Last week, the US Small Business Administration named River Valley Bank as one of the nation’s top lenders in the fourth quarter of 2018.
In results posted from the administration that tracks SBA lending throughout the nation, River Valley Bank and it’s national online community bank; IncredibleBank, ranked as the 23rd largest SBA lender in the fourth quarter of 2018. River Valley was the only bank in Wisconsin and Michigan’s Upper Peninsula to make the top 30, River Valley stated in a press release Wednesday.
In last year’s fourth quarter, River Valley and IncredibleBank℠ wrote over $51 million in SBA loans across many different industries and throughout the U.S. As IncredibleBank℠ expands its reach and becomes a dominant national online bank, company representatives foresee a steady increase in SBA lending as well as other traditional small and mid-size business lending solutions. Todd Nagel, CEO of River Valley Bank said, “We look forward to continued growth in business lending in general and SBA lending in particular. Our SBA lending team is highly skilled and experienced, and the results of their “white glove” efforts are quite remarkable. Although we continue to lend to diverse businesses throughout the country, we’re particularly proud of our efforts in helping businesses with SBA loans in our Wisconsin and Michigan markets where our branches are located.”
Recently, IncredibleBank℠, which is a division of River Valley Bank, was named one of the Top 10 Online Banks in the U.S. by GoBankingRates.com. IncredibleBank℠ is positioning itself as the first online community bank in the country.
About River Valley Bank and IncredibleBank
River Valley Bank is a financial institution headquartered in Wausau, Wisconsin with 15 branches in Wisconsin and Michigan’s Upper Peninsula. River Valley’s continued emphasis on I.C.E. (Incredible Customer Experience)TM has helped the bank grow to over $1.3 billion in assets. With a solid foundation in personal and business banking, River Valley also offers consumer lending, mortgage and insurance. IncredibleBank℠ was founded in 2009 by River Valley Bank and operates as a national online banking entity for River Valley. Member FDIC. Equal Housing Lender.