U.S. Small Business Administration Names CBC National Bank Among the 100 Most Active SBA Lenders of 2015

FERNANDINA BEACH, Fla., Oct. 27, 2015 – CBC National Bank, which operates branches in Fernandina Beach, Beaufort and Port Royal, S.C., today announced that the U.S. Small Business Administration (SBA) has named the bank’s Small Business Administration lending division among the 100 most active SBA 7(a) lenders of fiscal year 2015.

CBC National Bank was ranked No. 69 by lending volume by the SBA, with 48 loans during fiscal year 2015 totaling $57,860,500.

CBC National Bank’s Small Business Administration lending division originates SBA loans primarily in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C., and Beaufort. Earlier this month, the bank announced that it has hired Atlanta SBA industry veteran Joy Manbeck to expand its new Georgia SBA lending franchise.

“It is gratifying as a community bank to be ranked among the top 100 most active SBA lenders,” said Durand Childers, executive vice president and managing director of CBC’s SBA lending division. “We have built a very strong SBA lending franchise in Florida, where CBC National Bank has been the No. 1 SBA lender among community banks headquartered in the state for the past three years, and we’re looking to replicate that success in Georgia.”

“Across the states and major metropolitan areas in which we operate, we have a network of dedicated, highly skilled SBA lenders who will continue to serve the needs of the growing marketplace for SBA loans,” said Childers.

  

About CBC National Bank

CBC National Bank, headquartered in Fernandina Beach, Fla., provides a full range of consumer and business banking services through full-service banking offices in Fernandina Beach, Beaufort and Port Royal, S.C. The company’s residential mortgage banking division, headquartered in Atlanta, includes traditional retail and wholesale lending, as well as a National Retail Group that has lending offices in Arizona, Florida, Georgia, Maryland, Michigan, Indiana, Illinois and Ohio. The company’s Small Business Administration lending division originates SBA loans primarily in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C., and Beaufort. Parent company Coastal Banking Company Inc.’s common stock is publicly traded on the OTCQX Markets under the symbol CBCO.  For more information, please visit the company's website, www.cbcnationalbank.com.