Awards - Bank of the Year
The Regional Development Company (RDC) has named Centier as “Bank of the Year” for its efforts in community business lending. This is the seventh time that Centier has been named bank of the year in the past ten years. Centier produced $6,066,000.00 in small business loan debentures last year.
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.
“It is always rewarding to be recognized for the hard work we do as a bank, in providing credit and support to the businesses in our communities,” stated Darrell Jaggers, senior partner and manager of the lending division at Centier. “This helps refute the persistent headlines and concerns that ‘banks are not lending.’ This is also a great tribute to the lenders honored and especially their support teams.”
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. In addition, job creation is a defining part of the SBA 504 loan program.
Centier business bankers, Jack Esala and Paul Thiel were also honored as lenders of the year. Esala was named top producer and Thiel was top lender. Both lenders were recognized by the RDC’s Millionaires Club for producing loan debentures greater than $1 million dollars.