Bill Burke, President, announced today that Paradise Bank had reached a significant milestone in its six year history by becoming the top SBA community bank lender in the state of Florida. “We are extremely proud to assist in the rebounding of our local business community with the financial support to spur economic growth” stated Burke. “This truly shows how community banks can really make a big positive impact,” he proudly added.
Paradise entered the SBA market one year ago with the addition of Kevin Rafferty, SVP, to the bank’s management team. “Kevin continues to be a primary driver of quality loan production in Broward and Palm Beach counties” added Ward Kellogg, Chairman. “Our emphasis continues to focus on the owner occupied type of real estate, and we provide the borrower with the full array of superior banking products” he added.
The loan volume figures released by the Small Business Administration for the fiscal year ending September 30, 2011 show that Paradise reached the number one production slot for community banks in the state for 7a loans. Paradise Bank was also shown overall first in Palm Beach County and second place in Broward, the combined primary market. Burke and Kellogg saluted the efforts of the entire Paradise Bank family in achieving this most significant production recognition.
Kevin Rafferty can be reached at 561-392-5444 to discuss SBA programs with potential borrowers.
Paradise Bank, with total assets of approximately $300 million, is a full service community bank offering an array of commercial banking and retail services with offices in Boca Raton, Delray Beach and Ft. Lauderdale, Fl.