Atlantic Capital Bank To Begin SBA Lending Program
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Atlantic Capital Bank to begin SBA Lending Program
Bank hires Atlanta market small business specialist to expand services
(Atlanta, Ga. - June 6, 2012) Atlantic Capital Bank (ACB) announced today the recent hire of small business specialist Juan Lago, an expert in the Atlanta small and emerging growth business market, whose addition signifies the inception of the bank's Small Business Administration (SBA) lending program. ACB, which has focused on serving the banking needs of mid-market and emerging growth companies since opening its doors in 2007, will now be able to tailor its loan services to small businesses in the Atlanta market.
"Juan has broad experience in the SBA lending segment and is extremely knowledgeable about the strict rules and regulations of this government program. His specialty requires a high level of expertise, and having known Juan for years, we know he is ideally suited to launch this important service division for ACB," says Kurt Shreiner, Executive Vice President of Corporate Financial Services at ACB.
Assuming the new position of Senior Vice President of Specialized Lending, Lago will manage the bank's specialized lending initiative, which focuses on SBA lending. ACB will begin issuing small business loans within the next few weeks, a natural progression the bank has been looking forward to incorporating into its service offerings.
"Juan's hiring further indicates ACB's commitment to small and medium-size businesses in Georgia," says Shreiner. "Small businesses are the engine of the economy - they create jobs and build opportunity. By adding Juan's expertise to ACB, we are now in the best possible position to support and aid in the development of those businesses in our market."
Lago has more than 30 years of commercial lending experience and is an expert in small business lending - specifically SBA, USDA, and Eximbank lending. Prior to joining ACB, Lago worked with Ameris Bank in the Atlanta region as the SBA lending manager. In 1999, SouthTrust Bank recruited Lago to expand its Atlanta SBA Lending Department into a bank-wide department serving seven states. There he worked as a group vice president until the merger of SouthTrust Bank with Wachovia Corporation in 2005.
For more information on Atlantic Capital Bank, visit http://www.atlcapbank.com/.
ABOUT ATLANTIC CAPITAL BANK
A privately-held institution, Atlantic Capital Bank was established in May 2007 and has assets of $1.0 billion as of March 31, 2012. The Bank is designed to serve the diverse financial needs of growing middle market companies, commercial real estate developers and affluent individuals and families.
ACB's focus on superior personalized service and local market expertise has distinguished it in the financial industry. By strategically combining the best aspects of both large global banks and smaller community banks, ACB offers its clients the expertise, capabilities and lending power of a larger financial institution, as well as the hands-on service often only found at smaller banks. For more information, visit www.atlanticcapitalbank.com.