Ocean Bank's Small Business Lending Manager Receives Award
MIAMI, FL, - March 23, 2007- Ocean Bank’s Small Business Lending Manager, Mark W. Mayhew, recently received the Most Active Small Business Administration (SBA) 504 Loan Officer award from the Florida Business Development Corporation. Mayhew accepted the award on February 28th, 2007 during the Annual Membership Awards Meeting held at Pete’s Restaurant in Boca Raton.
"Since Ocean Bank’s inception in 1982, we have been committed to investing in our community," said Mark W. Mayhew, SVP, and Small Business Lending Manager for Ocean Bank. "By providing loans to small businesses in Florida, we are able to help create new products, services and jobs. This recognition reaffirms our commitment to helping small businesses grow and to further developing South Florida’s economy. It’s important for Ocean Bank to support local business owners because they are pivotal to the region’s continued success."
Since 1995, Ocean Bank has received numerous awards for its active lending and participation in SBA 504 loans in Miami-Dade. In addition to its small business loan activity, Ocean Bank is one of the local banks committed to lend funds to Miami-Dade County’s Empowerment Zone project. The Bank originally committed to providing $15 million in loans over the first five years to creditworthy applicants seeking commercial, industrial and real estate financing in Miami-Dade County’s designated Empowerment Zone Area. To date, the Bank has surpassed $90 million in loans to the Empowerment Zone and is an active lender in low to moderate income areas.
Working jointly with the U.S. Small Business Administration, Ocean Bank’s SBA 504 loan program offers businesses the opportunity to secure long term financing for commercial real estate projects including purchase, construction or renovation. These funds can be used for projects that encompass direct acquisition or acquisition of land to build, as well as for the purchase of equipment.
Ocean Bank is the largest independent commercial bank chartered and headquartered in Florida, with $5.9 billion in assets and $5.0 billion in deposits. Chartered in 1982, Ocean Bank operates a network of 21 branches throughout Miami-Dade and Broward counties. The community bank has received numerous awards and accolades from the Greater Miami Chamber of Commerce, The Beacon Council and the Florida Department of Education among others for its support of South Florida’s communities. For more information logon to www.oceanbank.com.
