JAN
04

TROY D’AMBROSIO JOINS CELTIC BANK'S BOARD OF DIRECTORS

TROY D’AMBROSIO JOINS CELTIC BANK'S BOARD OF DIRECTORS
SALT LAKE CITY, UT (Wednesday, January 4, 2017) — Celtic Bank is pleased to announce that Troy D’Ambrosio has joined its Board of Directors. Troy joins Celtic Bank with a wealth of entrepreneurial experience. He currently serves as Executive Director of the Lassonde Entrepreneur Institute at the University of Utah. Since 2014, he has also held the Presidential Chair in Entrepreneurship and continues to serve as Assistant Dean of the David Eccles School of Business, both also at the University of Utah. Troy has co-founded multiple business ventures and was the recipient of the Governor’s Medal in Science and Technology in 2015. “Troy’s business and entrepreneurial experience is very impressive and I look forward to the significant contribution he will make. I’ve worked with Troy in his capacity at the University for several years and admire his creative and thoughtful approach and his ability to generate positive results, ” said Reese S. Howell, Jr., CEO of Celtic Bank. Troy holds a bachelor of arts degree in Political Science from the University of Utah.
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OCT
27

TODD BOREN JOINS CELTIC BANK AS CHIEF RISK OFFICER

TODD BOREN JOINS CELTIC BANK AS CHIEF RISK OFFICER
SALT LAKE CITY, UT (Thursday, October 27, 2016) — Celtic Bank is pleased to announce that Todd Boren has been hired as Chief Risk Officer. Todd will be based out of the bank’s corporate headquarters in Salt Lake City, Utah. Todd joins Celtic Bank with over 25 years of experience in the financial services industry and over 10 years in risk management leadership roles. Most recently, Todd was Chief Risk Officer at the American Express Utah based banks. “I look forward to working with a talented team of professionals and to contributing to the success of Celtic Bank,” said Todd. “I am especially looking forward to the entrepreneurial environment and the pace of business activity.” “Having previously worked with Todd, I am familiar with his strong work ethic and intellect – now Celtic will be the beneficiary of those strong qualities and the depth of his significant prior work experiences,” said Wade Newman, President of Celtic Bank. Todd earned a Bachelor’s of Science degree from the David Eccles School of Business at the University of Utah.
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SEP
01

MATT BITAR JOINS CELTIC BANK AS VICE PRESIDENT, BUSINESS DEVELOPMENT IN SBA LENDING DEPARTMENT

MATT BITAR JOINS CELTIC BANK AS VICE PRESIDENT, BUSINESS DEVELOPMENT IN SBA LENDING DEPARTMENT
SALT LAKE CITY, UT (Thursday, September 1, 2016) — Celtic Bank is pleased to announce that Matt Bitar has been hired as Vice President of Business Development in the SBA and Commercial Lending department. Matt will be based out of Avon, Indiana. Matt has been in the industry for over 15 years, and has concentrated on SBA/USDA exclusively for the last five years. He’s excited to be able to utilize the full breadth of the SBA SOP moving forward with Celtic Bank. “There is no greater feeling in the banking world than helping business owners take that next step they have been working so hard to achieve.” Matt attributes his success to listening to clients’ needs and being able to see things from an owner’s perspective. This comes from his own previous entrepreneurial experience as owner and operator of a marketing company, tanning salon, retail store and restaurant. Matt’s looking forward to expanding his lending area and helping clients all over the country, especially those who may have been told “no” in the past.
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DEC
11

JIM MUELLER JOINS CELTIC BANK AS VICE PRESIDENT, BUSINESS DEVELOPMENT

JIM MUELLER JOINS CELTIC BANK AS VICE PRESIDENT, BUSINESS DEVELOPMENT
SALT LAKE CITY (Decemeber 11, 2015) — Celtic Bank is pleased to announce that Jim Mueller has been hired as Vice President of Business Development in the SBA and Commercial Lending department. Jim will be based out of Fresno, California. Jim has over 15 years of industry experience, and has distinguished himself as a top producer for the last eight years. He recently served as SVP at Umpqua Bank, and has served in various other capacities at leading small business lending institutions across the country. "We are excited that Jim has joined the Celtic Bank team," said Reese S. Howell, Jr., Chief Executive Officer. "Jim has an impressive history of assisting small business owners and brings a wealth of experience to our organization." Jim brings with him valued team member Erik Shorey, a credit analyst with over ten years of SBA financing experience, most of which he earned as a member of Jim’s high-performing team.
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DEC
11

TRENT WARDROP JOINS CELTIC BANK’S MARKETING TEAM

TRENT WARDROP JOINS CELTIC BANK’S MARKETING TEAM
SALT LAKE CITY (December 11, 2015) — Celtic Bank is pleased to announce that Trent Wardrop has been hired as Marketing Automation and Operations Manager in the Celtic Bank Marketing Department. Trent will be based in Salt Lake City, Utah. Trent joins Celtic Bank with over 10 years of experience in marketing. Most recently, he served as the VP of Marketing for Inside Real Estate, a SLC-based startup offering marketing automation and customer relationship management to real estate brokers and agents. "I’m thrilled to be part of the Celtic team," said Trent. "It’s unusual to find an organization so committed to both client and employee happiness. I’m sure that this is a key factor in the bank’s continued growth." "We are thrilled to have Trent join our organization," said Linda Howell, Chief Marketing Officer at Celtic Bank. "His knowledge and vast experience will be instrumental to our ongoing business development efforts." Trent earned a Bachelor’s Degree in English from the University of Utah and a Juris Doctor Degree from Whittier Law School, with a concentration in Business Law.
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OCT
22

