First American Bank has been recognized as a top lender in the state of Iowa by the U.S. Small Business Administration (SBA) for Fiscal Year 2007, the agency announced. First American Bank approved 45 SBA loans worth over $7.7 million to small businesses in Iowa. This is the third year the SBA has recognized First American Bank's performance, commitment and support to the program.
"Small businesses are the foundation of our nation's economy, and helping small businesses get the financing they need to succeed is of vital importance," said Joe Folsom, director of the SBA's Des Moines District Office. "We're pleased to work with lenders such as First American Bank in helping Iowa's small business community grow and prosper." Overall in Iowa, the SBA guaranteed 821 loans for $182.3 million during Fiscal Year 2007.
First American Bank is one of the fastest growing privately owned banks in Iowa, operating from sixteen locations throughout Iowa, and five in Southwest Florida. The bank controls assets of approximately $1.7 billion. First American Bank offers a wide array of personal banking services, and specializes in commercial and small business banking. In addition, First American Bank offers mortgage origination services and a range of wealth management services, including financial consulting, trust services, and employee benefits.
For additional information, stop by First American Bank, 635 First Street, Webster City, or call 832-1133.