Mid Penn Bank lender receives national recognition
Natalie Falatek named PPP Lender of the Year by the Coleman Report
“Helping Main Street business owners as they fight for their survival has been our primary focus in 2020.”
MILLERSBURG » Mid Penn Bank’s Natalie Falatek has been named the 2020 PPP Lender of the Year by the Coleman Report. Falatek is first vice president and director of SBA/Guaranteed Lending at Mid Penn Bank.
Falatek was selected by a panel of Coleman employees from lenders across the country in recognition of her “great dedication and commitment to American small businesses during these difficult times,” according to a press release. The Coleman Report provides critical analytical information to small business lending professionals around the country.
“We are proud of Natalie for earning this prestigious award,” Rory G. Ritrievi, Mid Penn Bank president and CEO, said in the release. “Her expertise and SBA savvy allowed us to immediately help owner-managed businesses when the Paycheck Protection Program was first authorized and opened under the CARES Act. Natalie’s relentless commitment to our customers and the broader small business community was an example that inspired the rest of our team, and allowed us to help protect the paychecks of more than 60,000 employees of small businesses.”
According to the Coleman Report’s announcement of the recognition on its website, Falatek and her team “processed more than $470 million in PPP loans, securing loans for 2,184 businesses.”
“Helping Main Street business owners as they fight for their survival has been our primary focus in 2020. I am particularly excited for the possibility of another round of PPP funding, and my
team is laying the groundwork now so that we can be there again to assist small businesses in our communities if and when the government authorizes the program,” Falatek said in the release. Falatek works in Harrisburg, at Mid Penn Bank’s Park Drive Administrative Center.
She has worked for Mid Penn Bank for nearly 10 years, has more than 15 years of financial services experience, and
is one of only 49 lenders in the country to have earned 7A Accreditation through the National Association of Government Guaranteed Lenders (NAGGL)’s Advanced Lender Diploma Program. She leads Mid Penn Bank’s SBA lending team, which in 2019 was ranked as the top community bank producer of U.S. Small Business Administration (SBA) loans in the Eastern Pennsylvania District.
In its announcement of Falatek as the PPP Lender of the Year, the Coleman Report stated that according to the S&P Global Market
Intelligence, through April 20, 2020, Mid Penn Bank was the third-ranked bank in the country “when looking at the amount of PPP loan funds lent as compared to a percentage of the loan portfolio.”
“This shows how ahead of the curve the bank was under Natalie’s leadership,” says Christyan DeVan, a Commercial Loan Officer at Mid Penn Bank. “She built a process and a team that was ready to go and ran very efficiently.”
A spokesman for the bank said as an institution, more than 4,000 PPP loans were issued for a total of more than $600 million.