Contact our Trading Desk
(901) 261-5950

History

Hanover Securities is 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 twelve 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. Matt Monaco and Joel Banes have been associates for twenty years. Their combined strengths make Hanover Securities as solid as their long-term friendship.

Broker Check

Meet Matt Monaco

Matthew Monaco

President & CEO
mmonaco@hanover-securities.com
Direct:
901.261.5952
Fax:
901.261.5999

Having spent 25 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.

Monaco was promoted to the President/CEO in March 2019. Generally, the first to arrive each morning and flip on the lights, Monaco is known for his analytical abilities and attention to detail. The care he takes to diversify an SBA pool results in a better investment for clients. Monaco's discipline and leadership set the tone for the entire organization.

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

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Meet the Team

Jennifer Coltharp

Director of Lender Relations
jcoltharp@hanover-securities.com
Direct:
901.261.5961
Fax:
901.261.5999

As Director of Lender Relations at Hanover Securities, Coltharp brings over 10 years of varied experience in the financial industry. She 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.

 
 

Joel Banes

Senior Vice President, Sales
jbanes@hanover-securities.com
Direct:
901.261.5951
Fax:
901.261.5999

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 is 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.

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.

Joel has a B.S. from the University of Tennessee and studied at the Wharton School of Finance, University of Pennsylvania.

 

Hailey Atwill Layrock

Vice President, Trading
hlayrock@hanover-securities.com
Direct:
901.261.5971
Fax:
901.261.5999

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. 

Hailey is the daughter of the late Mark Atwill, Managing Director of Fixed Income Trading at SunTrust Bank. 

BS, MBA, Series 7, 63

 

 

Kevin Bentley

Director of Compliance
kbentley@hanover-securities.com
Direct:
901.261.5975
Fax:
901.261.5999

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.

 
 

 

 

Denice Susen

Director of Operations
dsusen@hanover-securities.com
Direct:
901.261.5974
Fax:
901.261.5999

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.

 
 

 

 

 

Donna Reed

Settlement Specialist
dreed@hanover-securities.com
Direct:
901.261.5972
Fax:
901.261.5999

Donna Reed has 25 years of experience in office administration and management. She is a dedicated Settlement Specialist with an eye for detail. Donna handles purchasing, accounts receivable and accounts payable. She is an integral part of making working with Banes Capital Group and Hanover Securities efficient, effective, and a pleasant business experience.

BA Accounting

 

 

 
 

Steven Shelton

First Vice President of Sales
sshelton@hanover-securities.com
Direct:
901.261.5967
Fax:
901.261.5999

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. 

B.S. in Business Administration with a focus in Accounting; MBA from Christian Brothers University

Series 63, 7

 
 

 

Casey Goodwin

First Vice President of Sales
cgoodwin@hanover-securities.com
Direct:
901.261.5980
Fax:
901.261.5999

Casey Goodwin joined the firm in 2018 and has shown a keen ability for helping banks and credit unions optimize portfolio yield with SBA and USDA government guaranteed loans. He has shown a distinct ability to consilt with banks and credit unions on ways to improve their portfolio.

 

A graduate of Christian Brothers University, Casey has a BS in Business Administration. He had a head start in the industry because of positive role models within his family and an industry internship. Casey lives in Memphis and coaches youth football and basketball at Christ Methodist Church. As a retired first baseman at CBU, he keeps his skills sharp playing competitive softball. Hanover Securities is happy to have this member of Gen Z on our staff. 

 

B.S. in Business Administration with a focus in Accounting; MBA from Christian Brothers University

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Denise Omar

Assistant Vice President of Human Resources
domarhanover-securities.com
Direct:
901.261.5966
Fax:
901.261.5999

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.

 

 

Brian Swanson

Chief Operating Officer
bswanson@hanover-securities.com
Direct:
901.261.5959
Fax:
901.261.5999
Brian Swanson was named Chief Operating Officer in 2020. He has twenty years of experience in information technology and administration. Swanson oversees the Company's business operations and reports to CEO, Mathew Monaco. Swanson ensures the Company has effective operational and financial procedures in place. In addition, Swanson's responsibilities include platform design, programming management, software and hardware decisions, troubleshooting and heading up all IT initiatives. Swanson was co-founder and previous board member of Memphis Technology Foundation. He is the co-founder and Steering Committee Chair of GiveCamp Memphis.



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