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Treasury Notes

 Small Business Lending Successes

By: Don Graves
1/10/2012

Yesterday, Treasury sent a report to Congress that contains strong evidence that the Small Business Lending Fund (SBLF) is working. The report shows that institutions participating in the Small Business Lending Fund have significantly increased lending to small businesses, to the tune of $3.5 billion over their baseline (the average lending reported in the four quarters before the Small Business Jobs Act, which created the SBLF, was enacted). These loans are helping small businesses to grow, create jobs and support families in communities all across the nation.

Lending through the program is widespread. To date, 218 of the 281 participating community banks, or 78 percent, and 41 of the 51 participating community development loan funds (CDLFs), or 80 percent, have increased their small business lending. And a substantial majority of SBLF participants — more than 60 percent— have now increased their small business lending by 10 percent or more. In dollars, community bank participants increased their small business lending by $3.4 billion and CDLFs increased their small business lending by $86.8 million.

The report also shows that lending through the program is widely distributed across the country – banks and CDLFs in 44 states (including Washington, DC) reported increased lending. These increases have a huge impact in their communities where small businesses have more access to lending.

This Administration knows that small businesses play a critical role in the U.S. economy and are central to creating jobs and restoring our economic prosperity. This report on SBLF is encouraging, and we look forward to even stronger reports in the future.  

