Citizens National Bank Named Bank of the Year by Ohio Statewide Development Corporation (OSDC)

OSDC_2016The OSDC recently held their annual awards luncheon in which they honor projects, lenders and banks for their commitment to growing and creating/retaining jobs throughout Ohio through the use of their small business loan programs.

Citizens National Bank was named Bank of the Year at the luncheon, citing the bank’s use of the SBA 504 loan program and the Ohio 166 program to extend long-term fixed rate financing for business real estate. OSDC is a Certified Development Company with the Small Business Administration. By partnering with banks such as CNB, they were able provide over $4 billion in 504 loans to 5,600 businesses nationwide in 2015. CNB has worked with OSDC for 15 years, the largest project being a Springhill Suites Hotel that is currently under construction in Beavercreek, OH. CNB also has a signed Lender Service Provider Agreement with the OSDC to submit SBA 7a loans on behalf of CNB. By working with the OSDC, clients in our Columbus, Springfield and Van Wert markets have all benefited by receiving long-term fixed rate financing on large projects that are contributing to the economic development of those communities.

Accepting the award on behalf of the bank were President/CEO Mike Romey, SVP City President of the Springfield office, Brock Burcham, and VP Business Banking Officer, Eric Faulkner. “We’re very proud of our involvement with the OSDC and the financing opportunities it provides our clients who otherwise may not have been able to move forward with these important projects. We’re honored to have been named Bank of the Year and look forward to continuing our involvement with the OSDC in 2016,” states Faulkner.

For more information about the awards luncheon and a full listing of all the winners, read the media release provided by the OSDC.

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