Daily News: February 13, 2012

ACG NY Event: Credit is Available, Bankers Say

Read the newspapers and you’re likely to believe that banks are unwilling to provide business loans. Credit has dried up, the news stories seem to say. But at an ACG New York breakfast on Friday February 17, a panel of commercial banks wants to assure companies that, “Yes, Virginia, bank loans are available.”

That’s the title the panel of four commercial bankers, moderated by a credit intermediary, has chosen for its credit market update at the Tappan Hill Mansion in suburban Tarrytown, NY, a short train ride from New York City’s Grand Central Terminal. The panelists are Stephen Altneu, vice president of Capital One Business Credit; Barry Karen, first vice president of IDB Bank; John Mulvey, senior vice president of Wells Fargo Bank; and Oleh Szczupak, executive vice president and chief credit officer of Keltic Financial Services. The moderator will be Barry P. Korn, managing director of Barrett Capital Corporation.

The panelists will consider why business credit markets will ease