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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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