Tuesday, March 27, 2012
LNB RANKS 3RD PLACE FOR SBA LENDING PROGRAMS
The Lyons National Bank (LNB) received the bronze award from the U.S. Small Business Administration Buffalo district office for closing more than $1 million in SBA loans during the fiscal year. LNB ranked third in dollars among SBA lenders with $4.3 million through 19 7(a) loans. In addition, LNB closed more regular (non-PLP) 7(a) loans than any bank in the Rochester region.
According to the Rochester Business Journal, the dollar value of local 7(a) loans backed by the SBA in 2010-11 jumped 33 percent, following a 41 percent rise last year.
LNB is a $575 million independent, community bank with eleven branch offices located throughout Wayne, Onondaga, Ontario, Seneca and Yates Counties. LNB has a long-standing tradition of excellence, dating back to 1852. As its mission, LNB safely and profitably serves all of its customers and communities with unmatched professional service. LNB offers an extensive variety of products within the personal and business banking realms, including direct deposit, online banking, Cash Manager, Remote Deposit Capture and much more. LNB also provides financial services, including investments and insurance. For a complete listing of products and services, as well as branch locations, please visit BankwithLNB.com.
Contact: Ashley Sindoni
Office: 399 Exchange Street Geneva, NY 14456
Phone: (315) 781-5011
Download this article as a PDF