Banks and CDLFs that increased their small business lending as of 9/30/11 

Institution   
Name City  State  % Change over Baseline
BancIndependent, Incorporated Sheffield AL 11.0%
ServisFirst Bancshares, Inc. Birmingham AL 36.2%
SouthCity Bank Vestavia Hills AL 20.9%
Southern National Corporation Andalusia AL 13.5%
Southern States Bancshares, Inc. Anniston AL 49.8%
Rock Bancshares, Inc. Little Rock AR 45.1%
Western Alliance Bancorporation Phoenix AZ 1.1%
1st Enterprise Bank Los Angeles CA 81.0%
Bank of Commerce Holdings Redding CA 6.4%
California Bank of Commerce Lafayette CA 61.6%
Capital Bank San Juan Capistrano CA 89.1%
Community Valley Bank El Centro CA 105.6%
Founders Bancorp San Luis Obispo CA 9.9%
GBC Holdings, Inc. Los Angeles CA 2.9%
OBDC Small Business Finance Oakland CA 86.5%
Opportunity Fund Northern California San Jose CA 20.8%
Partners Bank of California Mission Viejo CA 21.7%
Promerica Bank Los Angeles CA 40.9%
Redwood Capital Bancorp Eureka CA 14.5%
Rural Community Assistance Corporation West Sacramento CA 18.8%
Seacoast Commerce Bank Chula Vista CA 12.4%
Security Business Bancorp San Diego CA 28.8%
Security California Bancorp Riverside CA 20.9%
The Bank of Santa Barbara Santa Barbara CA 85.2%
The Private Bank of California Los Angeles CA 65.2%
Valley Economic Development Center, Inc. Van Nuys CA 64.1%
CIC Bancshares, Inc. Greenwood Village CO 432.6%
Colorado Enterprise Fund, Inc. Denver CO 29.1%
Columbine Capital Corp. Buena Vista CO 55.6%
Morgan Capital Corporation Fort Morgan CO 30.7%
Steele Street Bank Corporation Denver CO 27.1%
Verus Acquisition Group, Inc. Fort Collins CO 40.2%
BNC Financial Group, Inc. New Canaan CT 203.3%
Greater New Haven Community Loan Fund New Haven CT 3.7%
Salisbury Bancorp, Inc. Lakeville CT 14.7%
SBT Bancorp, Inc. Simsbury CT 14.7%
Partners for the Common Good, Inc. Washington DC 10.6%
Community Bank Delaware Lewes DE 18.6%
Bank of Central Florida Lakeland FL 22.2%
Broward Financial Holdings, Inc. Fort Lauderdale FL 72.0%
Community Southern Bank Lakeland FL 40.9%
FineMark Holdings, Inc. Fort Myers FL 75.2%
First Green Bank Eustis FL 109.2%
Florida Business BancGroup, Inc. Tampa FL 16.5%
Florida Shores Bancorp, Inc. Pompano Beach FL 21.4%
Florida Traditions Bank Dade City FL 71.7%
Jefferson Bank of Florida Oldsmar FL 59.0%
Marquis Bank Coral Gables FL 131.9%
Ovation Holdings, Inc. Naples FL 10.3%
Appalachian Community Enterprises, Inc. Cleveland GA 39.3%
Lowndes Bancshares, Inc. Valdosta GA 21.9%
Resurgens Bancorp Atlanta GA 57.5%
The Peoples Bank of Talbotton Talbotton GA 13.3%
Commercial Financial Corp Storm Lake IA 1.5%
Heartland Financial USA, Inc. Dubuque IA 0.8%
Liberty Financial Services, Inc. Sioux City IA 18.6%
Two Rivers Financial Group, Inc. Burlington IA 13.5%
Bancorp Financial, Inc. Oak Brook IL 6.6%
Community First Bancorp, Inc. Fairview Heights IL 20.6%
Community Illinois Corporation Rock Falls IL 10.6%
First Bankers Trustshares, Inc. Quincy IL 22.9%
First Community Financial Corporation Elgin IL 10.3%
First Eldorado Bancshares, Inc. Eldorado IL 5.6%
First Robinson Financial Corporation Robinson IL 30.5%
Heartland Bancorp, Inc. Bloomington IL 2.5%
IFF Chicago IL 12.4%
Illinois State Bancorp, Inc. Chicago IL 4.3%
Merchants and Manufacturers Bank Corporation Joliet IL 11.5%
People First Bancshares, Inc. Pana IL 12.4%
Prime Banc Corp. Dieterich IL 8.5%
Signature Bancorporation, Inc. Chicago IL 13.8%
Southern Illinois Bancorp, Inc. Carmi IL 18.5%
Town and Country Financial Corporation Springfield IL 5.4%
Tri-County Financial Group, Inc. Mendota IL 11.7%
United Community Bancorp, Inc. Chatham IL 9.1%
AMB Financial Corp. Munster IN 1.8%
Community Bank Shares of Indiana, Inc. New Albany IN 9.0%
First Savings Financial Group, Inc. Clarksville IN 51.5%
Horizon Bancorp Michigan City IN 6.5%
Bern Bancshares, Inc. Bern KS 5.9%
CB Bancshares Corp. Weir KS 36.8%
Equity Bancshares, Inc. Wichita KS 12.4%
Farmers State Bankshares, Inc. Holton KS 2.5%
First Financial Bancshares, Inc. Lawrence KS 4.0%
Freedom Bancshares, Inc. Overland Park KS 13.4%
Osborne Investments, Inc. Osborne KS 50.2%
UBT Bancshares, Inc. Marysville KS 20.4%
Community Ventures Corporation Lexington KY 23.1%
Federation of Appalachian Housing Enterprises, Inc. Berea KY 116.8%
Magnolia Bancshares Inc. Hodgenville KY 2.6%
Community Trust Financial Corporation Ruston LA 36.1%
First Guaranty Bancshares, Inc. Hammond LA 0.5%
First NBC Bank Holding Company New Orleans LA 16.8%
MidSouth Bancorp, Inc. LaFayette LA 0.2%
Ouachita Bancshares Corp. Monroe LA 7.0%
Boston Community Loan Fund, Inc. Roxbury MA 77.7%
Capital Link, Inc. Boston MA 79.6%
Hyde Park Bancorp, Inc. Hyde Park MA 189.1%
Island Bancorp, Inc. Edgartown MA 32.7%
Leader Bancorp, Inc. Arlington MA 26.7%
Mercantile Capital Corporation Boston MA 24.5%
New England Bancorp, Inc. Hyannis MA 38.7%
Provident Bancorp, Inc. Amesbury MA 15.9%
StonehamBank, A Co-operative Bank Stoneham MA 46.8%
Eagle Bancorp, Inc. Bethesda MD 40.4%
Enterprise Community Loan Fund, Inc. Columbia MD 42.0%
Monument Bank Bethesda MD 26.6%
Tri-County Financial Corporation Waldorf MD 14.0%
Katahdin Bankshares Corp. Houlton ME 12.8%
Birmingham Bloomfield Bancshares, Inc. Birmingham MI 14.6%
Crestmark Bancorp, Inc. Troy MI 61.0%
Huron Valley State Bank Milford MI 32.0%
Level One Bancorp, Inc. Farmington Hills MI 31.6%
Valley Financial Group, Ltd. Saginaw MI 18.5%
Financial Services of Winger, Inc. Fosston MN 16.3%
Kerkhoven Bancshares, Inc Kerkhoven MN 11.7%
MidWest Bancorporation, Inc. Eden Prairie MN 14.0%
Midwest Minnesota Community Development Corporation Detroit Lakes MN 60.5%
Nonprofits Assistance Fund Minneapolis MN 21.7%
Platinum Bancorp, Inc. Oakdale MN 7.4%
Redwood Financial, Inc. Redwood Falls MN 6.5%
Cardinal Bancorp II, Inc. Washington MO 10.6%
Great Southern Bancorp, Inc. Springfield MO 38.7%
Liberty Bancorp, Inc. Liberty MO 0.1%
Security State Bancshares, Inc. Charleston MO 15.8%
Southern Missouri Bancorp, Inc. Poplar Bluff MO 16.2%
Triad Bancorp, Inc. Frontenac MO 28.8%
Bancorp of Montana Holding Company Missoula MT 50.3%
Montana Community Development Corporation Missoula MT 17.9%
Citizens South Banking Corporation Gastonia NC 9.2%
First Bancorp Troy NC 2.7%
Live Oak Bancshares, Inc. Wilmington NC 84.2%
Mountain BizCapital, Inc. Asheville NC 13.8%
Providence Bank Rocky Mount NC 20.7%
Select Bancorp, Inc. Greenville NC 50.3%
Union Bank & Trust Company Oxford NC 16.3%
Alerus Financial Corporation Grand Forks ND 15.1%
Western State Agency, Inc. Devils Lake ND 16.1%
Adbanc, Inc. Ogallala NE 8.4%
Banner County Ban Corporation Harrisburg NE 26.1%
Nebraska Enterprise Fund Oakland NE 95.3%
The State Bank of Bartley Bartley NE 1.7%
Wilber Co. Lincoln NE 10.0%
Centrix Bank & Trust Bedford NH 17.3%
First Colebrook Bancorp, Inc. Colebrook NH 5.1%
New Hampshire Thrift Bancshares, Inc. Newport NH 1.0%
Northway Financial, Inc. Berlin NH 15.1%
The Nashua Bank Nashua NH 31.9%
Freedom Bank Oradell NJ 42.5%
Harmony Bank Jackson Township NJ 138.3%
Highlands Bancorp, Inc. Vernon NJ 51.3%
Hopewell Valley Community Bank Pennington NJ 13.2%
Regal Bank Livingston NJ 32.2%
Stewardship Financial Corporation Midland Park NJ 9.9%
Meadows Bank Las Vegas NV 80.3%
Alma Bank Astoria NY 156.2%
Catskill Hudson Bancorp, Inc. Rock Hill NY 22.0%
Community Loan Fund of the Capital Region, Inc. Albany NY 6.7%
Greater Rochester Bancorp, Inc. Rochester NY 29.2%
Kinderhook Bank Corp. Kinderhook NY 18.6%
La Fuerza Unida Community Development Corporation East Norwich NY 311.6%
Leviticus 25:23 Alternative Fund, Inc. Elmsford NY 28.9%
Pathfinder Bancorp, Inc. Oswego NY 7.3%
Seedco Financial Services, Inc. New York NY 25.9%
Seneca-Cayuga Bancorp, Inc. Seneca Falls NY 78.4%
The Elmira Savings Bank, FSB Elmira NY 3.6%
Columbus First Bancorp, Inc Worthington OH 26.3%
Community Independent Bancorp Inc. West Salem OH 19.5%
Economic and Community Development Institute, Inc. Columbus OH 73.5%
Insight Bank Columbus OH 76.9%
AmeriBank Holding Company Collinsville OK 14.2%
Central Service Corporation Enid OK 5.4%
Citizen Potawatomi Community Development Corporation Shawnee OK 34.2%
F & M Bancorporation, Inc. Tulsa OK 21.3%
