Pub. 2 2014 Issue 2

spring 2014 13  Bank Kudos — continued on page 14 Bank Kudos Bank of American Fork Named Most Active Mid-sized SBA Lender Utah’s Community Bank Leader Sees Small Business Lend- ing as Key to Economic Growth Bank of American Fork has been selected by the U.S. Small Business Administration as the most active medium-sized lender (between $200 million and $1 billion in assets) in the Utah District Office 504 Third Party lending category for Fiscal Year 2013. In Fiscal Year 2013 (Oc- tober 1, 2012 – September 30, 2013) Bank of American Fork made SBA 504 loans totaling $7,834,840. The recognition was presented by Stanley Nakano, district director, U.S. Small Business Association, Utah District Office, to Bank of American Fork. Richard Gray, senior vice president of SBA lending, accepted the award on behalf of the bank. “One of the most vital functions community banks serve is helping small businesses grow and thrive,” said Gray. “As an organization deeply invested in the neighborhoods where we live, work and raise our families, Bank of American Fork is proud to partner with local companies to strengthen the finan- cial vibrancy of our communities and the state.” The bank has now grown to more than $1 billion in assets and, according to FDIC reports, is the largest community bank in Utah. n Celtic Bank Named Utah’s Largest SBA 7(a) Lender for Fiscal Period Ending February 28, 2014 Celtic Bank was named the largest SBA 7(a) lender in Utah for the fiscal period beginning October 1, 2013 through February 28, 2014 by the SBA Utah District Office. Celtic Bank ap- proved $15.6 million in gross SBA loans during the 5-month period. In January 2014, Celtic Bank was recognized by the U.S. Small Business Administration as the most active 7(a) medium-sized lender (assets of $200 million to $1 billion) in Utah for FY2013. “Utah is well-known for being one of the best states in the nation for small businesses. The pro-business climate in Utah combined with a strong economy and talented workforce makes Utah a breeding ground for entrepreneurship and innovation. Celtic Bank is proud to be a member of the Utah business community and to finance the growth of Utah’s small businesses,” said Craig Calafati, Executive Vice President of Business Development at Celtic Bank. n David L. Brown, First Utah Bank, Announces His Retirement David L. Brown has announced his retirement after 45 years in banking, the last 15 of which have been served as President & CEO of First Utah Bank. Mr. Brown will remain on the Bank’s Board of Directors upon his retirement from day to day functions. An Open House was held in Mr. Brown’s honor on February 25th at Red Butte Gardens. n Eleven Greater Salt Lake Nonprofit Groups Awarded U.S Bank Foundation Grants U.S. Bank, through the U.S. Bank Foundation, is awarding more than $40,000 in grants to 11 nonprofit organizations in the Greater Salt Lake. The grants are being awarded for orga- nizations that support arts and culture, economic opportunity and education in the Greater Salt Lake community. “These organizations improve the quality of life for their cli- ents and the community at large,” said Damon Miller, presi- dent of U.S. Bank in Utah. “The U.S. Bank team is honored to help support them and their programs the make our communi- ty a better place to live.” Artistic and cultural enrichment grants are awarded to organi- zations and programs that build audiences for the arts, espe- cially among underserved populations, bring select and limited civic amenities to underserved, rural communities or promote the arts in education.