SBA honors United Bank for outstanding lending activityUnited Bank assistant vice presidents Tony Franco (left) and Dale Mazanec of the Commercial Lending Team, with a citation from the Small Business Administration (SBA) honoring the bank as Lender of the Quarter in Massachusetts. Lending activity during the first quarter of 2009 ranked United Bank as the 12th most-active lender in the state.
WEST SPRINGFIELD United Bank of West Springfield has been recognized as Lender of the Quarter in Massachusetts by the U.S. Small Business Administration (SBA). The award was presented to United Bank's Commercial Lending Team members Barbara-Jean DeLoria, senior vice president, and Dale Mazanec, assistant vice president, at a recent financial services conference in central Massachusetts.
Robert H. Nelson, SBA Massachusetts district director, made the presentation, adding his personal thanks for all United Bank does to support small business. "The SBA is extremely pleased to be able to recognize United Bank with the SBA Lender of the Quarter Award," said Nelson. "It is reassuring to see a community bank make such a concentrated effort to lend to the small business community during a time when many larger banks have become more cautious."
The Lender of the Quarter designation, awarded for the period ending March 31, 2009, acknowledges United Bank's continued outreach and support of local businesses, helping them to advance despite current economic conditions.
In making the award, the SBA noted that United's performance during the quarter ranked the bank as the 12th most-active lender in the state. United's Commercial Lending Team includes a dozen experienced professionals. The team's SBA lending activity increased significantly over the last quarter of 2008.
"United Bank's recognition by the SBA reinforces the message that we are a rock-solid institution with money to lend," said Richard B. Collins, president and CEO. "We are positioned to help jump-start our local economy, with both SBA and traditional business lending programs in place to accomplish that goal."
Established in 1882, United Bank is a federally chartered stock bank headquartered at 95 Elm St. in West Springfield. With 16 full-service branches and an express drive-through branch, United provides financial products and services to residents and businesses throughout Western Massachusetts. The bank also provides online banking services at bankatunited.com.
Through its Wealth Management Group, United Bank meets the needs of businesses and individual investors with personalized financial and estate planning services.