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, 2024 – December 31, 2024
|
MEMBER NAME |
MEMBER AFFILIATION |
|
Mr. Les Brilhart Ms. Michele Clapper Ms. Debra Clark-Loner Ms. Valerie Detwiler Ms. Elizabeth Manges Mr. Michael Paulman Mr. Tom Seasoltz Ms. Bette B. Slayton |
Somerset Trust Company Johnstown Area Regional Industries (JARI) Huntingdon County Business & Industry, Inc. Reliance Bank Hometown Bank of PA First Summit Bank Altoona-Blair County Development Corp. 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.
CONTACT
Ms. Trudy A. Mitchell
Director, Business Lending Services
Phone: (814) 949-6547
Fax: (814) 949-6505
tmitchell@sapdc.org
