Contact our Trading Desk
(901) 261-5950


Hanover Securities is a new name in the industry but one of the most experienced teams of government guaranteed loan (GGL) secondary market trading professionals in the nation. Hanover Securities is a registered broker-dealer, FINRA and SIPC member, and one of the ten SBA-approved pool assemblers in the United States.  Hanover provides financial institutions with an experienced and cost-effective resource for building more profitable balance sheets by providing a broad range of products.  Pools with characteristics of high credit quality, low risk-weighting, and rate sensitivity are presented to astute SBA pool investors. An efficient and accurate Settlement Desk exceeds expectations by ensuring that trades are closed and funds are transferred quickly. Hanover’s proprietary investment tool empowers financial managers to evaluate bonds and analyze alternative financial strategies. We encourage you to check out our brokers here

The history of the firm lies with the history of its principals, who have devoted their lengthy careers to the niche, GGL secondary markets. Over the years, the team has expanded to include all of the skill sets vital to any GGL trading operation, including sales, trading, and operations staff – all specially focused on the guaranteed loan markets. Joel Banes and John Hanover have been friends since childhood. Their combined strengths make Hanover Securities as solid as their lifelong friendship.

Meet Joel Banes

Joel L. Banes

President & CEO
Joel Banes is a seasoned SBA professional in Memphis, Tennessee with over 25 years of industry experience specializing in the management of fixed income securities, specializing in the SBA 7(a) and USDA market. He launched broker-dealer Hanover Securities in 2016 with long-time friend and business associate, John Hanover of Los Angeles. He trades SBA, USDA and FSA loans, SBA 7a pools, SBA COOFs as well as MBS's and other traditional fixed income products.

He is also the Founder and CEO of Banes Capital Management, LLC, and served as Managing Director of SBA Pooling and Trading for Shay Financial Services, Inc. for a decade.

Joel has a B.S. from the University of Tennessee and studied at the Wharton School of Finance, University of Pennsylvania. Please contact me at 901-2615900 or by email at

Meet the Team

Kevin Bentley
Director of Compliance

Direct: 901-261-5975

Kevin Bentley brings over 25 years of experience in the financial field with the last 15 years concentrated in the securities industry. Prior to working with Hanover Securities, he was with Banes Capital Group as Director of Compliance and at Morgan Stanley Smith Barney as financial advisor and complex risk officer. Kevin began his career in accounting after obtaining his B.B.A. from the University of Memphis. Kevin obtained his M.B.A. in Finance from Christian Brothers University.

Back to Team

Jennifer Coltharp
Director of Lender Relations

Direct: 901-261-5961

In Jennifer Coltharp’s position as Director of Lender Relations at Hanover Securities, she brings over 10 years of varied experience in the financial industry. Jennifer began her career in compliance and branch administration at Raymond James/Morgan Keegan and moved to Banes Capital Group, where she assisted lenders with the government guaranteed portion of their SBA and USDA loan holdings. Jennifer is an active member of Junior League of Memphis.

Back to Team

Matt Monaco

Senior Vice President, Trading

Having spent over 15 years in the government guaranteed loan sector, Matt Monaco has been involved in loan settlements, pool securitizations, analytics, loan purchases, trading and sales. He has been instrumental in three start-up operations. His primary duty is trading.

Matt has a B.A. in Economics and Business Administration from Rhodes College and an M.B.A. from the University of Memphis.

Series 7, 63, 65


Back to Team

Hailey Atwill Layrock

Associate Trader

Hailey Layrock joined the SBA Trading Desk at Hanover Securities, where she performs analysis for the purchase and pooling of SBA loans. She has a bachelor’s degree in Finance from Christian Brothers University and an MBA from the University of Memphis; she also has over 8 years of experience in the financial industry. 

In her free time, Hailey enjoys spending time with her family, participating in outdoor activities. Hailey is the daughter of the late Mark Atwill, Managing Director of Fixed Income Trading at SunTrust Bank. 

BS, MBA, Series 7, 63


Back to Team

Denise Omar
Assistant Vice President

Direct: 901-261-5966

With over 20 years of experience in the financial industry, Denise Omar brings her diversified knowledge of business to Hanover Securities. Denise contributed at Clayton Brokerage, Morgan Stanley and Banes Capital Group in branch administration and management. Denise is a registered representative and assists in the fixed income sector.

Back to Team

Steven Shelton
Assistant Vice President, Sales

Direct: 901-261-5967

Steven Shelton joins Hanover Securities with experience in both management and sales. At Banes Capital, he specialized in assisting institutional clients in managing loan to deposit ratios through the purchase of SBA and USDA government guaranteed loans and pools. Steven holds a B.S. in Business Administration with a focus in Accounting and an M.B.A. from Christian Brothers University.

Back to Team

Denice Susen
Director of Operations

Direct: 901-261-5974

As Director of Operations at Hanover Securities, Denice Susen brings a diverse background in international and domestic banking. The experience provides her with a clear understanding of client needs and allows her to provide detailed operational support related to loan settlements. Denice is a graduate of the University of Washington with a degree in Political Science.

Back to Team

Brian Swanson
Director of IT

Direct: 901-261-5959

Brian Swanson has over 20 years of experience in the information technology industry. His responsibilities at Hanover Securities include platform design, programming, software and hardware decisions, troubleshooting and support. Prior to working with Hanover, he was at Banes Capital, responsible for heading up all IT initiatives. Brian has been an IT entrepreneur, was previously board member and President of GEEKMemphis, as well as Memphis Technology Foundation. He is also the co-founder of GiveCamp Memphis.

Back to Team