FERNANDINA BEACH, Fla., Aug. 16, 2016 –
CBC National Bank, headquartered in Fernandina Beach and with branches in
Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal,
S.C., and with its mortgage banking division headquartered in Atlanta, today
announced that in June its mortgage division surpassed the $13 billion mark in
loan production.
CBC’s mortgage division
began operations in September 2007 utilizing a conservative, risk-averse
business model, originating primarily full-documentation, conforming mortgage
loans pre-sold into the secondary market. The division passed the $1 billion
mark in loan production in June 2009 and passed the $10 billion mark in June
2015. During the second quarter of 2016, the mortgage division continued to
achieve robust funding and profitability, with more than $551.7 million in
residential mortgage loans funded and $16.4 million in mortgage banking income
during the quarter.
In addition to
reaching the $13 billion loan production milestone, CBC’s mortgage division was
earlier named by the Atlanta Journal-Constitution one of the “Best Places to
Work – Atlanta” for the second consecutive year. For 2016 CBC ranked 54th out
of the 150 companies receiving this honor; in 2015 it ranked 63rd.
And CBC recently
learned that six of its mortgage bankers have been recognized individually as
among the Scotsman Guide’s Top Originators 2015 across categories including Top
VA Volume (ranking No. 13, 19, 46 and 58), Most Loans Closed (ranking No. 263)
and Top Dollar Volume (ranking No. 327).
“Our continued
growth and recognition is a testament to the quality of all of our associates during
our almost 9 years in business,” said Brynn Stensrud, executive vice president
and head of the mortgage division. “Our knowledgeable mortgage professionals continue
to share CBC’s overall passion and commitment to offering our customers the
best products and service available. We remain committed to the residential
markets in our home communities in Fernandina Beach, Ocala and The Villages, Beaufort
and Port Royal, and Atlanta, and we will continue to meet the purchase and
refinance needs of our customers while meeting their demands for great service
and products into the future. We likewise remain proud of the mortgage division’s
significant contributions to CBC National Bank’s earnings over the years.”
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, Ocala and
The Villages, Fla., and 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 Florida, Georgia, Maryland, Michigan, Indiana, Illinois and
Ohio. The company’s government guaranteed lending division originates SBA loans
primarily in Jacksonville, Ft. Myers, Tampa and Vero Beach, Fla., Greensboro, N.C.,
Atlanta and Beaufort. For more information, please visit CBC National Bank’s
website, www.cbcnationalbank.com.
