Colorado State Hosts Forum On Small Business Lending In Colorado
Wednesday, April 8, 1998
FORT COLLINS--A nationally known expert in small business
and small business lending, Margot Adam Langstaff, president of
Oyster Communications, will join Mark Driscoll, president of
First National Bank of Fort Collins, in a free public forum April
24 on small business lending in Colorado.
The forum, which begins at 3 p.m. in Room A-206 Clark
Building, is sponsored by Colorado State University's College of
Business and the departments of economics and finance and real
estate. Information will be provided on developments in both
bank and non-bank small business lending and should be of
interest to current small business owners and entrepreneurs.
The forum will feature a presentation by Colorado State's
Richard Johnson, associate professor of finance and real estate,
and Ronnie Phillips, professor of economics, on a forthcoming
study on trends in small business lending by commercial banks in
Colorado.
The study finds that in Colorado in recent years, small
business lending by both in-state and out-of-state, small- to
medium-size banking organizations grew much faster than lending
by large organizations.
Although in-state and out-of-state large banking
organizations have lost market share, recent innovations in
lending by large organizations may reverse the trend over the
next few years. Hence, the study found, small business lending
should remain competitive and small business owners can expect
good interest rates and service.
The study, done in collaboration with Richard Sullivan and
Kenneth Spong of the bank structure and supervision department at
the Federal Reserve Bank of Kansas City, will be published in the
next issue of the bank's publication, Financial Industry
Perspectives.
Langstaff was president and publisher of Financial Education
Publishers, Inc., a Colorado-based company specializing in the
development, marketing and distribution of financial education
materials for entrepreneurs and small business owners. She earned
a bachelor's degree from the University of Connecticut in 1982
and a Master of Business Administration from the Harvard Graduate
School of Business in 1991. She previously served on Governor Roy
Romer's Women's Economic Development Council and was an elected
delegate representing Colorado at the 1995 White House Conference
on Small Business.
Driscoll has extensive experience in commercial lending and
marketing bank services. He earned bachelor's and master's
degrees in business administration from Colorado State and is a
recognized leader in numerous service and community
organizations. He has received Colorado State's Outstanding
Alumni Award.
For more information about the forum, call Johnson at (970)
491-5564 or Phillips at (970) 491-6079.
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