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5/12/2020 Small Business Lending Fund Provides More Than $4 Billion to 332 Community Banks Across the Nation U.S. DEPARTMENT OF THE TREASURY Press Center Small Business Lending Fund Provides More Than $4 Billion to 332 Community Banks Across the Nation 9/28/2011 WASHINGTON – Today, the U.S. Department of the Treasury announced that an additional 141 community banks across the country have received more than $1.6 billion as part of the seventh and final wave of funding provided through the Small Business Lending Fund (SBLF). This brings the total funding for the program to more than $4 billion going to 332 banks across the country. The SBLF, which was established as part of the Small Business Jobs Act that President Obama signed into law, encourages community banks to increase their lending to small businesses, helping those companies expand their operations and create new jobs. “Billions of dollars in SBLF funds are now being put to use in communities all across the nation, spurring small business growth and job creation,” said Deputy Secretary of the Treasury Neal S. Wolin. “This $4 billion investment, which will help propel lending by Main Street banks in many multiples of that amount, is good for our economy and good for America’s small businesses.” Small businesses play a critical role in the U.S. economy and are central to growth and job creation. Small businesses employ roughly one-half of all Americans and account for about 60 percent of gross job creation. But small business owners faced disproportionate challenges in the aftermath of the recession and credit crisis, including difficulty accessing capital. The SBLF helps small businesses meet this challenge by providing capital to community banks that hold under $10 billion in assets. The dividend rate a community bank pays on SBLF funding is reduced as that bank increases its lending to small businesses – providing a strong incentive for new lending to small businesses so they can expand and create jobs. For more details on the SBLF program, please visit, link and link. The SBLF is one part of the Obama Administration’s comprehensive agenda to help small businesses access the capital they need to invest and hire. The State Small Business Credit Initiative (SSBCI), which is also a key part of the Small Business Jobs Act, allocates $1.5 billion to new and existing state programs that will leverage private financing to spur $15 billion in new lending to small businesses and small manufacturers. The Obama Administration has also supported 17 direct tax breaks that provide tax relief of more than $50 billion for small businesses. These tax breaks were designed to support job creation and retention, entrepreneurship, investment, and growth. The Administration has also worked with Congress to extend and expand existing Small Business Administration loan programs that helped put more than $42 billion in the hands of small businesses and deliver other important benefits to help small businesses expand and hire. The 141 community banks that received $1.6 billion in SBLF funding as part of today’s announcement include: Southern National Corporation, (Andalusia, AL) -- $6.0 million Southern States Bancshares, Inc. (Anniston, AL) -- $7.5 million Western Alliance Bancorporation (Phoenix, AZ) -- $141.0 million OBDC Small Business Finance (Oakland, CA) -- $219,000 California Bank of Commerce (Lafayette, CA) -- $11.0 million FNB Bancorp (South San, CA) -- $12.6 million Security California Bancorp (Riverside, CA) -- $7.2 million First Northern Community Bancorp (Dixon, CA) -- $22.8 million Low Income Investment Fund (San Francisco, CA) -- $7.5 million Community Valley Bank (El Centro, CA) -- $2.4 million Opportunity Fund Northern California (San Jose, CA) -- $2.2 million Rural Community Assistance Corporation (West Sacramento, CA) -- $4.3 million The Bank of Santa Barbara (Santa Barbara, CA) -- $1.9 million California Coastal Rural Development