SEP
15

TIMOTHY MCGOFF JOINS CELTIC BANK AS CHIEF BUSINESS DEVELOPMENT OFFICER

TIMOTHY MCGOFF JOINS CELTIC BANK AS CHIEF BUSINESS DEVELOPMENT OFFICER
SALT LAKE CITY (September 15, 2015) — Celtic Bank is pleased to announce that Timothy J. McGoff has joined Celtic Bank as its Chief Business Development Officer. Tim will be based in San Diego, California but will spend a considerable amount of time traveling as he manages the bank’s business development initiatives nationwide.  Tim joins Celtic Bank with more than 20 years of experience in business channel development, SBA and commercial lending, team management and technology enabled processes. Most recently, Tim worked for US Bank as a Vice President focused on strategic alliances, marketing and business support services. Prior to US Bank, Tim worked for New York-based Business Loan Express, LLC as Vice President of Internet Channel Sales. “I am excited to come to a Bank that exudes the same level of entrepreneurial spirit as the small business owners it finances. I look forward to extending the strong pace of growth Celtic Bank has achieved over the past few years,” said Tim.  “I couldn’t be more pleased that Tim has made the choice to join Celtic Bank as its new Chief Business Development Officer,” said Reese Howell Jr., CEO of Celtic Bank. “Tim is a very talented individual and I believe...
AUG
26

Celtic Bank Facilitates Multiple Commercial Renewable Energy Projects

Celtic Bank Facilitates Multiple Commercial Renewable Energy Projects
SALT LAKE CITY (August 26, 2015) — Celtic Bank is pleased to announce that it recently facilitated several small to mid-scale commercial solar renewable energy projects supported by 20-25 year power purchase agreements. Funds for the projects will be used by businesses to install solar panels for distributed generation, community solar, and to sell excess energy back to the local electric utility. The projected energy production from these solar facilities is equivalent to eliminating CO2 emissions from 10,974,105 pounds of burned coal or 1,149,645 gallons of used gasoline over a year’s time. Since January 2015, Celtic Bank has facilitated approximately $43,000,000 in renewal energy projects in Arizona, California, Colorado, Hawaii, Massachusetts, and New Jersey. While utility-scale solar and residential solar have thrived, mid-scale commercial solar projects have trailed behind in recent years. Historically, it has been difficult for developers of small to mid-scale commercial solar projects to obtain financing due to high third party costs, a lack of standardization, and unconventional risk profiles. Celtic Bank has addressed this need by primarily focusing on financing solutions for commercial projects ranging from 350 kilowatts to 2 megawatts in size with project prices from $1,000,000 to $5,000,000. Host facilities include a wide variety of...
JUL
14

ADAM CHENG JOINS CELTIC BANK’S SBA LENDING TEAM

ADAM CHENG JOINS CELTIC BANK’S SBA LENDING TEAM
  Salt Lake City, UT (July 14, 2015) — Celtic Bank is pleased to announce that Adam Cheng has been hired as Vice President of Business Development in the bank’s SBA and Commercial Lending Department.  Adam will be based in Houston, Texas. Adam joins Celtic Bank with more than 10 years of SBA and commercial lending experience.  Adam began his banking career as a Credit Analyst for a community bank in Houston, Texas.  Most recently, Adam worked as a Vice President/SBA Marketing Manager for an independent community bank in Atlanta, Georgia. “Celtic Bank as a business entity is in high growth mode, which is the main reason I want to join this winning team,” said Adam.  “I believe my future prospects at Celtic Bank will be both rewarding and exciting.” “Adam’s background in SBA and commercial loan underwriting and business development makes him a valuable addition to our team,” said Chris Nalley, Senior Vice President of SBA Lending at Celtic Bank.  “We are excited to have Adam on board and look forward to increasing our SBA loan production in the Greater Houston area.” Adam holds a Bachelor’s degree in Business Management from California Polytechnic State University, an MBA from Arizona State...
JUL
02

DANA T. MCGILL JOINS CELTIC BANK’S SBA LENDING TEAM

DANA T. MCGILL JOINS CELTIC BANK’S SBA LENDING TEAM
Salt Lake City, UT (July 2, 2015) — Celtic Bank is pleased to announce that Dana T. McGill has been hired as Vice President of Business Development in the bank’s SBA and Commercial Lending Department.  Ms. McGill’s primary responsibility will be to increase the bank’s SBA loan production in the Greater New York area.  She will be based in Hoboken, New Jersey. Before joining Celtic Bank, Ms. McGill was a Senior Manager at AIG in New York City where she worked on the CCAR Central Reporting Team whose focus was on developing and implementing a robust Comprehensive Capital Analysis & Review (CCAR) process for the company.  Prior to AIG, Ms. McGill worked in Global Treasury at American Express where her primary role was supporting the funding, liquidity, capital and asset/liability management needs for American Express Bank, FSB and Centurion Bank.  In 2012, she was named a CFO Pinnacle Award Winner by the American Express Global Finance organization.  Ms. McGill holds a Bachelor’s degree in Finance and Economics from Utah State University and an MBA from Westminster College. “We are excited that Dana has decided to join our nationwide SBA lending team,” said Christy Lester, Senior Vice President of SBA Lending at...
JUL
01

