Celtic Bank Names Brian Lawlor VP Business Development

FOR IMMEDIATE RELEASE

Media Contact: Alfred Quinn

(801) 320-6569

aquinn@celticbank.com

Celtic Bank Names Brian Lawlor VP Business Development

SALT LAKE CITY (June 20, 2012) - Celtic Bank, headquartered in Salt Lake City, Utah, announced today that Brian Lawlor has been named VP of Business Development. Mr. Lawlor arrives from Ocean Capital in Warwick, Rhode Island. He brings with him vast experience in SBA lending and a remarkable track record of closed loan volume.

Celtic Bank is highly pleased with this newest addition to their team of veteran Business Development officers. Senior Vice President Craig Calafati is particularly gratified:

“We knew what we were looking for and feel fortunate to have Brian on board. Of the candidates under consideration, he was clearly the best fit for Celtic. We look forward to his expertise rounding out our team.”

Lawlor is a recognized expert in SBA 7(a) and USDA Business loans.  At Ocean Capitol he was responsible for the majority of loan closures for his division. He also brings a carefully cultivated base of more than 1,500 brokers and highly trusted relationships across nearly 100 local and national banks.

In joining Celtic’s East Coast Business Development team, Lawlor looks to marry his broad resources to the bank’s processes renowned for customer focus and efficiency. In expanding their Business Development team, Celtic looks to ever increase opportunities for its customers.

For more information, visit www.celticbank.com.

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. Member FDIC.