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July 17 - United Community Bank Launches Not for Profit Financing

Category: Banking & Finance

Brunswick Business Journal Staff Report

July 17, 2018 - United Community Bank recently welcomed 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.

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