Celtic Bank Continues Aggressive Growth Strategy by hiring Thomas Hurdman as Vice President/Business Development Officer

FOR IMMEDIATE RELEASE

MEDIA CONTACT:
Alfred Quinn
Celtic Bank
801.320.6569
aquinn@celticbank.com


Salt Lake City, UT– March 27th, 2012
–  Celtic Bank Corporation recently announced the hiring of commercial banking veteran Thomas Hurdman. The move is part of the bank’s aggressive growth strategy, in which they have hired 6 new Business Development Officers (BDO) over the last 6 months. 

As the 12th nationally ranked SBA lender* Celtic Bank produced $184 million in approved gross SBA loans fiscal year 2011. The expansion of its BDO staff is evidence that the bank is looking to increase production and its rank in overall SBA production.

Mr. Hurdman has worked for a number of the nation’s top banks and commercial finance groups, including Fidelity Bank, Wachovia, Wells Fargo and CIT providing financing for real estate acquisition, construction, business acquisition and expansion, equipment and inventory purchase, debt refinance, franchise finance and working capital.

“We are excited to have Tom on the Celtic Bank team. His expertise in small business lending in the southeast will prove invaluable to our mission there. Through Tom’s efforts, we look forward to serving many more small business owners throughout the region,” said Craig R. Calafati, Senior Vice President and National Sales Manager of Celtic Bank

About Celtic Bank:

Headquartered in Salt Lake City, UT, Celtic Bank supports customers throughout the country and is a leading provider of small business loans, 7(a) SBA loans, real estate financing and construction loans. Celtic Bank is an Equal Housing, SBA Preferred, and FHA lender. Deposits are insured by the FDIC.

*Fiscal year 2011

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