JAN
27

Visit the Celtic Bank Booth at the 2015 NACLB Conference!

Visit the Celtic Bank Booth at the 2015 NACLB Conference!
Celtic Bank is a sponsor of the 2015 National Alliance of Commercial Loan Brokers (NACLB) Conference taking place March 8-10, 2015 at the Red Rock Resort in Las Vegas!  Visit the Celtic Bank booth and enter to win a free iPad!
DEC
11

Celtic Bank Named #1 SBA Lender in Utah and 8th in the Nation

Celtic Bank Named #1 SBA Lender in Utah and 8th in the Nation
Salt Lake City, UT (December 11, 2014) — Celtic Bank is pleased to announce that it was recognized by the SBA Utah District Office for being Utah’s #1 SBA lender for FY 2014, surpassing all other lenders in the state of Utah for dollar volume.  Celtic Bank was also recognized for being the most active medium-size lender (assets of $200 million to $1 billion) in the Utah District Office 7(a) lending category.  Celtic Bank was presented with the awards during an event hosted by the SBA Utah District Office on November 20, 2014.  Celtic Bank was also named the 8th largest SBA lender in the nation for FY 2014. “We are honored to receive this recognition,” said Reese S. Howell, Jr., Chief Executive Officer for Celtic Bank.  “Contributing to the growth and success of Utah’s small business community has always been a priority for our company. We are very fortunate to have a well-respected and dedicated team of small business financing professionals that are committed to helping Utah’s small businesses get the financing they need to grow and thrive.”    
NOV
17

Celtic Bank Selected as a Top Workplace along the Wasatch Front

Celtic Bank Selected as a Top Workplace along the Wasatch Front
Salt Lake City, UT (November 17, 2014) — Celtic Bank is pleased to announce that it has been selected as a Top Workplace along the Wasatch Front. The Top Workplace finalists were selected based solely on employee feedback from a survey conducted earlier this year by Workplace Dynamics, LLP on behalf of The Salt Lake Tribune.  The Salt Lake Tribune published the complete list of Top Workplaces on November 16, 2014. “We are honored to receive this recognition,” said Reese S. Howell, Jr., Chief Executive Officer for Celtic Bank. “Celtic Bank’s employees are the backbone of our company and their commitment to excellence has fueled our growth, particularly here in Utah.  Celtic Bank was recently named the number one SBA lender in Utah and the eighth largest SBA lender in the nation, which is a direct result of the dedication and professionalism our employees put forth each and every day.”
SEP
02

Celtic Bank Receives Rising Star Lender Award

Celtic Bank Receives Rising Star Lender Award
Salt Lake City, UT (September 2, 2014) — Celtic Bank was presented with the Rising Star Lender Award by the SBA San Antonio District at the 2014 Mid-America Lenders Conference held August 18th-20th, 2014 in San Antonio, Texas. The award recognized Celtic Bank for being an up and coming SBA lender in the San Antonio community and increasing production with thirteen SBA 7(a) loans totaling $3.5 million dollars.
JUL
07

Celtic Bank Announces $6.9MM PACE Bond Funding with Los Angeles County

Celtic Bank Announces $6.9MM PACE Bond Funding with Los Angeles County
Salt Lake City, UT (July 7, 2014) — Celtic Bank is pleased to announce that it recently funded a PACE bond with Los Angeles County in the amount of $6,860,000 for the New Constance Hotel located in Pasadena, California. Funds for the New Constance Hotel will be used to install energy efficient improvements including new HVAC and controllers, LED lighting, elevator motors and controls, window treatments, water systems, and insulation. These improvements are estimated to save 207,488 kWh per year in electricity usage and reduce water consumption by 3,200,000 gallons. The closing of the New Constance Hotel PACE bond brings the total amount of PACE fundings by Celtic Bank to $14,065,000. "Most clean energy programs require taxpayer and government subsidies to make them economically viable. We are excited to participate in a program like PACE that utilizes private capital to fund clean energy improvements that actually increase the operating cash flow of the entity," 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 to make energy efficient upgrades or renewable energy...
JUN
24