Corporation (Salinas, CA) -- $870,000 Valley Economic Development Center, Inc. (Van Nuys, CA) -- $661,000 Partners Bank of California (Mission Viejo, CA) -- $2.5 million Promerica Bank (Los Angeles, CA) -- $3.8 million Capital Bank (San Juan Capistrano, CA) -- $3.1 million Bank of Commerce Holdings (Redding, CA) -- $20.0 million Columbine Capital Corp. (Buena Vista, CO) -- $6.1 million Colorado Enterprise Fund, Inc. (Denver, CO) -- $463,000 https://www.treasury.gov/press-center/press-releases/Pages/tg1315.aspx 1/3 5/12/2020 Small Business Lending Fund Provides More Than $4 Billion to 332 Community Banks Across the Nation Building Hope: A Charter School Facilities Fund (Washington, DC) -- $2.1 million Partners for the Common Good, Inc. (Washington, DC) -- $1.0 million Florida Community Bankshares, Inc. (Ocala, FL) -- $17 million Florida Business BancGroup, Inc. (Tampa, FL) -- $15.4 million Platinum Bank (Brandon, FL) -- $13.8 million Community Southern Bank (Lakeland, FL) -- $5.7 million FineMark Holdings, Inc. (Fort Myers, FL) -- $5.7 million Ovation Holdings, Inc. (Naples, FL) -- $5.0 million First Green Bank (Eustis, FL) -- $4.7 million Marquis Bank (North Miami Beach, FL) -- $3.5 million Appalachian Community Enterprises, Inc. (Cleveland, GA) -- $188,000 Heartland Financial USA, Inc. (Dubuque, IA) -- $81.7 million Commercial Financial Corp (Storm Lake, IA) -- $18.0 million Liberty Financial Services, Inc. (Sioux City, IA) -- $7.0 million D.L. Evans Bancorp (Burley, ID) -- $29.9 million QCR Holdings, Inc. (Moline, IL) -- $40.1 million Heartland Bancorp, Inc. (Bloomington, IL) -- $25 million United Community Bancorp, Inc. (Chatham, IL) -- $22.3 million Illinois State Bancorp, Inc. (Chicago, IL) -- $13.4 million Signature Bancorporation, Inc. (Chicago, IL) -- $12.5 million People First Bancshares, Inc. (Pana, IL) -- $9.2 million IFF (Chicago, IL) -- $8.3 million Fisher Bancorp, Inc. (Fisher, IL) -- $1.0 million First Merchants Corporation (Muncie, IN) -- $90.8 million Community Bank Shares of Indiana, Inc. (New Albany, IN) -- $28.0 million AMB Financial Corp. (Munster, IN) -- $3.9 million Brotherhood Bancshares, Inc. (Kansas City, KS) -- $16.0 million First Financial Bancshares, Inc. (Lawrence, KS) -- $3.9 million FCB Bancorp, Inc. (Louisville, KY) -- $9.8 million Federation of Appalachian Housing Enterprises, Inc. (Berea, KY) -- $2.1 million First Guaranty Bancshares, Inc. (Hammond, LA) -- $39.4 million Hyde Park Bancorp, Inc. (Hyde Park, MA) -- $18.7 million StonehamBank, A Co-operative Bank (Stoneham, MA) -- $13.8 million Boston Community Loan Fund, Inc. (Roxbury, MA) -- $4.4 million Common Capital, Inc. (Holyoke, MA) -- $200,000 Capital Link, Inc. (Boston, MA) -- $198,000 Tri-County Financial Corporation (Waldorf, MD) -- $20.0 million Howard Bancorp, Inc. (Ellicott City, MD) -- $12.6 million Enterprise Community Loan Fund, Inc. (Columbia, MD) -- $8.8 million Coastal Enterprises, Inc. (Wiscasset, ME) -- $2.3 million Valley Financial Group, Ltd. (Saginaw, MI) -- $2.0 million Heritage Bancshares Group, Inc. (Willmar, MN) -- $11.0 million Community Reinvestment Fund, Inc. (Minneapolis, MN) -- $5.1 million Midwest Minnesota Community Development Corporation (Detroit Lakes, MN) -- $4.6 million Platinum Bancorp, Inc. (Oakdale, MN) -- $4.5 million Nonprofits Assistance Fund (Minneapolis, MN) -- $686,000 Security State Bancshares, Inc. (Charleston, MO) -- $22 million Triad Bancorp, Inc. (Frontenac, MO) -- $5.0 million Fortune Financial Corporation (Arnold, MO) -- $3.3 million Montana Community Development Corporation (Missoula, MT) -- $585,000 Mountain BizCapital, Inc. (Asheville, NC) -- $197,000 Citizens South Banking Corporation (Gastonia, NC) -- $20.5 million Premara Financial, Inc. (Charlotte, NC) -- $6.2 million Union Bank & Trust Company (Oxford, NC) -- $6.2 million Providence Bank (Rocky Mount, NC) -- $4.3 million The State Bank of Bartley (Bartley, NE) -- $2.4 million Nebraska Enterprise Fund (Oakland, NE) -- $197,000 Northway