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Summit Bank Hires Long-Time Industry Expert as Program Advisor to SBA Division
Rhea-AI Impact
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Rhea-AI Sentiment
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Tags
management
Rhea-AI Summary
Summit Bank (OTC Pink: SBKO) announces the appointment of Doug Wolford as Vice President and SBA Program Advisor. With nearly 30 years of experience in the Small Business Administration sector, Doug previously led SBA initiatives at a regional bank across several states, including Oregon and Washington. His expertise aims to enhance relationships with SBA borrowers, providing clients with access to SBA 7(a) loans, SBA Express Lines of Credit, and USDA loans. Summit Bank has been recognized as a top SBA lender in Oregon, indicating a strong commitment to small businesses.
Positive
Doug Wolford brings nearly 30 years of SBA experience to Summit Bank.
His role focuses on enhancing relationships with SBA borrowers, potentially increasing loan approvals.
Summit Bank is recognized as a top SBA lender in Oregon, reflecting its strong position in the market.
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EUGENE, Ore.--(BUSINESS WIRE)--
Doug Wolford joins Summit Bank (OTC Pink: SBKO) today as Vice President, SBA Program Advisor for Summit Bank’s Small Business Administration Division.
Doug Wolford, Vice President, SBA Program Advisor for Summit Bank’s Small Business Administration Division (Photo: Business Wire)
Doug has nearly 30 years of SBA experience, previously leading SBA for a well-known regional bank with borrowers in Alaska, Washington, Oregon, Montana and Idaho. He is a graduate of Montana State University and has a Bachelor’s degree in Economics and a Master’s of Science degree in Applied Economics.
Doug’s role with the Bank will focus on cultivating relationships with current and prospective SBA borrowers. He will also work with clients and colleagues in our Eugene / Springfield, Central Oregon and Portland markets. According to Summit Bank Senior Vice President and SBA Administrator Ashley Horner, “We are thrilled to have Doug join the Summit Bank SBA Division. His depth of experience in the government guarantee loan arena is unmatched and this will provide Summit Bank clients with additional benefit in obtaining SBA 7(a) loans including SBA Express Lines of Credit and USDA loans.”
He is a long time member of the National Association of Guaranteed Government Lenders (NAGGL) and is a member of the Northwest Business Development Association (NWBDA) Loan Committee.
Summit Bank, with offices in Eugene/Springfield, Central Oregon and the Portland Metropolitan area, specializes in providing high-level service to professionals as well as medium-sized businesses and their owners. Summit was recognized in 2020 as the Top Small Business Administration (SBA) Community Bank Lender in the State of Oregon.
