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, 2021 - December 31, 2021
|MEMBER NAME||MEMBER AFFILIATION|
|Ms. Elizabeth Manges||Hometown Bank of PA|
|Ms. Valerie Detwiler||Reliance Bank|
|Mr. Jeffrey Cramer||First Summit Bank|
|Ms. Deb Krise||Marion Center Bank|
|Mr. Les Brilhart||Somerset Trust Company|
|Ms. Michele Clapper||Johnstown Area Regional Industries|
|Mr. Joshua Boland||Somerset County Economic Dev. Council|
|Ms. Debra Clark||Huntingdon County Business & Industry, Inc.|
|Mr. John Duffey||Fulton Industrial Development Association, Inc.|
|Mr. Rich Lasek||Altoona Blair Co. Development Corporation|
|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 2021 meeting dates.
Ms Trudy A. Mitchell
Director, Business Lending Services
Phone:? (814) 949-6547
Fax:? (814) 949-6505