Mutual Federal Welcomes Eric LaPrad as Director of Healthcare Lending

SIDNEY, OHIO — July 21, 2025 — Mutual Federal, a division of First Bank Richmond, is pleased to announce the addition of Eric LaPrad as Director of Healthcare Lending. Based in Columbus, Mr. LaPrad brings nearly 20 years of specialized banking experience, with a strong track record in SBA lending focused on dental and medical professionals.

In his new role, Mr. LaPrad will help clients across the region navigate SBA financing options for the acquisition, development, and refinance of commercial real estate. His expertise supports Mutual Federal’s commitment to delivering personalized financial solutions to healthcare professionals and small businesses.

Mr. LaPrad began his banking career in 2004 after attending The Ohio State University, joining MBNA Practice Solutions. After the company was acquired by Bank of America, he spent over a decade in various leadership roles, including managing the Practice Finance Commercial Real Estate department, launching the Practice Banking division, and serving as a Regional Sales Manager for a multi-state territory. Under his leadership, the Mid-South region became one of the top-performing markets nationwide, with over 500 dental offices financed.

Following his tenure at Bank of America, Mr. LaPrad founded a financial consulting firm dedicated exclusively to the dental industry, providing tailored solutions for real estate financing, practice acquisitions, equipment loans, and working capital. His firm built a national referral network of over 50 SBA lenders before being successfully sold.

“I’m excited to join the Mutual Federal team and bring my passion for supporting healthcare professionals to a bank that values relationships and community impact,” said LaPrad. “Helping dentists and medical professionals achieve practice ownership and long-term growth has been the focus of my career, and I look forward to continuing that mission here in Columbus and beyond.”

Leadership at Mutual Federal shares LaPrad’s enthusiasm and recognizes the opportunity ahead.

“Eric’s consultative approach, industry depth, and proven track record make him a perfect fit for our team,” said Bill Daily, President Western Ohio. “His ability to build lasting relationships and deliver tailored SBA solutions is exactly the kind of experience we want to bring to our healthcare and small business clients across Ohio.”