Celtic Bank Announces First PACE Funding in the State of Utah

Celtic Bank Announces First PACE Funding in the State of Utah
Salt Lake City, UT (July 1, 2015) — Celtic Bank is pleased to announce that it has funded the first commercial project utilizing PACE in the state of Utah. Proceeds from the bond issuance will be used by Hunt Electric to construct a solar canopy utilizing smart grid technology at their offices in West Valley City, UT. Celtic Bank worked in conjunction with Hunt Electric, Utah Clean Energy, and the Governor’s Office of Energy Development to bring the PACE funding structure to Utah.   “Celtic Bank has made a commitment to investing in renewable energy projects; we are actively investing in projects across the country utilizing a number of different funding structures. PACE is a structure we have worked with in other states and we are excited to be a part of bringing it to Utah.” said Jake Barney, Chief Financial Officer of Celtic Bank.      PACE (Property Assessed Clean Energy) is a unique financing vehicle offered by local governments in states with PACE enabled legislation.  PACE allows property owners to finance 100% of the costs for up to 20 years to make energy efficient upgrades or renewable energy updates to their buildings. Because of the attractive terms available through...
JUN
30

Michael Johnson Joins Celtic Bank's SBA Lending Team

Michael Johnson Joins Celtic Bank's SBA Lending Team
Salt Lake City, UT (June 30, 2015) — Celtic Bank is pleased to announce that Michael A. Johnson has been hired as Vice President of Business Development in the bank’s SBA and Commercial Lending Department.  Johnson will be based in Raleigh, North Carolina. Johnson joins Celtic Bank with more than 25 years of experience in the financial services industry.  Johnson began his career as a consultant for a mortgage banking and real estate company in New York.  Most recently, Johnson worked as an independent commercial loan broker originating SBA 7(a) and 504 loans for small business owners throughout the country.  “Over the past several years, I have had the opportunity to work with Celtic Bank on numerous occasions.  I have always been impressed with the Bank’s operational structure and levelheaded approach to underwriting.” said Johnson.  “I am thrilled that Michael has joined our nationwide SBA lending team,” said Christy Lester, Senior Vice President of SBA Lending at Celtic Bank.  “Michael’s financial services background and his experience consulting with small business owners will serve us well as he works to increase the bank’s SBA loan production.” Johnson holds a Bachelor’s degree in Broadcasting Management from Western Michigan University and an MBA with...
MAY
20

Celtic Bank is Named Utah's Top Dollar Volume SBA Lender

Celtic Bank is Named Utah's Top Dollar Volume SBA Lender
Salt Lake City, UT (May 20, 2015) —Celtic Bank has been recognized by the U.S. Small Business Administration and the SBA Utah District Office as the Top Dollar Volume Lender in Utah for FYE 2014.  Celtic Bank was presented with the award during the Utah Small Business Awards luncheon hosted by the SBA Utah District Office on May 5, 2015.  Celtic Bank is currently the sixth largest SBA lender in the nation for FY 2015. “We are thrilled to receive this award,” said Wade Newman, President of Celtic Bank.  “Small business is the lifeblood of the U.S. economy and Utah continues to be one of the friendliest states in the nation for small business.  It is exciting to work for a company that is committed to helping small business owners throughout Utah and the nation to achieve their entrepreneurial dreams.  I am proud of our business development professionals, underwriters and operations teams who consistently deliver exceptional customer service to our small business borrowers.”
MAR
11

WILL FLOYD AND JOSEPH AMATO JOIN CELTIC BANK SBA LENDING TEAM

WILL FLOYD AND JOSEPH AMATO JOIN CELTIC BANK SBA LENDING TEAM
Salt Lake City, UT (March 11, 2015) — Celtic Bank is pleased to announce that Will Floyd and Joseph Amato have been hired as Vice Presidents of Business Development in the bank’s SBA and Commercial Lending Department.  Floyd will be based in San Diego, California.  Amato will be based in Lynchburg, Virginia. Floyd is a 12-year veteran in the finance and banking industry and will team with Liz Schaper, Senior Vice President of SBA Lending, to enhance the customer experience and deliver even faster turnaround times.  “Celtic’s ability to take sometimes complicated SBA loans and take a more common sense approach was very appealing to me,” said Floyd.  “I look forward to many years of successful SBA lending at Celtic Bank.” Amato joins Celtic Bank with over 14 years of commercial lending experience working with small business and middle market clients.  Amato’s background includes developing, underwriting and packaging commercial financing opportunities using government-guaranteed funding programs.  “Celtic Bank will allow me to capitalize on my extensive business development and commercial lending experience on a nationwide platform,” said Amato.  “I have joined a group of lending professionals that are sincerely focused on providing financing opportunities for small business.” “We are delighted to have...
MAR
03

Celtic Bank Named 2nd Largest SBA Lender in Georgia!

Celtic Bank Named 2nd Largest SBA Lender in Georgia!
Panama City Beach, FL (March 2, 2015) — Celtic Bank is pleased to announce that the SBA Georgia District Office named Celtic Bank as the 2nd largest SBA 7(a) lender based on the number of loans closed.  During the first quarter of FY2015,which runs October 1, 2014 through January 31, 2015, Celtic Bank closed 36 SBA 7(a) loans in Georgia.