GREENVILLE, S.C., Oct. 23, 2013 (GLOBE NEWSWIRE) -- CertusBank, N.A. announced today that it is now the largest Small Business Administration (SBA) 7a lender by volume in South Carolina and is ranked #24 in the country. The bank originated 78 loans nationwide for a total of $121,838,600 during the SBA's fiscal year, which ended on September 30, 2013. This represents an 11% increase in total number of loans and a 25% increase in dollar volume as compared to 2012.
The bank opened their first South Carolina loan production office in March, funding $21.9 million in loans in the following six months, and has recently opened new offices in Texas and Georgia. In September, CertusBank was awarded national SBA Preferred Lender status, which allows the bank to streamline and expedite SBA loan approval, closing, and servicing functions through delegated authority to underwrite and approve loans on behalf of the SBA.
"This has been an exciting first year for our Small Business Finance division," said Angela Webb, President of CertusBank. "We are proud to have reached our goal of being number one in our home state of South Carolina and look forward to continuing to grow here and in other markets."
"Helping small business owners secure SBA financing in order to make their dreams a reality is our number one priority," said John Handmaker, Executive Vice President. "CertusBank is poised to continue its strong loan growth and we look forward to working with more small business owners in the months and years ahead."
About CertusBank, N.A.:
With nearly $2 billion in assets, CertusBank is a full-service, nationally chartered bank with operations in twelve states including Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, North Carolina, Ohio, South Carolina, Tennessee, Texas and Virginia. Headquartered in Greenville, SC, CertusBank offers a full range of Consumer, Commercial, SBA Lending, Treasury Management and financial planning solutions. With the acquisition of Quadrant Financial, Inc. in January 2013, CertusBank became a national leader in SBA 7a lending. Learn more about the company's commitment to bringing innovative, smart solutions to its customers' financial lives by visiting CertusBank.com.