Loan Review Committee

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, 2026 – December 31, 2026

Mr. Jerob Kegg, Senior Vice President/Chief Financial Officer, Hometown Bank of PA

Ms. Valerie Detwiler, VP Senior Business Banker, Reliance Bank

Mr. Michael J. Paulman, Senior Vice President & Head of Commercial Banking, First Summit Bank

Mr. Les Brilhart, Commercial Loan Officer, Somerset Trust Company

Ms. Michele Clapper, Vice President, JARI

Mr. Tom Seasoltz, Chief Financial Officer, ABCD Corp.

Ms. Jen Marsh, President, Bedford County Development Association

Ms. Debra Clark, Executive Director, Huntingdon County Business & Industry

 

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.

 

 

CONTACT

Ms. Tina Taylor
Director, Business Lending Services
Phone:  (814) 949-6517
Fax:  (814) 949-6505
ttaylor@sapdc.net

 

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