Financial, Inc. (Berlin, NH) -- $23.6 million First Colebrook Bancorp, Inc. (Colebrook, NH) -- $8.6 million Guaranty Bancorp, Inc. (Woodsville, NH) -- $7.0 million Center Bancorp, Inc. (Union, NJ) -- $11.3 million Highlands Bancorp, Inc. (Vernon, NJ) -- $6.9 million Freedom Bank (Oradell, NJ) -- $4.0 million Harmony Bank (Jackson Township, NJ) -- $3.5 million Meadows Bank (Las Vegas, NV) -- $8.5 million Seneca-Cayuga Bancorp, Inc. (Seneca Falls, NY) -- $5.0 million Primary Care Development Corporation (New York, NY) -- $4.0 million Seedco Financial Services, Inc. (New York, NY) -- $2.5 million Leviticus 25:23 Alternative Fund, Inc. (Elmsford, NY) -- $750,000 Community Loan Fund of the Capital Region, Inc. (Albany, NY) -- $478,000 La Fuerza Unida Community Development Corporation (East Norwich, NY) -- $42,000 Indebancorp (Oak Harbor, OH) -- $2.0 million Economic and Community Development Institute, Inc. (Columbus, OH) -- $203,000 F & M Bancorporation, Inc. (Tulsa, OK) -- $38.2 million Central Service Corporation (Enid, OK) -- $7.0 million AmeriBank Holding Company (Collinsville, OK) -- $5.3 million Citizen Potawatomi Community Development Corporation (Shawnee, OK) -- $490,000 https://www.treasury.gov/press-center/press-releases/Pages/tg1315.aspx 2/3 5/12/2020 Small Business Lending Fund Provides More Than $4 Billion to 332 Community Banks Across the Nation The Reinvestment Fund, Inc. (Philadelphia, PA) -- $11.7 million First Resource Bank (Exton, PA) -- $5.1 million The Victory Bancorp, Inc. (Limerick, PA) -- $3.4 million Bridgeway Capital, Inc. (Pittsburgh, PA) -- $1.8 million The Progress Fund (Greensburg, PA) -- $1.1 million Community First Fund (Lancaster, PA) -- $862,000 Northside Community Development Fund (Pittsburgh, PA) -- $250,000 Charleston Citywide Local Development Corporation (Charleston, SC) -- $1 million Lowcountry Housing Trust, Incorporated (North Charleston, SC) -- $392,000 Rural Electric Economic Development, Inc. (Madison, SD) -- $1.2 million Northeast South Dakota Economic Corporation (Sisseton, SD) -- $1.0 million South Eastern Development Foundation (Sioux Falls, SD) -- $240,000 Avenue Financial Holdings, Inc. (Nashville, TN) -- $19.0 million Moneytree Corporation (Lenoir City, TN) -- $10.0 million Landmark Community Bank (Collierville, TN) -- $8.0 million InsCorp, Inc. (Nashville, TN) -- $3.0 million Franklin Financial Network, Inc. (Franklin, TN) -- $10.0 million Sumner Bank & Trust (Gallatin, TN) -- $4.3 million First Texas BHC, Inc. (Fort Worth, TX) -- $29.8 million Sovereign Bancshares, Inc. (Dallas, TX) -- $24.5 million Steele Holdings, Inc. (Tyler, TX) -- $8.3 million Frontier Bancshares, Inc. (Austin, TX) -- $6.2 million Liberty Capital Bancshares, Inc. (Addison, TX) -- $1.5 million Algodon de Calidad Bancshares, Inc. (Abilene, TX) -- $600,000 PeopleFund (Austin, TX) -- $500,000 CEN-TEX Certified Development Corporation (Austin, TX) -- $489,000 Encore Bancshares, Inc. (Houston, TX) $32.9 million PlainsCapital Corporation (Dallas, TX) -- $114.1 million Continental Bancorporation (Salt Lake City, UT) -- $4.7 million TowneBank (Suffolk, VA) -- $76.5 million Xenith Bankshares, Inc. (Richmond, VA) -- $8.4 million NCB Capital Impact (Arlington, VA) -- $8.2 million United Financial Banking Companies, Inc. (Vienna, VA) -- $3 million ECDC Enterprise Development Group (Arlington, VA) -- $320,000 Vermont Community Loan Fund, Inc. (Montpelier, VT) -- $1.2 million W.T.B. Financial Corporation (Spokane, WA) -- $89.1 million ShoreBank Enterprise Group, Pacific (Ilwaco, WA) -- $1.9 million Sword Financial Corporation (Horicon, WI) -- $17 million First Menasha Bancshares, Inc. (Neenah, WI) -- $10 million Forward Community Investments, Inc. (Madison, WI) -- $470,000 Wisconsin Women’s Business Initiative Corporation (Milwaukee, WI) -- $391,000 Impact Seven, Incorporated (Almena, WI) -- $4.0 million https://www.treasury.gov/press-center/press-releases/Pages/tg1315.aspx 3/3
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