SAN DIEGO, Calif. /California Newswire/ — Bank of Southern California N.A., a locally owned community business bank, has been recognized as one of the top small business lenders among medium sized banks for the largest number and dollar volume of 7(a) loans in 2012 in the greater San Diego area according to the U.S. Small Business Administration.
In addition, Banking Grades, which is a grading tool from Multifunding, a financial advisory provider that ranks every FDIC insured bank based on their commitment to small business lending, continues to issue an A rating to Bank of Southern California for the amount of loans the bank has made to small businesses. By contrast, many other banks in the area received much lower grades.
"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.