AMY MIKSIS JOINS CELTIC BANK’S SBA AND COMMERCIAL LENDING TEAM

AMY MIKSIS JOINS CELTIC BANK’S SBA AND COMMERCIAL LENDING TEAM
SALT LAKE CITY (October 22, 2015) — Celtic Bank is pleased to announce that Amy Miksis has been hired as Assistant Vice President of Business Development in the bank’s SBA and Commercial Lending Department. Amy will be based in West Warwick, Rhode Island and will focus her business development efforts in the Northeast and New England states. Amy joins Celtic Bank with over 7 years of experience in the financial services industry and 4 years in commercial lending. Amy began her banking career at Home Loan Investment Bank as a Commercial Loan Administrator and worked her way up to Senior Commercial Credit Analyst. “I am excited to join Celtic Bank in a business development role,” said Amy. “Celtic Bank’s common sense approach to small business lending was especially appealing to me.”  “We are excited to have Amy join our organization,” said Timothy McGoff, Chief Business Development Officer at Celtic Bank. “Her background in commercial credit analysis and loan packaging will be instrumental as we continue to expand our national business development team.”  Amy is a graduate of Brown University where she earned a Bachelor of Science degree in Neuroscience. Amy currently serves as the NCAA Division I Head Diving Coach at...
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OCT
20

KIM SIMMONS JOINS CELTIC BANK LEASING & EQUIPMENT FINANCE GROUP

KIM SIMMONS JOINS  CELTIC BANK LEASING & EQUIPMENT FINANCE GROUP
SALT LAKE CITY (October 20, 2015) — Celtic Bank is pleased to announce that Kim Simmons has been hired as Assistant Vice President of the newly established Celtic Bank Leasing & Equipment Finance Group. Kim will be based in Salt Lake City, Utah.  Kim joins Celtic Bank with over 14 years of experience in the equipment financing industry. Most recently, Kim was a Senior Sales Assistant at TAB Bank where she provided sales support for equipment leasing transactions up to $400,000. Prior to TAB Bank, Kim served as Director of Operations for Stalwart Contract Finance where she was responsible for the day-to-day operations of the equipment and working capital funding division. “I am thrilled to join this new organization,” said Kim. “It is an honor to work with a team of professionals who are so well respected in the leasing industry.”  “Kim’s operations background in equipment financing makes her an ideal fit for our new organization,” said Michael Fosmark, President of Celtic Bank Leasing & Equipment Finance Group. “We are delighted to have Kim join our team as we move forward and grow our business.” Kim attended Weber State University where she studied business and finance. Kim also attended Phillips Jr....
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OCT
08

ANDREW YOCOM JOINS CELTIC BANK LEASING & EQUIPMENT FINANCE GROUP

ANDREW YOCOM JOINS CELTIC BANK LEASING & EQUIPMENT FINANCE GROUP
SALT LAKE CITY, Oct. 8, 2015 -- Celtic Bank is pleased to announce that Andrew Yocom has been hired as Assistant Vice President of the newly established Celtic Bank Leasing & Equipment Finance Group. Andrew will be based in Salt Lake City, Utah. Prior to joining Celtic Bank Leasing & Equipment & Finance Group, Andrew served as an Assistant Vice President of Credit at Continental Bank where he was responsible for analyzing financial statements, underwriting credit requests, monitoring portfolios, collections and evaluating collateral. "Joining the new equipment leasing & finance division at Celtic Bank was appealing to me for many reasons," said Andy. "Celtic Bank has certainly established itself as an excellent company with a culture of success and employee happiness. I am excited for the opportunity to start something new and to work with people I trust." "I have had the pleasure of working with Andy for the past four years," said Michael Fosmark, President of Celtic Bank Leasing & Equipment Finance Group. "During this time, Andy has shown excellent judgment and a strong desire to succeed. I am thrilled that he has decided to join us as we forge a new path to help small business owners get the funding they need to succeed." Andrew...
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OCT
08

Everything You Need to Know about New Chip Enabled Credit Cards

Everything You Need to Know about New Chip Enabled Credit Cards
As of October 1, 2015 merchants across the nation were no longer able to accept run of the mill credit cards. As of October 8th, 2015 in fact, any credit card without a chip will be rendered useless. The purpose of this change is to reduce the instances of fraud – and although this change will not have a huge visible impact, it will definitely affect small businesses across the country.  The new chip cards require EMV technology in order to be able to process payments, the chip essentially makes in-person fraud more difficult to get away with by providing a one-time use number to the merchant, instead of the card number itself. What This Means for Merchants: Credit card companies will no longer assume risk when it comes to credit card fraudulent transaction that do not use the new chip technology. However, if a card with a chip is swiped using the magnetic strip instead, the business will be liable – not the consumer and not the credit card company. Because not all banks are issuing new cards immediately, most are waiting until current cards expire, this will cause some confusing in the transition time. It is estimated that not...
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