Colonial American Bank Adds SBA Lending to Service Offerings

PRLog (Press Release) - Sep. 18, 2012 - SHREWSBURY, NJ  –– Colonial American Bank (CAB) announces the addition of the U.S. Small Business Administration (SBA) program to its commercial banking services for small to middle market companies in both New Jersey and Pennsylvania.  Andrew Glatz, Toms River, has joined the management team as Senior Vice President, SBA Lending, bringing over 20 years of SBA lending and banking industry experience to the program.  Dave Clerkin, Monroe, joins CAB as SBA Underwriter.

"Small businesses are the engine that drives the U.S. economy.  We know that in today’s economic climate, both start-up and existing small businesses need accessible funding to pursue new opportunities for growth," said Anthony Giordano, III, President and CEO. "At Colonial American Bank, we make all of our decisions at the local level and have the flexibility to customize loans and provide sound financial solutions for our business customers.”

For more information about the SBA program, please contact Andrew Glatz at 732-945-4230, aglatz@colonialamericanbank.com or visit www.colonialamericanbank.com.

About Us
Colonial American Bank has branches in Middletown, New Jersey and Horsham, Pennsylvania.   The bank will open a third branch office in Shrewsbury, New Jersey in the 4th quarter of 2012.  In June 2012, bankinggrades.com awarded Colonial American Bank an “A” or “Excellent” rating for lending to small businesses. Colonial American Bank is an Equal Housing Lender. For more information, visit www.colonialamericanbank.com.