Celtic Bank Names Kenneth Leonard VP Business Development

FOR IMMEDIATE RELEASE

Media Contact: Alfred Quinn

(801) 320-6569

aquinn@celticbank.com

Celtic Bank Names Kenneth Leonard VP Business Development

SALT LAKE CITY (June 26, 2012) - Celtic Bank, headquartered in Salt Lake City, Utah, announced today that Kenneth Leonard has been named VP of Business Development. Leonard arrives from United Bank and Trust, Ann Arbor, MI. Mr. Leonard brings 10 years experience closing SBA 7(a) and 504 loans, including extensive work with credit analysis and underwriting.

Of their new hire, Senior VP Craig Calafati says, “His knowledge and commitment to small business will enable us to expand funding opportunities to main street throughout the Midwest.”

Mr. Leonard is an expert in SBA lending, particularly 504 and 7(a) loans. He brings a proven record generating loan volumes. One region saw him grow SBA market share by 182% and volume by 156% within his first year of activity. His experience with all facets of the loan process includes careful attention to clients mixed with a sound understanding of financial institutions and operations.

According to Mr. Leonard, Celtic Bank is attracted to Michigan and the Midwest because of countless businesses that have weathered the recession, “They realize the need to find suitable financing options. We believe that the terms and structures of SBA loans can assist these small businesses to thrive and the local economies to continue to recover.”

Based in Salt Lake City, Celtic Bank supports customers throughout the country and is a leading provider of small business, real estate and construction loans. Celtic Bank’s trained specialists can help with a variety of products including SBA and commercial loans, construction, real estate financing, and residential mortgages. Celtic Bank is an Equal Housing, Preferred SBA, and FHA lender and member FDIC. For more information, visit www.celticbank.com