SAN DIEGO, Calif., May 30, 2012 (SEND2PRESS NEWSWIRE) — Bank of Southern California, a locally owned community business bank has been recognized as one of the top small business lenders in the greater San Diego area according to the U.S. Small Business Administration and Multifunding, a financial advisory provider.
Banking Grades, which is a grading tool from Multifunding that ranks every FDIC insured bank based on their commitment to small business lending, recently gave Bank of Southern California an A rating for the amount of loans the bank has made to small businesses. By contrast, many other banks in the area received much lower grades.
In addition to this recent commendation, Bank of Southern California has also been recognized as a top SBA lender in the San Diego area for several consecutive quarters according to ranking reports issued by the San Diego District office of the U.S. Small Business Administration.
“We know that local businesses are absolutely essential to our local economy,” says Nathan Rogge, CEO of Bank of Southern California. “We’ve always been focused on providing small businesses the access to the capital they need to help them grow and expand. It’s nice to be recognized which shows that we are meeting the needs of our community.”
About the Bank of Southern California:
Established in 2001, Bank of Southern California, N.A., a national bank with headquarters in San Diego, Calif., is locally owned and managed and committed to meeting the unique business, professional and personal banking needs of the vibrant Southern California communities it serves. With six offices in San Diego County and the Coachella Valley in Riverside County, Bank of Southern California remains one of the strongest, best-capitalized banks in the region, with a growing asset base and loan portfolio. For more information, visit http://www.banksocal.com or call (858) 847-4780.
News issued by: Bank of Southern California
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Original Story ID: 2012-05-0530-002 (7934) :: 2012-05-0530-002
Original Keywords: CEO Nathan Rogge, banking grades, US Small Business Administration, Multifunding, FDIC insured bank, top SBA lender in the San Diego area, small business lending, A rating Bank of Southern California San Diego California SAN DIEGO, Calif.
Alternate Headline: Multifunding ranks Bank of Southern California a Top Small Business Lender in San Diego
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News Source: Bank of Southern California NA