Since launching Colebrook Financial in January, 2003, the owners have grown the company steadily and profitably. We have established a loyal group of customers with whom we have maintained and expanded excellent relationships.

The four principals have similar backgrounds but complementary talents. Jim Bishop has a very strong financial and cash management focus, Bill Ryczek concentrates much of his effort on new business development, while Fred Dauch and Mark Raunikar both develop and administer business relationships.

The principals of Colebrook Financial have been lending to timeshare developers since the 1970's. We've worked for large institutions, and we've worked for community banks. We've financed small regional resorts, and we've financed some of the largest developers in the world. The principals of CFC have extensive experience in the timeshare finance industry. Bill Ryczek and Jim Bishop have been active in the industry since the late 1970s, while Fred Dauch and Mark Raunikar began their timeshare careers in the late 1980s.

After obtaining an MBA Degree from Penn State University, Bill began a career in the banking industry, and joined Barclays American Business Credit in 1979. Barclays was one of the first companies to make loans to the newly-developing timeshare industry, and Bill was one of the first in the country to specialize in timeshare lending. He was national marketing manager for the timeshare division when he left Barclays to join Liberty Bank as Vice President and Timeshare Manager in 1988. At the time he left Liberty in 2002, Bill was Chief Lending Officer, with responsibility for a $1.3 billion portfolio, consisting of residential mortgages, consumer loans, commercial mortgages and commercial loans, as well as the Bank’s $300 million timeshare portfolio. He is well-known throughout the industry and a frequent speaker at conventions on the topic of receivable financing.

Jim Bishop

Jim obtained a BS Degree in Accounting from the University of Connecticut and joined Barclays American Business Credit in 1979. He progressed from an administrative audit function to loan officer and assistant vice president when he left the company in 1987 to join Security Capital, another timeshare industry lender. In 1990, Jim was one of two founders of the Resort Finance Division of Textron Financial, now the largest lender in the timeshare industry. Later in 1990, Jim re-joined Bill Ryczek, with whom he worked at Barclays, as Timeshare Manager at Liberty Bank. When he left Liberty in 2002, he was Senior Vice President and Timeshare Manager, with responsibility for the $300 million timeshare portfolio.

Fred Dauch

Fred earned a B.A. Degree from Washington College in 1982, with a concentration in Economics. He has been employed by Household Finance, First Union Corporation, Bank of Hartford, and Liberty Bank. He was Senior Vice President, Manager of the Commercial Lending Department at Liberty. In addition to his knowledge of timeshare lending, in which he has been engaged since 1989, Fred has a strong background in direct and indirect consumer lending, and is CFC's principal resource in the analysis of consumer credit.

Mark Raunikar

Mark obtained a BS Degree in Mathematics from the University of Connecticut in 1987, and joined Liberty Bank as a Timeshare Loan Officer. He received a series of promotions and, when he left Liberty in 2002, was Vice President, Senior Timeshare Loan Officer and Secondary Market Manager for the Timeshare Department. He was responsible for structuring multi-bank syndications and managed relationships as large as $100 million.