mr. Donald Kane | M&T Bank |
| Mr. Rodney Clapper | Susquehanna Bank |
| Mr. Richard Winstead | First National Bank |
| Mr. Jeffrey Cramer | First Summit Bank |
| Mr. Eric Rummel | First National Bank |
| Mr. Richard Strait | Susquehanna Bank |
| Mr. Larry Burger | Kish Bank |
| Mr. Robert Enos | Somerset Trust Company |
| Ms Michele Clapper | Johnstown Area Regional Industries |
| Mr. Gary DuFour | Somerset County Economic Dev. Council |
| Mr. Paul Post | Huntingdon County Business & Industry, Inc. |
| Mr. Barry Surma | ABCD Corp. |
| Ms Bette B. Slayton | Bedford County Development Association |
The Loan Review Committee meetings are generally held the Friday prior to the third Wednesday of each month. The scheduled meeting time is 10:00 AM. Please refer to the Events calendar for the 2013 meeting dates.
CONTACT
Ms Trudy A. Mitchell
Director, Business Lending Services
Phone: (814) 949-6547
Fax: (814) 949-6505
tmitchell@sapdc.org