The Regional Development Company recently held its annual awards ceremony and has named Centier Bank "Bank of the Year" in 2017 for its efforts in community lending. Centier Bank was awarded the Most Active Bank Partner with eight loans and $5,137,000 in referral dollars. Additionally, Centier's Greg Gordon was presented with a "Most Active Lender" award for referring $3,670,000 in debenture dollars.
The Regional Development Company is a certified development company that specializes in the 504 SBA Loan program, primarily in Northwest Indiana. Locally, the Regional Development Company administers the SBA 504 loan program and works with banks to identify potential SBA 504 borrowers.
As the area’s leading bank in commercial real estate lending, Centier offers the 504 SBA Loan program as an instrument to help local communities grow and develop economically. The program provides small companies with long-term fixed-rate financing for expansion, modernization, and for land and large equipment purchases.
"The Lender of the Year award is really a bi-product of the team award. A typical 504 loan has multiple touch points with numerous Bank departments and functions. At each point in the process there is a 'value add' provided. Although the Loan Officer is the client’s direct connection to the Bank, there are many associates who interface indirectly with the borrower from application to close," explained Gordon. "Being a local community bank that facilitates the entire process - in conjunction with the Regional Development Company - we are able to provide a hands-on, seamless transaction.”
For more information about Centier’s business banking services, or to contact a community business banker, visit Centier’s website at www.centier.com.
About Centier Bank
Currently, Centier Bank services 57 retail banking locations in more than 30 Indiana communities. With more than $3.8 billion in assets, Centier Bank has maintained a long-standing tradition of being owned and operated by the Schrage family.