United Community Bank launches not-for-profit financing
July 18, 2018
United Community Bank announced Steve Fenlon as Vice President – Head of 501(c)3 Finance. Fenlon has an extensive background in handling tax-exempt private activity bonds and will spearhead a new offering from United: not-for-profit tax-exempt financing. He will be based out of Marietta, Ga. but will serve the bank’s entire four-state footprint.
“Steve’s expertise in this unique sector will help differentiate us in our markets,” said Charles Chamberlain, Head of Corporate Banking at United Community Bank. “We are excited to be able to offer not-for-profit tax-exempt financing because it further demonstrates our dedication to our communities and to the benevolent organizations that genuinely improve and support the quality of life in those communities.”
Fenlon has 30 years of experience in originating transaction opportunities with significant nonprofits in the Midwest, Central States and Southeast. He is the former owner and president of Midwest Healthcare Capital, a 501(c)3 Tax-Exempt Finance Specialist Company that was previously based out of Woodstock, Ga. Fenlon’s focus will center around tax-exempt and taxable financing for 501(c)3 entities.
“It is an honor to join United Community Bank and help lead their efforts in the nonprofit financing sector,” said Fenlon. “This is a bank that puts its community first, and at the heart of any great community are those who generate hope through mission-driven organizations. Together, we will provide those organizations with the options they need to build and sustain resources to carry out their missions.”
Fenlon holds a Bachelor of Arts degree in public accounting from the University of St. Thomas. Prior to launching his own business, he worked in various financial roles for several companies including Touché Ross & Co., First National Bank-St. Paul, ITT Inc., and Juran & Moody, Inc. Fenlon has been involved with many community organizations including the Transfiguration Catholic Church in Marietta, Big Brothers Big Sisters and the Family Promise of Cobb County.
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ:UCBI) is a bank holding company based in Blairsville, Georgia with $12.3 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the Southeast region’s largest full-service banks, operating 151 offices in Georgia, North Carolina, South Carolina, and Tennessee. The bank specializes in personalized community banking services for individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products including mortgage, advisory and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service. For the last five years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast. In 2018, for the fifth consecutive year, Forbes magazine included United on its list of the 100 Best Banks in America. Additional information about the company and the Bank’s full range of products and services can be found at www.ucbi.com.
United Community Bank launches not-for-profit financing
July 17, 2018
Steve Fenlon to Lead Tax-Exempt Nonprofit Financing Initiative
United Community Bank welcomes Steve Fenlon as Vice President – Head of 501(c)3 Finance. Fenlon has an extensive background in handling tax-exempt private activity bonds and will spearhead a new offering from United: not-for-profit tax-exempt financing. He will be based out of Marietta, Ga. but will serve the bank’s entire four-state footprint.
“Steve’s expertise in this unique sector will help differentiate us in our markets,” said Charles Chamberlain, Head of Corporate Banking at United Community Bank. “We are excited to be able to offer not-for-profit tax-exempt financing because it further demonstrates our dedication to our communities and to the benevolent organizations that genuinely improve and support the quality of life in those communities.”
Fenlon has 30 years of experience in originating transaction opportunities with significant nonprofits in the Midwest, Central States and Southeast. He is the former owner and president of Midwest Healthcare Capital, a 501(c)3 Tax-Exempt Finance Specialist Company that was previously based out of Woodstock, Ga. Fenlon’s focus will center around tax-exempt and taxable financing for 501(c)3 entities.
“It is an honor to join United Community Bank and help lead their efforts in the nonprofit financing sector,” said Fenlon. “This is a bank that puts its community first, and at the heart of any great community are those who generate hope through mission-driven organizations. Together, we will provide those organizations with the options they need to build and sustain resources to carry out their missions.”
Fenlon holds a Bachelor of Arts degree in public accounting from the University of St. Thomas. Prior to launching his own business, he worked in various financial roles for several companies including Touché Ross & Co., First National Bank-St. Paul, ITT Inc., and Juran & Moody, Inc. Fenlon has been involved with many community organizations including the Transfiguration Catholic Church in Marietta, Big Brothers Big Sisters and the Family Promise of Cobb County.
About United Community Banks, Inc.
United Community Banks, Inc. (NASDAQ:UCBI) is a bank holding company based in Blairsville, Georgia with $12.3 billion in assets. The company’s banking subsidiary, United Community Bank, is one of the Southeast region’s largest full-service banks, operating 151 offices in Georgia, North Carolina, South Carolina, and Tennessee. The bank specializes in personalized community banking services for individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products including mortgage, advisory and treasury management. Respected national research firms consistently recognize United Community Bank for outstanding customer service. For the last five years, J.D. Power has ranked United Community Bank first in customer satisfaction in the Southeast. In 2018, for the fifth consecutive year, Forbes magazine included United on its list of the 100 Best Banks in America. Additional information about the company and the Bank’s full range of products and services can be found at www.ucbi.com.
