TRAVERSE CITY — Traverse City State Bank is among the state lenders recognized by the U.S. Small Business Administration for making business loans.
The bank was named Community Lender of the Year for approving 46 SBA loans for more than $13 million. TCSB also was ranked among the SBA's Top 10 2011 Lender of the Year rankings, placing seventh in the state.
"The program does work, and it is truly helping local businesses expand, diversify and grow their business," TCSB President and CEO Connie Deneweth said.
Other companies cited by the SBA include Huntington National Bank which received the SBA's Express Lender of the Year award for the third consecutive year, and Lender of the Year for the agency's 504 loan program.
Lake Michigan Financial is the Lender of the Year for the agency's Preferred Lender Program (PLP), while Capital Bancorp and Chemical Bank tied for the Business Development Lender of the Year award. Chase bank was named Diversity Lender of the Year for supporting new markets businesses owned by women, minorities and veterans.
Business
TC State Bank honored for small-business loans
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