Fidelity Bank Ranked as One of the Top Five SBA Lenders
ATLANTA, April 22, 2011
ATLANTAApril 22, 2011 /PRNewswire/ — Fidelity Bank, a subsidiary of Fidelity Southern Corporation (NASDAQ: LION), is ranked third on Georgia's 504 lenders list and fourth in 7(A) lending during first quarter 2011, according to the U.S. Small Business Administration.
Danny Preston, Senior Vice President for SBA lending at Fidelity Bank said, "This ranking demonstrates what Fidelity Bank is all about: investing in local businesses and fostering an environment of growth so our local communities can prosper and thrive. We are proud to be recognized for our contribution in helping to stimulate our local economy."
For the last two years, Fidelity Bank has focused its growth efforts on its lending divisions. During the first quarter of 2011, Fidelity Bank's SBA lending team successfully closed twenty-nine 7(A) loans totaling more than $25 million and three 504 loans totaling more than $3 million. Fidelity Bank was also one of the few Georgia banks to show a profit in 2010, earning $10.1 million.
H. Palmer Proctor, Jr., President of Fidelity Bank said, "Our strategic growth initiatives over the last couple of years are beginning to paying off. We have attracted and retained talented small business lenders who are committed to our mission of providing the best customer service in town."
Fidelity Southern Corporation, through its operating subsidiaries Fidelity Bank and LionMark Insurance Company, provides banking services and credit-related insurance products through 23 branches in Atlanta, Georgia, a branch in Jacksonville, Florida, and an insurance office in Atlanta, Georgia. SBA, Indirect automobile, and mortgage loans are provided through employees located throughout the Southeast. For additional information about Fidelity's products and services, please visit the website at www.FidelitySouthern.com.
Martha Fleming (404) 240-1504
SOURCE Fidelity Bank