Andrew Zezas, SIOR interviews Tim Anglim, CFO
Financial executive and CFO, Tim Anglim, President of YesCFO and CPA Forensics is interviewed by Andrew Zezas, SIOR, President & CEO of Real Estate Strategies Corporation, a New Jersey based corporate real estate advisory and transaction services firm. Mr. Anglim discusses “an abyss in the credit markets”, talks about how the current economy has adversely impacted companies’ ability to secure bank financing. Tim discusses TARP and how banks increasing cash reserves and repaying government loans will contribute to economic slowdown. He claims that capital spending, especially discretionary spending, will rise over time depending on the industry. Mr. Anglim says the current economy has made it tougher to get to a “yes” with banks when negotiating bank agreements, and states that “companies must balance their own needs with those of their paying customers.” Tim says the “Holy grail in turnarounds is figuring out how to grow the company.”
James Hughes, President of Unity Bank, Discusses the Banking Industry on CFO Studio
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Shannon Corea
Shannon.Corea@RealStrat.com
732 868 0000 x117
James Hughes, President of Unity Bank, Discusses the Banking Industry on CFO Studio
(Somerset, New Jersey): Andrew Zezas, SIOR, the host of CFO Studio and CEO of Real Estate Strategies Corporation, announced today that James Hughes, CEO and President of Unity Bank appeared in an interview on CFO Studio. Mr. Hughes discussed community banks and the banking system.
Andrew Zezas said “CFO Studio is proud to have executives like Jim Hughes appear.” He added “Mr. Hughes is a highly respected New Jersey banking and finance executive. His leadership of Unity Bank and his knowledge of the banking industry are both exceptional.” James Hughes was quoted as saying “Community banks are critical to the future success of small business.” He continued “There have been many improvements with small business financing….increase in SBA 7A from $2 million to $5 million, improvements in the 504 lending….all things that are going to help jump start lending back into the communities.”
About Unity Bank
Unity Bank is a community-oriented commercial bank offering a variety of accounts, as well as a complete suite of business products and on-line services to its New Jersey and Pennsylvania communities. Unity Bank is headquartered in Clinton, New Jersey.
About CFO Studio
CFO Studio spotlights New Jersey area senior finance executives, providing them with the opportunity to share their knowledge and communicate their perspectives on current economic, financial, operational, and business issues. Visit www.CFOstudio.com.
Funding for CFO Studio is provided by Real Estate Strategies Corporation, providing corporate real estate advisory and transaction services to CFOs, Management, and corporate Boards in New Jersey and around the United States. Andrew Zezas, CEO of Real Estate Strategies Corporation, is the host and moderator of CFO Studio.
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James Hughes – Commercial Banking
Andrew Zezas interviews James Hughes on CFO Studio.
James Hughes, President & CEO of New Jersey based Unity Bank, discusses the current state of commercial banking.