City Bank Named No. 1 SBA Lender for New Markets.Business Editors LYNNWOOD, Wash.--(BUSINESS WIRE)--Jan. 27, 2000 The U.S. Small Business Administration announced in January that City Bank (Nasdaq:CTBK) is the No. 1 SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Lender and Gold Medal gold medal traditional first prize. [Western Cult: Misc.] See : Prize winner for lending to New Markets in the Seattle District for fiscal year 1999. The New Markets category is minority and women owned businesses. City Bank made a total of 79 SBA guaranteed loans for $18,673,100. Of those loans, 69 loans totaling $14,558,200 were made specifically to New Market borrowers. City Bank is a locally owned and operated commercial bank founded in 1974 and headquartered in Lynnwood, Washington Lynnwood is a city in Snohomish County, Washington, United States. The population was 33,847 at the 2000 census making it the third largest in Snohomish County and twenty-fourth largest in Washington State. . Eight banking offices and two mortgage offices serve Snohomish, North King and Pierce counties. City Bank is a full service bank, offering deposit and loan services to both businesses and individuals. |
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