Community National Bank (CBNY.OB), one of the fastest growing commercial
community banks in the NY Metro Area, is proud to announce that it was
named #1 SBA lender on Long Island by the New York District Office.
According to the district reports, over the last seven months CNB has
raised its SBA Lending in its primary market from $8 million to $17.9
million; an increase of more than 100%. In addition, it has almost
tripled its commitment to SBA lending in the NY District increasing
lending from $12.2 million to $32.4 million, earning CNB a ranking of 4th
in the entire district.
"Small and mid-sized businesses play an integral role in the livelihood
of our area and we are pleased that we’ve been able to provide many
local businesses the resources they need to grow and prosper,” said
Stuart Lubow, President, Chairman and CEO of Community National Bank.
"The results of these reports are a testament to our dedication to SBA
Lending and our commitment to this dynamic community. We look forward to
broadening our SBA portfolio to benefit the small business sector of
Long Island as well expanding to new markets, offering more financial
opportunities to the businesses and individuals of the NY metro area.”
In addition to its corporate office and full-service branch in Great
Neck, CNB will officially open its eighth branch in Bayside, Queens,
located at 43-01 Bell Boulevard on Saturday, May 21st. The
grand opening celebration will take place from 9am – 2 pm.
ABOUT COMMUNITY NATIONAL BANK
Community National Bank is a Long Island based independent, community,
commercial bank and operates eight locations in Nassau and Suffolk
counties. We offer a full range of modern financial services, backed by
state-of-the-art technology. In addition to commercial loans, commercial
mortgages, small business loans and lines of credit, residential
mortgages, CNB also provides a complete selection of traditional
personal and commercial deposit products such as no fee individual and
business checking accounts, IRA accounts and statement savings. As a
Small Business Administration (SBA) preferred lender and gold award
winner, CNB also offers special loan and financial management programs
designed to help small and medium-sized businesses succeed.
Community National Bank is a member of the FDIC and is an Equal
Housing/Equal Opportunity Lender. For more information about Community
National Bank contact Donna Frasco, Senior Vice President, Chief Retail
Officer of Community National Bank at 516-498-9111 or visit the Bank’s
website at www.cnbny.com.
