GREAT NECK, N.Y. - (Business Wire) Community National Bank (CNB) (stock symbol CBNY, OTCBB), Long Island’s fastest growing commercial community bank, will be awarded the 2009 Bronze Award by the U.S. Small Business Administration (SBA). The awards ceremony will be held on November 17th at the Harvest Room in Queens, New York. The Bronze Award is presented by the SBA to lenders issuing between $5 and $8 million in district loans during the fiscal year. Community National Bank issued $6.75 million in district loans during 2009.
“Community National Bank is being honored by the SBA for providing much needed capital loans to Long Island’s small businesses,” says Ron Goldstein, Supervisor of Lender Relations at the U.S. Small Business Administration. “By facilitating the growth of its local businesses, Community National Bank helps to strengthen the Long Island community at large.”
Community National Bank is also being honored, for the second year in a row, by the Long Island Development Corporation (LIDC) with the Community Based Lender Award for 2009. The LIDC recognizes CNB for its significant contributions to the economic development of Long Island’s small business community.
“We are most honored to receive both the SBA’s 2009 Bronze Award and the LIDC’s Community Based Lender Award for 2009,” says Stuart Lubow, Chairman, President, and CEO of Community National Bank. “We appreciate being acknowledged for our support and will continue providing fiscally responsible loans to Long Island’s thriving business community.”
Community National Bank is a Long Island-based independent commercial bank offering a full range of modern financial services, backed by state-of-the-art technology. In addition to residential mortgages, home equity lines of credit, commercial mortgages and business loans and lines of credit, the bank provides a complete selection of traditional personal and commercial banking products such as no-fee individual and business checking accounts, IRA accounts, and statement and passbook savings.
Other features include extended lobby hours weekdays plus both Saturday and Sunday hours, 24-hour ATM service, free internet banking, and much more. Community National Bank also offers DeskTop Banker, a service that allows local merchants to deposit checks electronically, without leaving their store or office. As a Small Business Administration (SBA) Preferred Lender, CNB also offers special loan and financial management programs designed to help small and medium size businesses succeed.
Community National Bank is a member of the FDIC and is an Equal Housing/Equal Opportunity Lender. For more information about Small Business Lending at Community National Bank contact Michael D. Ogus, VP of Small Business Lending at the Huntington Commercial Loan Center at (631) 935-1611 (ext. 209) or visit the Bank’s website at www.cnbny.com.
For Community National Bank
Joan McNally, 973-227-8080, ext. 29
jmcnally@turchette.com
or
Stuart H. Lubow, 516-498-9111
