William Mohnacs has been in the banking industry for over 17 years and is currently a Vice President of Commercial Lending at Parke Bank where he is responsible for guiding entrepreneurs, small business owners, startup companies and franchises with Small Business Administration (SBA) lending to get them off on the right foot and one step closer to success. William’s current and past experience expands beyond SBA lending. He works with law firms, industrial and retail distributors, manufacturers, medical offices, retail businesses, personal and business services and investment real estate lending. His skills include success in working with entrepreneurs to start, acquire and fund businesses, retail banking, commercial lending, commercial and consumer loan underwriting, and financial product sales. He believes in building strong, personalized customer relationships that community banks are known for.
Prior to joining Parke Bank, Mohnacs was Vice President of Commercial Lending at Customers Bank in Philadelphia. Also, Bill was the Vice President of Commercial and Government Guaranteed Lending at East River Bank in Philadelphia, PA where he was responsible for building and managing a commercial loan portfolio, while developing, directing and managing the SBA and Government Guaranteed Lending Department. Mohnacs successfully helped the bank obtain its SBA Preferred Lender Program (PLP) approval authority. His other banking experience includes positions as Commercial Lender at Nova Bank in Woodbury Heights, N.J., Roebling Bank in Westampton, N.J. and a Licensed Financial Specialist at Wachovia Bank (now Wells Fargo Bank) in Moorestown, N.J.
Mohnacs earned a B.S. in Management/Finance, as well as an M.B.A. in Marketing, both from St. Joseph’s University in Philadelphia, PA. He held Series 6 and 63 NASD/FINRA licenses, and is currently licensed by the State of New Jersey for Life and Health Insurance. He resides in Marlton, NJ and has been an active member of Angel Flight East which provides free private pilot flights for healthcare patients and SCORE Philadelphia. Also, he participates twice a year at the Veteran’s Entrepreneurial Jumpstart Program at Saint Joseph’s University where he speaks to entrepreneurs on obtaining bank and SBA financing. He also helps judge the venture pitch competition at the end of the program. Bill is also a certified SBA lender by the National Association of Government Guaranteed Lenders.