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History of USDA.US.com

Mr. Chittenden founded USDA Capital Company in October of 2008 and remains its sole share holder. Mr Chittenden entered into the government loan market with his development of the first Internet competitive bid program for SBA and USDA loans. These guaranteed loans are often sold into the secondary market at competitive sell. AcuBids.Com led the industry until the market correction in late 2008. As the leading Internet competitive bid site AcuBids developed back office analytics similar to the model we are used today by USDA Capital Corporation to optimize its partner's investment return on U.S. government guaranteed loans.
Our number one goal is to first help lenders optimize profitability by paying the highest prices in the secondary market. We are able to maximize both lender and investor profits by eliminating the brokers who are intermediaries in this secondary market. While developing the competitive bid site our analytics broke down the methods used by these companies who have been doing this for decades. Our strategy is to assist originating bank and also provide the most aggressive pricing model to meet our investors hurdle return rates on a pool of guaranteed loans.
Dean Chittenden Background

Dean Chittenden
Areas of Expertise: Strategic Planning, Marketing, Asset-Liability management and Capital Asset Acquisition.
  • Experienced in financing for tribal projects including, tribal headquarters, travel plaza's, business enterprises and economic development.
  • Strong background in underwriting and marketing of bond debt for all areas of state and local government. Served as President of a regional investment banking firm.
  • Underwrote in excess of $250 Million annually of tax-exempt debt for a regional firm as the lead underwriter and placement officer.
  • Founded and led an equipment lease firm with over 300 completed lease projects including several hospital equipment lease purchase projects.
  • 28 years of experience in the investment banking industry.
  • Associates Degree in Banking and Finance
  • Graduate Certification in Banking and Finance from the American Institute of Banking.
  • Registered Financial Advisor with the Oklahoma Department of Securities.
  • Previously registered with the NASD as a General Securities Principal.
Mr. Chittenden, is a Partner, Managing Director and Senior Vice President of First Interstate Financial Services, Inc.
First Interstate has been involved in the development of a competitive bid platform for Federal state and local government debt. Mr. Chittenden has extensive experience in the areas Corporate Finance, Public Finance and Governmental Leasing. Mr. Chittenden is well known for his experience in Federal state and local government lease and bond syndication as well as internet technology.
From 1996 until 1999 Mr. Chittenden served as President of Alliance Securities, Inc. which is now BOSC, Inc, as subsidiary of Bank of Oklahoma. Prior to joining the bank he served as Executive Vice President and Director of two of Oklahoma's leading investment-banking firm, While in these capacities, he was responsible for overseeing and supervision of the Underwriting and Marketing Department which had sales in excess of $400,000,000 annually, while at Leo Oppenheim & Co., Inc., we were ranked in the top 25 municipal bond underwriters nationally. Mr. Chittenden also owned and operated First Interstate Leasing, Inc., a governmental leasing corporation located in Oklahoma City, Oklahoma.
Mr. Chittenden attended the University of Oklahoma and is a graduate of Oklahoma City Community College and the American Institute of Banking. Mr. Chittenden has served as President of the Oklahoma Municipal Bond Dealers Association and President of the Oklahoma Municipal Rating Committee. He is also a Member of the Association for Governmental Lease Financing.