An e-Newsletter published by FSC First

December 2015 Edition

You Should Know . . .
  • Message from our President
  • New Leadership at the Prince George’s County Council
  • County Executive Honored by The Governing Magazine
  • Accounting Clinic Launched
  • Recent Loan Activities
  • Holiday Closing
  • Testimonials
Message from the President & CEO

We are six months into our new fiscal year and so excited about our progress.  We’ve restructured the organization for increased efficiencies; renegotiated our loan pool commitments with the participating financial institutions; finalized our 6/30/15 fiscal year end audit; obtained grant dollars to enhance our clients’ capacity and launched a new technical assistance program, The Accounting Clinic.  We’re excited to share several successful loan closings and fundings as they represent the diversity of our borrowers.

The future looks bright as well.  But we look forward to spending quality time with family and friends as we reflect on all that we’ve accomplished and focus on achieving our potential in the New Year.


Shelly M. Gross-Wade

President & CEO

The Honorable Rushern L. Baker Prince George’s County Executive

The GOVERNING Magazine recently recognized Mr. Baker for his outstanding leadership in the recovery of Prince George’s County public administration.

We congratulate Mr. Baker on his outstanding accomplishments and leadership.

For additional details, click here

FSC First honored by SDDD

The Prince George’s County Supplier Development & Diversity Division (SDDD) honored Shelly M. Gross-Wade and Stew Smith at the “4th ANNUAL SUPPLIER DIVERSITY APPRECIATION NIGHT,” an awards reception celebrating supplier diversity and honoring those who have greatly contributed to the success and growth of our small, minority, disadvantaged and veteran-owned businesses. SDDD also recognized some of our most recent Prince George’s County certified companies and contract awardees. This event took place Tuesday, December 8, 2015 from 7:00 p.m. to 10:00 p.m. in the Sheppards Gallery at the College Park Marriott Hotel and Conference Center, at 3501 University Blvd., Hyattsville, Maryland. For more details click here.

Gross-Wade appointed to the Maryland Clean Energy Center (MCEC) Green Bank Steering Committee

In keeping with its mission to advance the adoption of clean energy and energy efficiency products, services and technologies along with related job creation; the MCEC is working to increase access to capital for project financing. A broader Green Bank development initiative is being undertaken as directed in SP 985 passed by the General Assembly in 2013, with partnership from the Coalition for Green Capital and the Maryland Energy Administration along with funding support from The Town Creek Foundation.

In accepting the invitation from I. Kathryn Magruder, Executive Director of the MCEC, to serve on the Green Bank Steering Committee, Gross-Wade and several other economic development and energy industry representatives convened to oversee the development process, which included the issuance of a study report including certain recommendations and action strategies delivered to members of the Maryland General Assembly by December 1, 2015.

Gross-Wade and members of the Steering Committee participated in the associated Green Bank Forum that was open for broad industry and public participation at an all-day forum on December 8, 2015.

The MCEC Green Bank Steering Committee was being led by MCEC board member, Anton Cohen, CPA with CohnReznick, a nationally recognized expert on energy financing.

For additional information, please visit

A Changing of the Gavel at the Prince George’s County Council

The FSC First Board of Directors and Staff congratulate the new leadership of the Prince George’s County Council and welcomes Councilman Derrick Davis (District 6) and Councilwoman Dannielle Glaros (District 3).

We commend former Chair, Councilman Mel Franklin (District 9) for his unwavering commitment to the residents of the County and in particular for his legislative leadership to enhance and support a competitive environment for our small and minority businesses to grow and thrive in.

We look forward to their continued leadership.

FSC First Recent Loan Activities

New Commitments
$2,935,000 issued in new loan commitments
$1,398,000 issued in SBA loan commitments
$4,333,000 Total Commitments

Closed and Funded
$5,050,000 in new EDI Fund loans to support 1,535 jobs
$895,000 in new SBA loans to support 52 jobs
$5,945,000 in Total Loans Closed & Funded, supporting 1,582 jobs

Our Mission

To provide access to capital for small and minority businesses.

Our direct loans are made possible through a public-private partnership between a consortium of lending institutions, the County and FSC First.

Jobs Corner

Commercial Loan Underwriter. This is a full-time staff position with competitive salary and fringe benefits. The successful candidate will possess at least 3-5 years of progressive underwriting skills and a demonstrated ability to conduct complex credit analysis on commercial real estate transactions, recent loan structures that include public financing from Federal, State and Local financing programs, including public incentives, tax credits, etc. For more information click here.


The best compliment you could give us is a qualified loan referral. For more details about our lending programs, please visit our website, and click on the PROGRAMS tab.


“I want to express my thanks and appreciation to both of you and your entire FSC team for the exemplary level of service extended to us. Your quality and quickness to help and assist every step of the way is very admirable and absolutely excellent. You were very sympathetic and always eager to help attitude has made our dreams come true. Everything was just about perfect. Our journey to FSC would not have been so smooth and easy without you. The services were beyond banking. Your team work spirit, warmness, personal and professional manner reflects the excellent culture of FSC.”

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1801 McCormick Drive, Suite 300
Largo, MD 20774

Office: (301) 883-6900
Fax: (301) 883-6160

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PLEASE NOTE: Our offices will be closed on Thursday, December 24th and Friday, December 25th – Christmas Eve and Christmas Day; as well as, Thursday, December 31st and Friday, January 2nd – New Year’s Eve and New Year’s Day. We will resume our normal working hours on Monday, January 4, 2016.


We wish our clients, borrowers, partners, and associates a very safe, healthy and peaceful Holiday Season.

Let there be PEACE on Earth!!