Prime Bank Group Edmond OK 80.1%
Regent Capital Corporation Nowata OK 10.7%
CBT Financial Corp. Clearfield PA 30.9%
Centric Financial Corporation Harrisburg PA 17.1%
Codorus Valley Bancorp, Inc. York PA 9.8%
Community First Fund Lancaster PA 9.0%
DNB Financial Corporation Downingtown PA 7.2%
Enterprise Financial Services Group, Inc. Allison Park PA 5.7%
First Resource Bank Exton PA 0.8%
Jonestown Bank and Trust Company Jonestown PA 19.2%
MileStone Bank Doylestown PA 38.7%
Monument Bank Doylestown PA 85.1%
Northside Community Development Fund Pittsburgh PA 19.0%
Penn Liberty Financial Corp. Wayne PA 15.7%
Phoenix Bancorp, Inc. Minersville PA 22.3%
Team Capital Bank Bethlehem PA 22.5%
The Progress Fund Greensburg PA 26.9%
The Victory Bancorp, Inc. Limerick PA 79.3%
Valley Green Bank Philadelphia PA 110.0%
Carolina Alliance Bank Spartanburg SC 24.2%
Charleston Citywide Local Development Corporation Charleston SC 70.0%
GrandSouth Bancorporation Greenville SC 17.4%
Lowcountry Housing Trust, Incorporated North Charleston SC 18.8%
TCB Corporation Greenwood SC 2.7%
BHCB Holding Company Rapid City SD 40.2%
Northeast South Dakota Economic Corporation Sisseton SD 13.0%
South Eastern Development Foundation Sioux Falls SD 36.6%
Avenue Financial Holdings, Inc. Nashville TN 36.6%
CapitalMark Bank & Trust Chattanooga TN 15.0%
Carroll Financial Services, Inc. Huntingdon TN 17.0%
Evolve Bancorp, Inc. Cordova TN 108.9%
Franklin Financial Network, Inc. Franklin TN 14.0%
InsCorp, Inc. Nashville TN 28.2%
Landmark Community Bank Collierville TN 55.0%
Magna Bank Memphis TN 34.2%
Merchants & Planters Bancshares, Inc. Bolivar TN 60.2%
Planters Financial Group, Inc. Clarksville TN 18.7%
SmartFinancial, Inc. Pigeon Forge TN 85.5%
Southern Heritage Bancshares, Inc. Cleveland TN 17.9%
Sumner Bank & Trust Gallatin TN 0.7%
AIM Bancshares, Inc. Levelland TX 54.4%
BMC Bancshares, Inc. Dallas TX 11.1%
BOH Holdings, Inc. Houston TX 34.2%
CEN-TEX Certified Development Corporation Austin TX 7.0%
Encore Bancshares, Inc. Houston TX 20.8%
FB BanCorp San Antonio TX 11.1%
First Texas BHC, Inc. Fort Worth TX 26.2%
Frontier Bancshares, Inc. Austin TX 47.3%
FVNB Corp. Victoria TX 5.8%
Happy Bancshares, Inc. Amarillo TX 35.0%
Joaquin Bankshares Inc. Huntington TX 10.6%
Liberty Capital Bancshares, Inc. Addison TX 74.5%
McLaughlin Bancshares, Inc. Ralls TX 38.9%
PeopleFund Austin TX 18.6%
Pioneer Bank, SSB Drippings Springs TX 31.8%
PlainsCapital Corporation Dallas TX 6.8%
Southwestern Bancorp, Inc. Boerne TX 10.4%
Third Coast Bank SSB Humble TX 82.0%
Veritex Holdings, Inc. Dallas TX 36.1%
Cache Valley Banking Company Logan UT 27.8%
LCA Bank Corporation Park City UT 1457.1%
Medallion Bank Salt Lake City UT 45.6%
Citizens Community Bank South Hill VA 1.3%
ECDC Enterprise Development Group Arlington VA 27.0%
Heritage Bankshares, Inc. Norfolk VA 9.5%
NCB Capital Impact Arlington VA 15.2%
TowneBank Suffolk VA 5.1%
United Financial Banking Companies, Inc. Vienna VA 10.0%
Virginia Heritage Bank Fairfax VA 36.0%
WashingtonFirst Bankshares, Inc. Reston VA 41.1%
Xenith Bankshares, Inc. Richmond VA 58.4%
Vermont Community Loan Fund, Inc. Montpelier VT 18.1%
Peoples Bancorp Lynden / Bellingham WA 4.3%
Puget Sound Bank Bellevue WA 31.7%
ShoreBank Enterprise Group, Pacific Ilwaco WA 16.5%
U&I Financial Corp Lynnwood WA 34.7%
County Bancorp, Inc. Manitowoc WI 11.6%
Deerfield Financial Corporation Deerfield WI 11.9%
First American Investment, Inc. Hudson WI 15.9%
First Menasha Bancshares, Inc. Neenah WI 5.7%
Forward Community Investments, Inc. Madison WI 40.9%
Impact Seven, Incorporated Almena WI 1.4%
Wisconsin Women's Business Initiative Corporation Milwaukee WI 28.0%
MVB Financial Corp. Fairmont WV 27.5%
Financial Security Corporation Basin WY 25.7%

 

For more information on the SBLF, click here.  To read the full “Use of Funds” report, click here.

Don Graves is Deputy Assistant Secretary for Small Business, Community Development and Housing Policy

Posted in:  Small Business, Small Business Lending Fund (SBLF)
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