Richard Gaetano Joins Celtic Bank as VP Business Development

Richard Gaetano Joins Celtic Bank as VP Business Development
Salt Lake City, UT (June 24, 2014) — Celtic Bank is pleased to announce that Richard Gaetano has been hired as Vice President of Business Development in the bank's SBA and Commercial Lending Department. Gaetano will be based in Southbury, Connecticut. Gaetano is a 12-year veteran in the finance and banking industry. Gaetano has advised small business owners in the areas of commercial mortgage-backed securities, SBA lending, factoring finance, asset management and financial planning. During this time, Richard served as the Managing Director of Pricom Capital, a New York based commercial finance brokerage firm; Private Wealth Manager for Morgan Stanley Smith Barney in Mid-Town Manhattan; and most recently, Vice President of Business Development at American Business Lending, a Dallas based SBA non-bank lender. Richard graduated Cum Laude from Fairfield University with a Bachelors of Science. "We are delighted to have someone with Richard’s background join our team of SBA lending professionals," said Craig Calafati, Executive Vice President of SBA Lending at Celtic Bank. "Celtic Bank is currently the sixth largest SBA lender in the nation. Our ability to attract top talent like Richard is a testament to our continued growth as a nationwide leader in small business banking," added Calafati.
MAY
07

Benjamin Smith Joins Celtic Bank as VP Business Development

Benjamin Smith Joins Celtic Bank as VP Business Development
Salt Lake City, UT (May 7, 2014) — Celtic Bank is pleased to announce that Benjamin Smith has been hired as Vice President of Business Development in the bank’s SBA and Commercial Lending Department. Smith will be based in Salt Lake City, Utah and will report to Tom Green, Senior Vice President of SBA Lending at Celtic Bank. "We are excited to bring Ben on board as we continue to grow and expand our business," said Green. Smith joins Celtic Bank with more than 11 years of experience working in the real estate acquisition and commercial financing sectors. Smith began his professional career as a commercial loan underwriter at Zions Bank before being promoted to Loan Acquisition Officer. Most recently, Smith served as Vice President of Acquisitions for a Utah private equity firm where he focused on the acquisition of value added residential and commercial real estate on a national platform. Smith graduated from the University of Utah with a Bachelor of Arts degree in Finance. "Ben’s diverse background in both real estate acquisition and commercial financing is a tremendous asset to Celtic Bank," said Craig Calafati, Executive Vice President of SBA Lending at Celtic Bank.
MAY
06

Jeff Rauth Joins Celtic Bank as VP Business Development

Jeff Rauth Joins Celtic Bank as VP Business Development

Salt Lake City, UT (May 6, 2014) — Celtic Bank is pleased to announce that Jeff Rauth has been hired as Vice President of Business Development in the bank’s SBA and Commercial Lending Department. Rauth will be based in Troy, Michigan.

APR
07

Angela Machado Joins Celtic Bank as VP Business Development

Angela Machado Joins Celtic Bank as VP Business Development
Salt Lake City, UT (April 7, 2014) — Celtic Bank is pleased to announce that Angela Machado has joined the bank as Vice President of Business Development. Machado will be based in Southern California and will renew a previous partnership with Jim Harris, Senior Vice President of SBA Lending at Celtic Bank. Machado and Harris will combine their expertise in small business lending with their unique approach of jointly helping each business owner arrange needed financing. "Over the years, Jim and I have witnessed how pleased our business clients were to have two seasoned bankers fully dedicated to their needs," said Machado. Celtic Bank was named the 6th largest SBA lender in the nation for FY2013, approving $302M in gross SBA loans during fiscal year 2013. "We have experienced tremendous growth over the past several years. We are excited to bring Angela on board as we continue to expand our team and fund the growth of our nation’s small businesses," said Reese Howell, Jr., Chief Executive Officer. Machado comes to Celtic Bank with more than 14 years of direct SBA lending experience and is highly regarded in the industry. She began her career financing small businesses at Greater Bay Bank as...