Missouri Bank with Virtual Workers Names Totowa Resident President of SBA Lending

On Jun 27, 2024

Missouri-based First Bank of the Lake, where 90% of its employees work remotely, has named Carolyn Calafiore of Totowa executive vice president and president of SBA Lending.

Since joining the bank’s SBA team in January 2022, Calafiore revitalized the closing, construction, and post-close processes, implemented new methodologies, and led the technology development team. Her efforts have significantly contributed to the bank’s growth, particularly in the closing and disbursement teams.

“Carolyn has been a superstar on the team since she started at the bank. Her dedication and expertise have driven our success, and we are confident she will continue to excel in her new role,” stated Mike Anderson, chairman, president & CEO at the financial institution.

With over 25 years of banking experience, including more than a decade in SBA lending, Calafiore has held various critical roles such as portfolio manager, closing group manager, and business development officer. Her impressive background also includes seven years as closing department manager, workout officer, and loan servicing manager. Calafiore’s profound understanding of the industry and her ability to drive results have been instrumental to her success at First Bank of the Lake.

In her new capacity, Calafiore will assume day-to-day leadership of much of the SBA team following a transition period over the next quarter.

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