Neighbor News
Primary Bank Receives SBA Award
The U.S. Small Business Administration presented a 2018 Emerging Lender Award to Primary Bank
Shown Above: Bill Stone, President & CEO, Joseph Bator, EVP/Senior Lender and Scott Kingsley, VP, Commercial Loan Officer accept the award from Wendell Davis, regional administrator (left) and Greta Johansson, District Director, Small Business Administration New Hampshire.
Primary Bank was presented with the 2018 Emerging Lender Award at the Small Business Administration’s (SBA) Annual Meeting held at the Manchester Country Club. This recognition was awarded for the volume of loans processed under the 7A guarantee program in the SBA’s fiscal year ending September 30th. Primary Bank attained this recognition for closing 30 loans for a total dollar amount of $9.8 million during the fiscal year. The SBA named Primary Bank their fastest growing lender and most recent addition to their list of Preferred lenders.
"We are extremely proud of achieving this recognition after just three years of operations," said Bill Stone, President & CEO of Primary Bank. "Being locally owned and operated, all decisions are made locally so we can use innovative and creative thinking to solve the financial needs for our clients. As an approved SBA lender, Primary Bank is excited to work with local businesses in New Hampshire to help them achieve success."
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Greta Johansson, district director of the SBA Office in New Hampshire, stated "We are extremely grateful to have such supportive lending partners in New Hampshire. Our participation was up 13% this year with activity from 77 different lending partners. We thank them for not only using our loan products to get increased capital to small businesses in New Hampshire but also for supporting our office and partners in our other activities throughout the year."
About Primary Bank: Primary Bank, opened in 2015, is New Hampshire’s newest state-chartered, FDIC-insured bank. The locally owned and operated community bank is known for their pursuit of keeping local dollars local. Primary Bank is a commercial lending institution for small to medium sized businesses throughout Southern NH. For more information visit www.primarybanknh.com.
