Commercial Bancorp Tops $3 Billion in Financing Requests; ``Not All Dot Com's are Dead''.Business & High-Tech Editors COLUMBUS, Ohio--(BUSINESS WIRE)--May 15, 2001 Commercial Bancorp LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a commercial financing consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , announced today that their web site (www.commercialbancorp.com) has generated over $3 billion dollars in commercial financing requests in the first 30 days of operation. Commercial Bancorp LLC is the brainchild of president Jerry Cummings Jr. Commercial Bancorp LLC specializes in placing financing for golf course purchase, refinancing, renovation, and construction as well as hotel/motel, resort, and other investment business property financing packages. "We wanted to get the word out about our specialty financing products and what better way to gain a large audience in a hurry than the Internet," said Mr. Cummings. He continued... "While a lot of dot com's have gone by the wayside in the last year, we did not let that fact deter us because we were not counting on selling a product over the net but selling a service that we would be compensated on only if we are successful for our client. Our start-up costs were minuscule compared to what most Internet start-ups have spent." Commercial Bancorps' headquarters are located in Westerville, OH. The current staff has a combined 125 years experience in commercial financing. Prior to joining Commercial Bancorp CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Steve Mooney was CEO of Finance Development Corporation (FDC FDC - Floppy Disk Controller ), and most recently served as head of commercial lending for AMS AMS - Andrew Message System Commercial LLC. Senior Vice President Harold Levin was formerly the president of Wexner Investment Corporation and CFO See Chief Financial Officer. of Value City Inc. A recent addition, vice-president John O'Brien, will head up the golf course renovation financing area. "We are currently analyzing the flow of business from the Internet and other sources but if the last 30 days are any indication we will have to speed up the development our local infrastructure to meet demand." |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion