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
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.
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.
Ms. Trudy A. Mitchell
Director, Business Lending Services
Phone: (814) 949-6547
Fax: (814) 949-6505